Do we know GB's cash position?

[Ghost_Lombardi]

I would assume that is public info, as well as any debt and interest rates on that debt, given the nature of the organization (no private owner).

Given that cash over cap (cash upfront prorated over the years of the deal) is going to be forefront in 2021 free agency (like it was prior to the 2011 CBA), the organization's cash position could come into play.

[go pak go]

I would assume that is public info, as well as any debt and interest rates on that debt, given the nature of the organization (no private owner).

Given that cash over cap (cash upfront prorated over the years of the deal) is going to be forefront in 2021 free agency (like it was prior to the 2011 CBA), the organization's cash position could come into play.

I doubt it is.

The latest information we would have on cash holdings is the year end Financial Statements that ended March 31, 2020. We can't really know because we don't know what inflows and outflows are like during the pandemic. Especially inflows. However, I just don't think we need to worry about this.

Honestly I am zero bit worried. Zero. A year ago we had over $420 Million in cash. The 2020 fiscal year (April 1, 2019 - March 31, 2020) saw expense of $436 Million. I guarantee that cost significantly lower this year. Let's say $350 million. On top of that, National Revenue was close to $300 million. I think at most we would see a cash deficit of $150 million on the high end. Again...we had $420 million in reserves.

image.png (36.17 KiB) Viewed 268 times

image.png (37.51 KiB) Viewed 265 times

Now if you string 2 or 3 years of this....then we may start seeing issues.

But the Packers have to be one of the better financial positioned teams out there.

[go pak go]

There have been times in my life where it looked like I was going to be part of the Wiplfi CPA firm.

The cool thing about that is I would then have access to the Green Bay Packers audit file and Green Bay Packers workpapers.

I wouldn't be able to dispel any even remotely sensitive information here if I had access..... but for me, selfishly, it would be very cool to see.

The only cool thing I have at my firm is we did win the bid to perform the Minnesota United Major League Soccer 401(k) audit. I only say this because this is all public information. Anyone can go read my report I make on the DOL's GoFAS 5500 lookup website. Unfortunately though the soccer players themselves have their own 401(k) plan through their player's union. So I only get coaches, front office, etc.

[Ghost_Lombardi]

There have been times in my life where it looked like I was going to be part of the Wiplfi CPA firm.

The cool thing about that is I would then have access to the Green Bay Packers audit file and Green Bay Packers workpapers.

I wouldn't be able to dispel any even remotely sensitive information here if I had access..... but for me, selfishly, it would be very cool to see.

The only cool thing I have at my firm is we did win the bid to perform the Minnesota United Major League Soccer 401(k) audit. I only say this because this is all public information. Anyone can go read my report I make on the DOL's GoFAS 5500 lookup website. Unfortunately though the soccer players themselves have their own 401(k) plan through their player's union. So I only get coaches, front office, etc.

Awesome. Nothing more exciting than Double Entry book keeping.

I once rented a film called Double Entry. Thought it was going to be about accounting. Turned out to be about something else entirely.

[paco]

image.png (447.46 KiB) Viewed 227 times

[texas]

So since many of us are owners, aren't they forced to disclose to us the financials?

[go pak go]

So since many of us are owners, aren't they forced to disclose to us the financials?

They did. It's right here.

https://shareholder.broadridge.com/pdf/ ... report.pdf

I will say though this is just so high level and it doesn't have Wiplfi's Auditor's Report on it nor does it have financial statement footnotes. So these aren't the GAAP financial statement. I have to imagine we can get those upon request as we are shareholders. I just don't know how.

[go pak go]

So since many of us are owners, aren't they forced to disclose to us the financials?

So this gets more into law, but here is my general understanding.

Shareholders have the rights, without any real reason to the following:

1. Basic annual financial statements (I just posted a link although it's just a Packers annual report. Not a GAAP financial statement. It is SOOOOO high level)
2. A ledger of other shareholders or a list of names on the shareholder register.
3. Minutes of shareholder and board meetings.

Shareholders have the rights with valid reason (generally must be in written request with a reason for inspection)

1. Corporation and its wholly owned subsidiary records. This could be financial or non-financial records if there is good reason, does not place significant inconvenience on management, and the shareholder's intent is true.

Shareholders usually can't ask and receive the following:

1. Proprietary, confidential or Trade-secret documents (you know the NFL won't let "Packers" shareholders see their underskirts
2. Preliminary or interim financial statements and records. This is where we basically can't just ask Carla Schrank, Scott Murphy or Paul Baniel how much money the Packers lost from August to now or how much money is in the bank right now. They won't do it and they don't have to.


So we are basically given the annuals FSTs and that is that.

[Pugger]

So since many of us are owners, aren't they forced to disclose to us the financials?

Yes. The Packers are one of the few major sports club that makes its financial statements public. Another one is the Atlanta Braves.