The writer of this article admits to being a Cowboy fan, so brace yourself for some biased statements. I made a comment on the article that sums up my feelings. I can't wait to get my second share of stock in the Packers.
Basically selling fandom.
I don't think a deal like this goes over with the public for many other franchises (perhaps the Cardinals could do it -but somewhere I read public stock is not allowed in MLB -maybe with the antitrust thing.)
Communists
Only individuals can buy it, the Pack has no obligation to pay you back, no one can buy more than 200 shares, you receive no protection from securities laws, the team and NFL "severely restrict" any stock transfer and you should not expect any profit, dividend, tax deduction or economic benefit in general.
The Press-Gazette reports that those buying the initial allotment of 250,000 shares will be allowed "to vote on team business, including directors, and attend annual meetings. Shareholders do get such perks as exclusive locker room tours."
Kevin Quinn, an economist at St. Norbert College, told the Press-Gazette the 12-by-8-inch certificates were essentially memorabilia and defended those Packers faithful who would shell out a quarter-grand for one.
"It's not the worst thing you could spend your money on. You'd spend the same amount of money on a team jacket and you can't pass that on to the kids," he told the paper, without explaining why you can't pass on a jacket to your children.
Re: Green Bay Packers sell stock in team to fans
Posted: December 6 11, 3:25 pm
by AWvsCBsteeeerike3
A stock that costs $250 is valued at 2.5 cents. Also, by buying stock you agree that Roger Goodell and the league can fine you up to $500K for bad behavior. You can be fined $5K for betting on football. Crazy.
Re: Green Bay Packers sell stock in team to fans
Posted: December 7 11, 11:25 am
by lukethedrifter
Freed Roger wrote:
Kevin Quinn, an economist at St. Norbert College, told the Press-Gazette the 12-by-8-inch certificates were essentially memorabilia and defended those Packers faithful who would shell out a quarter-grand for one.
"It's not the worst thing you could spend your money on. You'd spend the same amount of money on a team jacket and you can't pass that on to the kids," he told the paper, without explaining why you can't pass on a jacket to your children.
funny
Re: Green Bay Packers sell stock in team to fans
Posted: December 7 11, 3:57 pm
by TheoSqua
I kind of want to buy this. If I were maybe twice as wealthy as I currently am I think i'd do it.
Re: Green Bay Packers sell stock in team to fans
Posted: December 8 11, 11:42 am
by cards2468
My friend's dad is a share holder with the Packers. He received a nice championship ring when they won. That's pretty cool at least.
Re: Green Bay Packers sell stock in team to fans
Posted: December 8 11, 11:47 am
by Freed Roger
cards2468 wrote:My friend's dad is a share holder with the Packers. He received a nice championship ring when they won. That's pretty cool at least.
I thought they'd give these out
Re: Green Bay Packers sell stock in team to fans
Posted: December 21 11, 12:37 pm
by Mary1966
Shareholders have special things only they can get in the Packers team store and from Jostens jewelry (related to the Packers Super Bowl win last February). I bought myself a replica Super Bowl ring key chain. If you live close to Green Bay you can go to the shareholders' meeting at Lambeau Field in July.
And in return the "shareholders" get a nice cheese foam hat.
Packers stock isn't like regular stock. Its value doesn't increase, there are no dividends, it has virtually no re-sale value and it doesn't give buyers any advantage over the 93,000 people on the waiting list for season tickets.
What buyers do get is a piece of paper declaring them a team owner and conferring rights to attend and vote at the annual stockholder meeting, which is held at Lambeau Field each summer before training camp. They also get access to a special line of shareholder apparel.
sounds like it does better than some of my 401K investments
Re: Green Bay Packers sell stock in team to fans
Posted: April 10 12, 8:06 am
by pioneer98
Calling these people "owners" is a farce. It's basically becoming a member of a club that gets you the right to buy special trinkets and invited to special events.
