Hell hath no fury like an accounting firm shunned, the old saying goes. Except that’s […]
Tag: Football
Tax Nerds Set Record Straight on Tax Code vs. NFL Rulebook Complexity
If there's one thing tax people can't stand, it's other people saying incorrect things about […]
Confirmed: An Audit Firm Will Resign From an Engagement If You Threaten Its Employees
Deloitte audited the Glasgow-based Rangers football club up until recently when the firm wrote a letter to shareholders detailing some disturbing news:
Did KPMG Flop as FIFA’s Auditor?
The FIFA scandal is increasingly ridiculous as was so deftly shown by John Oliver last […]
The Washington Redskins Got Beat by the Green Bay Packers, Presented By BDO
As you know, BDO serves as the official accounting firm of asshole of the century […]
BDO Adds a Feather to Its Cap After Landing Exclusive Deal with Offensively Nicknamed Football Team
I can't help but think of this: Anyway, here are the canned quotes from the […]
Americans for Tax Reform: Playing Professional Football in Texas to Save Taxes > Working for Jerry Jones
Tony Romo will make a lot of money playing quarterback for the Dallas Cowboys under […]
A Bunch of Jerks in San Diego Booed Phil Mickelson and His KPMG Hat for Donating Money That Will Buy Books for Kids
In today's there's no way we could completely mock this and feel good about ourselves […]
“Emerging Growth Company” Manchester United Ltd. Not Quite Ready to Take Advantage of All the Reporting Exemptions Under the JOBS Act
As you know, the Jumpstart Our Business Startups Act was made law earlier this year, […]
Right Now KPMG CEO John Veihmeyer Is Locked in His Office Watching This Clip From “Rudy” Over and Over and Fighting Tears
This far from being Notre Dame's Jerry Sandusky moment but it still has to hurt. […]
“The Packer Franchise Has Such a Deep History,” The Email Begins
If this doesn’t convince you accountants are important, nothing will:
I noticed this article during a visit back to my hometown of Green Bay. Now this is something I think we all can aspire to. The Packer franchise has such a deep history, and especially interesting as the Packers are the only publicly-owned professional football franchise in the NFL (and maybe the only sports franchise in the US) where you can purchase shares of its stock. Go Pack.
Enjoy:
“Green Bay Packers likely owe existence to treasurer Frank Jonet”
The Green Bay Press-Gazette shares the story of guys with money who stepped up to save a team they loved:
Even casual students of Green Bay Packers history might recognize the names of the local businessmen who played the key roles in keeping the franchise afloat through its economically turbulent first 30 years.
There’s the legendary Curly Lambeau, whose statue sits in front of the Lambeau Field Atrium, and the rest of the “Hungry Five” who made sure the team stayed solvent in its most dire days: Andrew Turnbull, the former Green Bay Press-Gazette publisher and first team president; Lee Joannes, a local grocery wholesaler and team president from 1930-47; Dr. W.W. Kelly, another original franchise officer who doubled as the team’s first physician; and Gerald Clifford, the Packers’ long-time attorney who in 1923 drew up the papers for their one-of-a-kind incorporation.
And what’s early Packers history without mention of George Calhoun, the irascible Press-Gazette sports editor who relentlessly promoted the team after a chance meeting with Lambeau on a Green Bay street corner in 1919 spurred the idea for a local professional football club?
But even experts on the Packers’ early years might not have heard of Frank Jonet, the taciturn, civic-minded accountant who helped steer the franchise through bankruptcy receivership in the mid-1930s and played a key role in the desperate stock sales of 1935 and 1950 that kept the franchise alive.
“I find it strange that (Jonet) wasn’t better known, particularly because he was the financial receiver of the franchise at a time when this team was very, very close to going out of business,” said Bob Harlan, the Packers’ chairman emeritus, who will present Jonet into the team’s hall of fame on Saturday. “The Circuit Court really threatened him, either pay these bills or close up your shop. He was one of the leaders who saw to it that this team continued to exist.”
The entire thing is too long to read even for me and that’s my team but you’re welcome to.
The short version is that the team suffered through multiple financial crises and survived somehow.
Audited Financial Statements for NFL Ventures, L.P. Are Now Available for Your Viewing Pleasure
Today in leaked sports organization financial statements news, Deadspin’s latest scoop is the audited financial statements of NFL Ventures, L.P. and Subsidiaries. NFL Ventures consists of the following subsidiaries: NFL Enterprises, NFL Properties, NFL Productions and NFL International. These companies perform operations from broadcasting to advertising to the NFL Network to Super Bowl hospitality.
As you can imagine, professional football in the United States is a pretty lucrative business. Forget the mess that is the