![]() ![]() The NFL hates the ownership structure of the Green Bay Packers, which requires the team to disclose financial reporting that the league would prefer to keep secret. The articles quoted and linked to above are generally annoying, but they’re also objectively evil. The ideal of having your Packer stock framed above the fireplace is talked about wistfully among Packer fans everywhere, and a simple fan club would lack the cache. Ownership conveys additional meaning to your relationship with a business, and there is a level of participation built into this program that you simply cannot fake. Some may argue that all of this could be accomplished through a “fan club” or something like that, but I suspect that is not the case. Finally, you do have special access to the shareholder merchandise portion of the pro shop, which contains merchandise that the normal fans can’t buy. It may not be for everyone, but getting to attend a special event inside of Lambeau is certainly worth something. It is an interesting event which, when we aren’t in a pandemic, takes place in person inside of Lambeau Field. Reporters also like to belittle what you get in return, and it’s worth noting that with ownership, you get quite a bit more than a “worthless piece of paper.” You do get that actual stock certificate, of course, which is a nice piece of art or memorabilia in its own right, and you do get the right to what is ultimately a fairly meaningless vote, but you also get an invite to the shareholders meeting. No one is taken advantage of, and everything is on the up-and-up. The actual qualities of Packer stock are reported on ad nauseum by people both hostile and friendly to it. Scams attempt to take money from people through some sort of subterfuge, and there is no subterfuge here. You see, when someone is trying to scam you, they generally don’t announce that fact in big, bold letters on the web page where the scam is allegedly taking place. The Packers explicity tell you exactly what you get and what you don’t get, and you don’t get “nothing at all,” as the article is completely wrong about that as well. Take this article, which also doesn’t know what “stock” is, and refers to purchasers as “suckers.” These are pretty common whenever the Green Bay Packers decide to raise funds through a stock sale, as everyone leaps to point out that you can’t sell your share for profit, and it’s not normal stock, and it’s a ripoff:Įxcept, as all of these articles are also quick to point out, none of this is a secret, or news, or a scam in the slightest. ![]() This is the sixth stock sale in the Packers' 102-year history.Ĭontact Richard Ryman at (920) 431-8342 or Follow him on Twitter at on Instagram at or on Facebook at don’t seem to know what a “scam” is. For those without internet access, a toll-free number - 83 - is available to request documents by mail for transactions to then be completed by mail. It's probably not likely we'll get approval anywhere else."Īll pertinent information about the sale is available at . Credit and debit cards and electronic bank transfers can be used for online purchases. Murphy said he received a lot of questions about international sales. "We are pretty optimistic we'll be able to sell shares in Canada. The team was eventually able to sell in Canada during the 2011 sale. Marissa Meli, Packers associate general counsel, said the team sought approval in Canada as well and is awaiting a decision. The sale is approved in all 50 states, Washington, D.C., and the American territories of Guam, Puerto Rico and the U.S. If all shares are sold, the team will raise $90 million, which team President and CEO Mark Murphy said will go toward $250 million in Lambeau Field projects, including concourse renovation and new digital video scoreboards. Sales slowed on Wednesday, with another 27,000 shares bought. The team sold 33,000 shares in the first three hours of the sale on Tuesday and 83,000 by Tuesday night. In the end, the Packers sold 269,000 shares that year and raised $67.4 million. During the previous sale, in 2011, the team offered 250,000 shares at $250 each and added another 30,000 after about three weeks. The Packers are offering 300,000 shares in the team at $300 a share plus a $35 handling fee until Feb. About 100,000 purchases were made.īefore the sale, the Packers had 361,300 shareholders who collectively owned 5,009,400 shares. Packers fans scooped up 110,000 shares of the NFL's only publicly-owned team between Tuesday morning and Wednesday evening. GREEN BAY – The Green Bay Packers have sold $36.7 million in shares in the first day and a-half of the team's sixth stock sale. Watch Video: Packers will use stock sale for continued upgrades at Lambeau Field ![]()
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