The Green Bay Packers were founded on August 11, 1919 by former high-school football rivals Earl "Curly" Lambeau and George Whitney Calhoun. Lambeau solicited funds for uniforms from his employer, the Indian Packing Company. He was given $500 for uniforms and equipment, on the condition that the team be named for its sponsor. Today "Green Bay Packers" is the oldest team-name still in use in the NFL, both by its nickname and by virtue of remaining in its original city.
On August 27, 1921, the Packers were granted a franchise in the new national pro football league that had been formed the previous year. Financial troubles plagued the team and the franchise was forfeited within the year, before Lambeau found new financial backers and regained the franchise the next year. These backers, known as the "Hungry Five", formed the Green Bay Football Corporation.
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