The NFL currently does not allow any team other than the Green Bay Packers to have...

The NFL currently does not allow any team other than the Green Bay Packers to have any shareholders. Should the NFL change this rule? Why or why not?

Expert Solution

ANSWER:

THE NFL SHOULD NOT CHANGE THE RULE BECAUSE OF THE FOLLOWING REASONS:

1. IF THE CHANGE IS ALLOWED THEN THERE WILL BE DECISION MAKING BODY LIKE A BOARD OR A COMMITTEE AND NOT AN INDIVIDUAL DECISION MAKING BODY.

2. THE ACCOUNTABILITY WITH REGARD TO THE PRACTICES WILL GET DILUTED IF THERE ARE SHAREHOLDERS.

3. PROFITS COULD BE HARMED BASED ON THE PERCEPTION AS IF SOME SHAREHOLDER FEELS THAT THE TEAM IS NOT GOING TO WIN, THEN HE MIGHT SELL THE SHARE AND SUBSEQUENTLY WOULD EFFECT THE VALUE OF THE TEAM.

4. THE WAY THE TEAM IS RUN WILL GET AFFECTED DUE TO VARIOUS OWNERS LEADING TO MANAGEMENT PROBLEMS AND CHAOS.

5. A LOT OF REGULATORY REQUIREMENTS WILL INCREASE, LEADING TOWARDS LOTS OF EXTRA EXPENSES AND FINANCIALS BEING SHARED WITH THE PUBLIC WHICH CANNOT BE GOOD IF THE OWNERS WANT TO RUN THE TEAM IN A CERTAIN MANNER.

6. A LOT OF NEGOTIATION THAT GOES BETWEEN THE OWNERS AND STATE GOVERNMENTS MIGHT BE COMPROMISED DUE TO IT BEING A PUBLIC COMPANY.

Rahul Sunny answered 1 year ago

The NFL does not currently allow any team have any shareholders. Make arguments both for and...

The NFL does not currently allow any team have any shareholders. Make arguments both for and against the NFL changing this rule.

Packer Fan Tours is the official tour company for the Green Bay Packers of the NFL....

Packer Fan Tours is the official tour company for the Green Bay Packers of the NFL. One of the events in the package is to sponsor a reception the night before a game for fans that is attended by 5 of the players from the team. There are 53 players on the Green Bay Packers' roster of which 22 are starters. Assume that the 6 players attending the reception this week are chosen randomly. Determine the probability of the following...

NFL Green Bay Packers play on Lambeau field in Wisconsin. The total cost of operations and...

NFL Green Bay Packers play on Lambeau field in Wisconsin. The total cost of operations and maintenance for each year is $27 million and 6 home games are played per year. The cost to pay the players is $10,000,000 per year. Each games operating cost is $2,833,333.33 Estimate the cost of running your stadium on game day. (Include the cost of utilities ($708,333.33), security ($708,333.33), maintenance on and off the field ($708,333.33), employees ($708.333.33), etc. Ignore concession and merchandise stands....

Does a non-controlling shareholder have access to any information other than the consolidated financial statements to...

Does a non-controlling shareholder have access to any information other than the consolidated financial statements to determine how well the subsidiary is doing? Explain. Advanced accounting

It is said that 85% of NFL players will have a “short” career of less than...

It is said that 85% of NFL players will have a “short” career of less than 5 seasons. Of the 1696 players in the NFL, 1476 of them have been playing for less than 5 years. Is the actual proportion likely to be higher than 85%? State a maximum confidence level.

How important is competitive balance in sports other than NFL, MLB, and NBA? Provide evidence to...

How important is competitive balance in sports other than NFL, MLB, and NBA? Provide evidence to support your answer.

Consider a team that you are currently participating in or a team with which you have...

Consider a team that you are currently participating in or a team with which you have worked in the past. Identify norms, rules, and any explicit ground rules that were developed for the team. Reflect on the team's goals and objectives. Was the team a success or failure? Discuss why you feel so, based on the information from this chapter. (200 WORDS)

Is there a material which can allow light (or any other EM radiation) to pass through...

Is there a material which can allow light (or any other EM radiation) to pass through from one side as if it is transparent but its other side reflects light like a mirror?

in any society, what does it mean to be the other?

More world leaders have an economics degree than any other type of degree. Discuss how the...

More world leaders have an economics degree than any other type of degree. Discuss how the study of economics has helped you understand the world around you and how the knowledge of economics can be used to better the world. Also discuss how, with your knowledge of economics, you can profit in order to help better your life, your family’s life, your very close friends, or your community.

Question