Packers' stock

Discussion in 'The National Football League' started by Yankee_In_TX, Dec 6, 2011.

  1. Yankee_In_TX

    Yankee_In_TX Dance Lindsay!

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    Errr, am I the only one who does not understand this?


    From Packers.com:


    http://mobile.bloomberg.com/news/20...st-11-minutes-of-sale?category=/news/mostread

    It's like buying a PSL errr, without the seat?
     
  2. gtexan02

    gtexan02 Working?

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    Its a one time $250 purchase that makes you legal part owner of the team.
    Unlike PSL, theres no requirement to keep putting money in.
     
  3. Yankee_In_TX

    Yankee_In_TX Dance Lindsay!

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    But you can't resell or transfer or do anything with it (other than to frame it).

    Maybe I'd have to be from that part of the country to understand?
     
  4. gtexan02

    gtexan02 Working?

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    You can pass it down in your will, you can vote on team decisions, you can attend an annual meeting of owners, you get other perks like exclusive tours and meet and greets, etc.

    You also know that since the Packers are community owned, there isn't some greedy owner raking in profits. The money goes to helping the stadium, etc. Its like chipping in to the messageboard. Or sending money in to public radio/tv/etc. You're helping fund your own interest and getting some nice perks and a cool "owner" aspect
     
  5. gtexan02

    gtexan02 Working?

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    cool
     
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  6. Playoffs

    Playoffs Subscribed Contributor

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    Can I call plays? :fingergun:
     
  7. Ole Miss Texan

    Ole Miss Texan Hall of Fame

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    Awesome, nice find!! I think this is actually pretty cool.
     
  8. Yankee_In_TX

    Yankee_In_TX Dance Lindsay!

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    I mean, not trying to pee in anyone's corn flakes it just seems to me that the idea of 'control' of the team is false and you're really just buying a few stadium tours and meet and greets during the year?

    Instead of an owner controlling things, you have Ted Thompson controlling them.

    I get it is great PR and makes everyone warm and fuzzy, but I can't say if the Texans had an IPO tomorrow I'd buy 'stock.'

    Just my $.02, not trying to convince anyone who disagrees to see it my way.
     


  9. Ole Miss Texan

    Ole Miss Texan Hall of Fame

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    I get what you're saying, and to an extent you're correct. You get to go to owners' meetings and such.

    But by being a shareholder you have a vote, and that can be VERY powerful. The team can issue up to 10 million shares but no single person can own more than 200,000 (2% - fixed), and as of today only 2 people had that maximum. Now I don't know what may or may not go before the shareholders for a vote (edit: board of governors will).... but the team moving cities could certainly be raised. And I'd find it extremely unlikely to gain enough votes to move the Packers to L.A. The Jaguars or the Texans (for example) could up and move next season, theoretically.
     
    Last edited: Dec 6, 2011
  10. disaacks3

    disaacks3 Site Contributor

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    But THESE "shares" they're selling now can;t be sold, so (theoretically) you can really only have one. Whoopee.

    Honestly, if they're not true voting shares that can be resold, they aren't really "shares" at all.

    Basically, a $250 pet rock.
     
  11. GlassHalfFull

    GlassHalfFull Subscribed Contributor

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    Shutdown corner has a take on it.

    You can now buy shares of the Packers, but with strings attached

     
  12. Stemp

    Stemp Brew Master

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    fify
     
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  13. Ole Miss Texan

    Ole Miss Texan Hall of Fame

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    Forget the word "share". What you're essentially doing is making a $250 donation to the Packers organization so they can upgrade their stadium. For that donation, they are listing you as a part owner of the franchise and allowing you to vote on who is on the Board of Directors and Executive Committee that attends NFL Meetings. They're also allowing you to attend the annual owners meetings, attend other special events and purchase exclusive merchandise for owners only. You can also pass this on to your immediate family and they can receive those same benefits. Unfortunately, you are unable to sell this at a later date.

    :vincepalm: LOL thanks, it's been a long day!
     
  14. gtexan02

    gtexan02 Working?

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    Edit: Double Post
     
  15. gtexan02

    gtexan02 Working?

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    Exactly! And in return, you're guaranteed that your sports team is a non-profit organization.

    Non-profit means cheaper concessions (with what profits are generated going mostly to charity), no maniacal owners a la Jerry Jones, etc.

    The Packers main goal is as a football team. All other NFL teams main goal is to generate profit.
     
  16. IDEXAN

    IDEXAN Hall of Fame

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    Not a financial investment, just a sentimental investment, but that's more than enough for Packer fans.
     
  17. chicagotexan2

    chicagotexan2 IDBLDogDareU

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    There's one born every minute.
     

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