American Legion Expense Sheet: Fill & Download for Free

from wikipedia:The original "Articles of Incorporation for the Green Bay Football Corporation", enacted in 1923, specified that should the franchise be sold, any post-expenses money would have gone to the Sullivan-Wallen Post of the American Legion to build "a proper soldier's memorial." This stipulation was included to ensure there could never be any financial inducement for shareholders to move the club from Green Bay. At the November 1997 annual meeting, shareholders voted to change the beneficiary from the Sullivan-Wallen Post to the Green Bay Packers Foundation, which makes donations to many charities and institutions throughout Wisconsin.[71]Even though it is referred to as "common stock" in corporate offering documents, a share of Packers stock does not share the same rights traditionally associated with common or preferred stock. It does not include an equity interest, does not pay dividends, can not be traded, has no securities-law protection, and brings no season ticket purchase privileges. All shareholders receive are voting rights, an invitation to the corporation's annual meeting, and an opportunity to purchase exclusive shareholder-only merchandise.[72] Shares of stock cannot be resold, except back to the team for a fraction of the original price. While new shares can be given as gifts, transfers are technically allowed only between immediate family members once ownership has been established.[71]Green Bay is the only team with this form of ownership structure in the NFL, which does not comply with current league rules stipulating a maximum of 32 owners per team, with one holding a minimum 30% stake. The Packers' corporation was grandfathered when the NFL's current ownership policy was established in the 1980s.[75] As a publicly held nonprofit, the Packers are also the only American major-league sports franchise to release its financial balance sheet every year.

The Green Bay Packers easily sell out every home game at Lambeau Field — so there is no need to worry the team would need to leave Green Bay. But realistically, the Packers are the only publicly-owned franchise in the National Football League — so the team can’t move because of the ownership details.The Packers ownership is unique and complex. Wikipedia says:The Packers are the third-oldest franchise in the NFL, dating back to 1919, and is the only non-profit, community-owned major league professional sports team based in the United States. The Packers are the last of the "small town teams" which were common in the NFL during the league's early days of the 1920s and 1930s. The Packers were founded in 1919 by Earl “Curly” Lambeau and George Whitney Calhoun. Between 1919 and 1920, the Packers competed against other semi-pro clubs from around Wisconsin and the Midwest, before joining the American Professional Football Association (APFA), the forerunner of today's NFL, in 1921. Although Green Bay is by far the smallest major league professional sports market in North America, Forbes magazine ranked the Packers as the world’s 27th most valuable sports franchise in 2019 — with a value of $2.63 billion.Rather than being the property of an individual, partnership, or corporate entity, the Packers are owned by 360,584 stockholders. No one is allowed to hold more than 200,000 shares, or approximately 4% of the 5,011,557 shares currently outstanding. It is this broad-based community support and non-profit structure which has kept the team in Green Bay for nearly a century in spite of being the smallest market in all of North American professional sports. The city of Green Bay had a population of only 104,057 as of the 2010 census, and 600,000 in its television market, significantly less than the average NFL figures. The team, however, has long had an extended fan base throughout Wisconsin and parts of the Midwest.There have been five stock sales to fund Packer operations over the team's history, beginning with $5,000 being raised through 1,000 shares offered at $5 apiece in 1923. Most recently, $64 million was raised in 2011–2012 towards a $143-million Lambeau Field expansion. Demand exceeded expectations, and the original 250,000 share limit had to be increased before some 250,000 new buyers from all 50 U.S. states and Canada purchased 269,000 shares at $250 apiece, approximately 99% online.The original "Articles of Incorporation for the Green Bay Football Corporation" (enacted in 1923), specified that should the franchise be sold, any post-expenses money would have gone to the American Legion to build "a proper soldier's memorial." This stipulation was included to ensure there could never be any financial inducement for shareholders to move the club from Green Bay.Even though it is referred to as "common stock" in corporate offering documents, a share of Packers stock does not share the same rights traditionally associated with common or preferred stock. It does not include an equity interest, does not pay dividends, can not be traded, has no securities-law protection, and brings no season ticket purchase privileges. All shareholders receive are voting rights, an invitation to the corporation's annual meeting, and an opportunity to purchase exclusive shareholder-only merchandise.Shares of stock cannot be resold, except back to the team for a fraction of the original price. While new shares can be given as gifts, transfers are technically allowed only between immediate family members once ownership has been established.Green Bay is the only team with this form of ownership structure in the NFL, which does not comply with current league rules stipulating a maximum of 32 owners per team, with one holding a minimum 30% stake. The Packers' corporation was grandfathered when the NFL's current ownership policy was established in the 1980s. As a publicly held nonprofit, the Packers are also the only American major league sports franchise to release its financial balance sheet every year.As you can see, the Packers are unique — and the bottom line is the team can’t ever leave Green Bay. Basically, the team belongs to their fans. The cheeseheads own them, and as long as the NFL exists, the Packers will be around forever.

A2A. WARNING - long post.The MYR currency has been on a downward trajectory for a while. As CJ Teh has mentioned, many other currencies - specifically South East Asian currencies, have been weakening as well.1. Price of OilThe downward trend started at least since Jun of 2014 (last year). I don't recall a good date to refer to here but it coincides with American oil flooding into the market. Usually, OPEC (the Organization for Petroleum Exporting Countries) would adjust their output as a block to maintain the price of oil. They do this by lowering their supply into the market.But OPEC decided not to do so. Of particular note is Saudi Arabia who opened their taps instead. With the vast quantities of oil coming into the market, the price of oil was depressed. OPEC made an economic decision hoping to price the more expensive American producers out of the market. But this did not happen. American oil producers continue pouring their product into the market.​Chart 1: MYR-USD​Chart 2: CL1:COM Nymex WTI​Chart 3: CO1:COM Nymex BrentChart 1 is the MYR-USD exchange rateChart 2 is Western Texas Intermediate, a light-sweet crude oil similar to the crude which Malaysia produces.Chart 3 is Brent Sea Crude, a heavier crude that has a higher sulfur content.Notice the almost synchronized movements. There may be a time lag for MYR-USD change due to contract futures.How does this impact Malaysia? In SEA, Malaysia is a net exporter of oil (plus Brunei). Up to a third of our country's budget was funded by oil - 32% of government revenue in 2013. It is only since 2011 (at least) that Petronas has managed to persuade the BN gov that "Hey, come on. If we keep this up and not have money to fund new oil developments, we wont have any new oil revenue streams. And you will have zero royalties in the very foreseeable future." This would have a big impact on Malaysia's budget - especially since the current administration tends to slot in several Billion MYR in "emergency expenditures" that are outside the review of Parliament.Since oil prices are down, this impacts on the country's revenues. With oil priced in USD, the MYR falls in line with the oil price reductions against the USD. So, investors took note that with less oil revenue, the country will have budget constraints. This affects investor sentiment.Detour:Malaysian oil is very "sweet and light" oil - meaning oil that is low in sulfur and other components. The country exports the expensive oil and buys cheaper oil that has higher amounts of sulfur components. We've been stuck at Euro 3 and will only switch RON 97 (the higher end option) to Euro 4 in Sept 2015. This means your health is affected by a more polluted environment. Notice the smell of our diesel?2. Politico-Economic IssuesOf the immediate concerns regarding the MYR is our political situation. Imagine that you are an investor and you want to invest in a highly geared but big balance sheet company. You study and think the company is good and buy the company's stock. The next day, you read in the papers that the company's CEO has taken out a big bank loan supposedly to make further investments. That's cool, everything is OK.A few weeks later, you open the papers and discover that the investments that the CEO has made are un-sound: buying power assets with only 4 years of license and at a premium, buying land that have title disputes, etc. But since the company has a good balance sheet, you think they can make several billion MYR of business mistakes. You start to worry a bit.Another week goes by and you read in the papers that the company has been revealed to have several billion USD worth of debt with no apparent assets to back it up - turns out the balance sheet has assets of disputable quality. Worse, you find out that USD 700 (2.6 Billion Ringgit) has managed to find its way into the CEO's PERSONAL BANK ACCOUNTS. The CEO claims these are "donations" - strange that these donations were made just before a major shareholder AGM that would have decided if the CEO's tenure is continued or stopped. You wonder, who made that donation and why? People do not give so much money to a specific person for no reason.You, as a savvy investor, decide that this is BS. You sell your shares and put your money elsewhere.Now, imagine "you" are a legion of investors big and small; from foreign fund managers and investors to the Malaysian middle-class. Everybody starts moving money out of the country.When you move MYR out of the country, what do you do? Likely, switch back to USD. By selling MYR and buying USD, supply-demand will cause the MYR to weaken against the USD.Worse, the company's debt is guaranteed by the government - if the gov pays, there is less money for the business of running a nation. Deficits negatively affect investor sentiment and so they may "price in" the risk.Investors are going to buy USD because its a safe haven investment. Also, investors might go and buy USD denominated assets such as gold-oil-US stocks. And this is set against the next point.EDIT 23-08-2015: We're talking about "Investor Confidence" or Investor Sentiment or Mood. The only quantifiable mechanism between investor confidence and the economy is appetite for risk. However, it goes without saying that even if the economy is doing reasonably well, if investors don't think or feel good about it then capital markets and currency will under-perform (1).3. US rate riseThe US Fed is expected to raise interest rates. And if you want a safe haven asset, that's going to be USD. Now with interest - albeit pathetic.4. ChinaBut wait, there's more. In an effort to prop up its economy, China has begun buying USD and selling Yuan / RMB. The MYR is one of the few currencies that can clear RMB - which is great when you want to do business with China. But not so great when China forces the depreciation of RMB against USD.The entire region is affected by China's move, not just Malaysia.5. GDP growthOur YoY GDP growth has slowed - mostly because of GST. Investor sentiment slackens as expected.6. What's next?Due to political uncertainty, the MYR will trade weaker against the USD for the short to medium term.At least until after Bersih 4.0 (a pro-democracy rally; 29-30 Aug) and any ramifications that may arise. Once the dust settles, the MYR will stabilize between 3.80 and 4.10 to the USD - this is my guess, no quantitative data to lean on but it is a range in line with most analysts. At least until oil prices strengthen or Malaysia gets serious about cleaning out its institutions of graft. Once investor sentiment is positive and faith is restored, things will get better.EDIT: But for the medium term; let's say the next year or so, the primary factors that play a large part will be oil and the Fed rate movement.P/S. Remember that investor sentiment can "improve" by people forgetting (the current scandal). Big scandals have come and gone with people rarely even remembering them.See Also:(1) Escaping Najib's Malaysia, Investors Also Flee Currency and Stock Market