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Packers prepare fifth stock sale

U.S. President Obama is presented a certificate of part ownership of the Green Bay Packers in Washington Reuters

At a time when politicians in Minnesota want to force Zygi Wilf to sell 70 percent of the Vikings to the general public in the form of stock, the only NFL team that is publicly owned will soon be making the fifth sale of stock in team history.

Bloomberg.com reports (via SportsBusiness Daily) that the team is planning to sell additional shares in the range of $250 each.  The goal apparently is to finance a $140 million renovation, which will expand Lambeau Field by 6,600 seats.

The Packers last sold stock in 1997.  Under league rules, no other team may sell ownership shares to the public; the Packers’ pre-existing ownership structure was permitted to continue after league rules changed.

As evidenced in the photo, the nation’s most powerful Bears fan received a frame stock certificate when the Packers visited the White House earlier this year.  It’s unknown whether he rolled it up for placement alongside the Lincoln Loo.

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55 Responses to “Packers prepare fifth stock sale”
  1. theslex says: Nov 10, 2011 1:43 PM

    This is a bit selfish, I admit, but I’m kinda bummed the team is selling stock again. When I was 10 years old the only think I asked for/received for Christmas was a share of stock in the Packers. Santa/Mom pulled through and so I’m one of the few people in my generation who can lay claim to partial ownership of the team. So much for that!

  2. jessethegreat says: Nov 10, 2011 1:45 PM

    Money well spent if it gets my name 6000 spots up on the list for season tickets.

    It might be my name, but i’m a realist so I do realize it’s my unborn grandkids’ names that are actually moving up.

  3. thingamajig says: Nov 10, 2011 1:47 PM

    140 million for 6,600 seats sounds like alot to me, Jerry’s palace didn’t cost that much per seat.

  4. dbellina says: Nov 10, 2011 1:51 PM

    Just wonder, do you have to be a Minnesota resident to purchase some of these stocks?

  5. makinghtmlcodeforfacebook says: Nov 10, 2011 1:53 PM

    The Packers are awesome!

  6. binkystevens says: Nov 10, 2011 2:01 PM

    Just another reason why our team is better than yours. Feel free to hit thumbs down if your team is precluded from selling shares to the general public. Sucks, doesn’t it?

  7. childressrulz says: Nov 10, 2011 2:07 PM

    This is where all the jealous fans come on and say that it is just a piece of paper that doesn’t really entitle you to anything. Other than you know being one of the 115,000 owners or so of the Packers. Who owns your team again? Oh yeah some wrinkled, ball sagging dude.

  8. jrmbadger says: Nov 10, 2011 2:12 PM

    I’ll be first in line to buy one share.

  9. wlubake says: Nov 10, 2011 2:14 PM

    Why do people buy these shares again? The article on Bloomberg says that they don’t appreciate, don’t pay dividends and can’t be sold. So you are just donating $250 to the Packers, a for profit entity. Are there at least some perks or voting rights?

  10. garyman1 says: Nov 10, 2011 2:15 PM

    I’ve always regretted not getting a share last time…. thought it was too much money for basically a piece of paper with no voting rights.
    Since then, I’ve changed my mind… and will get a share this time around. To me, this is no different than buying a nice painting for my living room (once I frame it and hang it up).

  11. Robert says: Nov 10, 2011 2:19 PM

    The state of Minnesota will be buying most of the stock.

  12. snarkzilla says: Nov 10, 2011 2:41 PM

    There’s probably a waiting list for stock, too. But at least the stock waiting list won’t take 90 years to work through.

  13. stellarperformance says: Nov 10, 2011 2:42 PM

    Worthless? Not to the possessor. This is marketing genius 101. Selling “stock” just before Christmas to fans that love their team so much they are willing to pay a “voluntary tax” for stadium improvements. Every team in the league wishes they could do something like this, but only Green Bay can pull it off. Save your “blind sheep” vitriol. If you can’t imagine what it feels like to be a Packer fan, that’s your loss, not ours. Gotta love them Packers!

  14. blaz0037 says: Nov 10, 2011 2:49 PM

    they don’t appreciate, don’t pay dividends and can’t be sold.

    that pretty much sums it up.

  15. chris6523 says: Nov 10, 2011 2:49 PM

    This packer fan is going to pass on the worlds most expensive white elephant gift. If it came with a couple game tickets and a free stadium tour, maybe.

  16. sparks242 says: Nov 10, 2011 2:53 PM

    Only in Cheese land would someone buy stock that is absolutely worthless…..

  17. godofwine330 says: Nov 10, 2011 3:00 PM

    What are the perks at buying a $250 share in the Packers? Will it increase? Will it get me free tickets? Can I hold on to it for 20 years and get more than my $250 or is it a waste of money?

    I’m curious. Somebody come with a real answer please.

  18. dfinpds says: Nov 10, 2011 3:07 PM

    Lincoln Loo?? I think someones prejudice is showing there Mr flooooorio………

  19. jrmbadger says: Nov 10, 2011 3:14 PM

    It comes with a vote for the board of directors. The board of directors elects the president (currently Mark Murphy) who determines the general manager (Ted Thompson) who obviously hires the coach (McCarthy).

    It also comes with an annual shareholder’s meeting where Murphy, Thompson, McCarthy and players give speeches to the owners.

    It’s pretty cool really. How many other chances in your lifetime can you say that you are a part owner of an NFL franchise?

  20. east96st says: Nov 10, 2011 3:18 PM

    “Who owns your team again? Oh yeah some wrinkled, ball sagging dude.”

    Explain why 100,000 fat, drunken idiots who think plastic wedges of “cheese” are a fashion statement is better. And let’s remember, the old guy actually DOES own the team. Unless you have voting rights, you just hold a piece of paper that says you paid a voluntary stadium tax. It’s your money, so that’s your right, but it does NOT make you an owner in anyway, shape, or form other than a meaningless title that holds no power.

  21. Little Earthquake says: Nov 10, 2011 3:21 PM

    It is basically a donation to the team, but at least it’s voluntary. That is, the team’s not pressing for a tax on everyone in the state.

    And I know they did that ten years ago in Brown County for the 2003 renovation, but at least THAT tax was put on a referendum.

  22. chatham10 says: Nov 10, 2011 3:34 PM

    It sounds like the stock I have purchased, buy it and then is goes down the tubes and now I can buy stock and know for sure I will never get a dime back. I can understand the people in Wisconsin buying up the stock and knowing they will receive nothing back, great investment folks.

  23. bjorntorock says: Nov 10, 2011 3:35 PM

    SUPERBOWL CHAMPIONS.

  24. contra74 says: Nov 10, 2011 3:48 PM

    People who buy these pieces of paper are NOT owners. Im sorry but thats just a sad dream that you are trying to hold on to. Its a donation so no you are not buying an actual stake in the team. Owners get dividends and rings when their team wins. Along with the cheese wedge hat, the claim to have ‘ownership’ upon receiving your ‘receipt’ for the donation is laughable. I mean if you are truly going to throw away money like that then I have a few lots of property that might interest you.

  25. glac1 says: Nov 10, 2011 3:51 PM

    over the last three years my Packer stock is the only investment I have that hasn’t lost value!

  26. garyman1 says: Nov 10, 2011 4:00 PM

    For those of you wondering….being a shareholder doesn’t give you a lot of rights but some of the benefits are:
    - Invited to annual shareholder meeting at Lambeau (where team leadership provides updates)
    - Availability of some exclusive merchandise
    - One, neat piece of paper…suitable for framing
    - Support for your team and ability to say that you are part owner of the Green Bay Packers.

    If the team ever folds, the by-laws state that any sales proceeds go to the local VFW post.

  27. jimmysee says: Nov 10, 2011 4:25 PM

    Lots of misinformation here.

    From people who do not know or do not want to know the truth.

    The Green Bay Packers are a non-profit corporation. All profits get plowed back into the team.

    No wrinkly owners get dividends. No owners, period, get dividends.

    Owners do have voting rights. We vote for the board that elects the executive committee that runs the team.

    There are lots of reasons to make any investment.

    Hoping for a monetary return is only one of them, and maybe not even the best one!

    There’s lots of things in life way more important than money.

    People invest in money losers all the time — family businesses, theatrical productions, motion pictures, their kid’s school projects.

    The greatest value in investing in the Packers is securing the team in Green Bay forever.

    They are anchored there. They will never move.

    That makes that share certificate priceless.

    I was in for two shares back in 1997 — might just come in for two more this time around.

    $500 is about 150 gallons of gasoline. So I’ll walk or ride my bicycle a little more. Good for me. Good for the community. Good for the Packers.

  28. phillyfan4ever says: Nov 10, 2011 4:36 PM

    This is a free way to raise money for the Packers, however many professional teams would be reluctant to open their books to the public every quarter.

  29. snarkzilla says: Nov 10, 2011 4:39 PM

    By the way, the by-laws were changed. Proceeds from sale of the team go to the Green Bay Packers Foundation, not to the purchase of more vacation homes and a super yacht for an owner who screwed your team up.

  30. snarkzilla says: Nov 10, 2011 4:54 PM

    What’s the policy on deleting factually correct posts that have neutral tone and are a legitimate response to a question? And why?

  31. Carl Gerbschmidt says: Nov 10, 2011 5:04 PM

    Here’s your chance fans of “other NFC North Division” teams! You don’t need to buy stock to join us, but it would be a nice gesture.

  32. thejuddstir says: Nov 10, 2011 5:04 PM

    “jrmbadger says:
    Nov 10, 2011 3:14 PM
    It comes with a vote for the board of directors. The board of directors elects the president (currently Mark Murphy) who determines the general manager (Ted Thompson) who obviously hires the coach (McCarthy).

    It also comes with an annual shareholder’s meeting where Murphy, Thompson, McCarthy and players give speeches to the owners.

    It’s pretty cool really. How many other chances in your lifetime can you say that you are a part owner of an NFL franchise?”——————————-In reality JRM Badger, quit fooling yourself about it being “cool”. Explain to me the difference between the other 31 teams who get their new stadiums etc. from “taxes” from their citizens and the Packers who get theirs from “donations” from their citizens. Every fan in every NFL city could make the same ridiculous claim that they are “owners” in their franchise due to the taxes they pay. A Packer fan no more “owns” the Packers than do Patriot fans own the Patriots. It’s a simple case of semantics that Packer fans are more than willing to swallow lock, stock and barrell. congratulations, hope to see you at this years “owners” meetings in Hawaii….oh that’s right, you’re not invited!!

  33. stellarperformance says: Nov 10, 2011 5:09 PM

    contra74 says:
    Nov 10, 2011 3:48 PM
    Along with the cheese wedge hat, the claim to have ‘ownership’ upon receiving your ‘receipt’ for the donation is laughable. I mean if you are truly going to throw away money like that then I have a few lots of property that might interest you.
    ———————————————-

    First of all, a cheese wedge hat is a symbol of not taking ourselves too seriously, while enjoying a comraderie with the team and our fellow fans….unlike anything anywhere else.

    It may look goofy to some (me) but it sends a message to people (you); that not only don’t we care what you think, it says *uck you if you can’t take a joke.

    You may be a Viking fan, but your face is green…..green with envy over how this team functions and the willingness of the fans to participate in it’s success.

    I hope you get another “Maybe Next Year”
    t-shirt for Christmas.

  34. expatpack says: Nov 10, 2011 5:13 PM

    They also prepare for 3 games in 9.5 days. Thank goodness for a “fluff” schedule as some have postulated.

  35. snarkzilla says: Nov 10, 2011 5:18 PM

    I’m convinced. It is much better to sneer at Packers fans for being stupid and cheer for a team for which you can have no input whatsoever and can be moved whenever your owner wants.

  36. contra74 says: Nov 10, 2011 5:25 PM

    stellarperformance says:
    Nov 10, 2011 5:09 PM
    contra74 says:
    Nov 10, 2011 3:48 PM
    Along with the cheese wedge hat, the claim to have ‘ownership’ upon receiving your ‘receipt’ for the donation is laughable. I mean if you are truly going to throw away money like that then I have a few lots of property that might interest you.
    ———————————————-

    First of all, a cheese wedge hat is a symbol of not taking ourselves too seriously, while enjoying a comraderie with the team and our fellow fans….unlike anything anywhere else.

    It may look goofy to some (me) but it sends a message to people (you); that not only don’t we care what you think, it says *uck you if you can’t take a joke.

    You may be a Viking fan, but your face is green…..green with envy over how this team functions and the willingness of the fans to participate in it’s success.

    I hope you get another “Maybe Next Year”
    t-shirt for Christmas.
    ————-
    Green from envy? Far from it. One of the stories posted not too long ago called the Packers the class of the league. While I admit that they are the best team right now I can also say that the Packer fanbase is far from being close to the class of the NFL. If we go by some of the packer fans on here then I am glad I am not associated with such a group.

  37. bordner says: Nov 10, 2011 5:29 PM

    I have to laugh at all the comments from the bitter viking “fans” every time the subject of Packer stock comes up. This just gets under your skin, doesn’t it? Especially when we call ourselves “owners”.

    You just can’t stand to see a successful, well-run franchise with an extremely solid, incredibly proud and supportive fanbase, when you can’t even find anyone who wants to keep your team in the state.

  38. pack0314 says: Nov 10, 2011 5:37 PM

    Like others have said, I skipped the last stock sale, which I regret quite a bit. I won’t make the same mistake twice.

  39. contra74 says: Nov 10, 2011 5:45 PM

    bordner says:
    Nov 10, 2011 5:29 PM
    I have to laugh at all the comments from the bitter viking “fans” every time the subject of Packer stock comes up. This just gets under your skin, doesn’t it? Especially when we call ourselves “owners”.

    You just can’t stand to see a successful, well-run franchise with an extremely solid, incredibly proud and supportive fanbase, when you can’t even find anyone who wants to keep your team in the state.
    ————
    Haha, ok Sally keep believing the Vikings fans are jealous about not being able to give away money to become an ‘owner’.

  40. hoochbcs says: Nov 10, 2011 5:45 PM

    I bet if they made the share 20 bucks, they could raise the full amount. I mean, who gives a sh*t about dilution.

    I’m a lifelong Packer fan but I don’t feel like donating 250 dollars. It’s the principle. I’d rather buy a few t-shirts and sweatshirts with their logo at the team shop. At least I’d something tangible.

  41. jrmbadger says: Nov 10, 2011 5:49 PM

    “thejuddstir says:
    Nov 10, 2011 5:04 PM …”

    wow, that post had all the hallmarks of a bitter Viking fan.

    Here’s the difference between the community owned Packers and your Wilf owned Vikings – nobody’s talking about moving the Packers to L.A. and nobody ever will. The team will be in Green Bay until hell freezes over.

    As a soon-to-be owner, I will also get a vote on Packer management who hires the GM. So if the Packers are poorly run we can vote out the clowns. Had Detroit been owned by the community, they’d have gotten rid of Millen years prior. You can’t and never will be able to say that.

    Not only that, but we don’t have to fleece taxpayers. We have enough fans willing and able to help the team finance capital improvements because we aren’t just fans who talk (Vikes fans) but we back up our loyalty with our wallets.

  42. gb4mn0 says: Nov 10, 2011 5:51 PM

    Hey contra74, what about the Helga hat? The last time I checked Helga is a women’s name and the stands at the dome are full of men wearing the Helga hat. What’s up with that?

  43. The Phantom Stranger says: Nov 10, 2011 6:51 PM

    I wish my team could get away with this scam. Why does the NFL only allow it for the Packers? I can see why they would do it once, so they could keep the team in town. Now it’s just an easy way to raise revenue that other teams can’t do. Of course, it probably wouldn’t work anywhere else.

  44. The Prophet says: Nov 10, 2011 7:01 PM

    What a genius move they came up with all those years ago. To think how these cheeseheads will line up to fork out $250 or more for a piece of paper. And its not even like its autographed by anybody, its just a piece of paper with a ‘G’ on it.

    For what, “stock”? Stock that cannot increase in value, and gives you no power to vote on anything or actually do anything with. Only Packer fans would be dumb enough to fork out their money for something like this. This is such a scam and no one else could get away with this!

  45. contra74 says: Nov 10, 2011 7:11 PM

    hoochbcs says:
    Nov 10, 2011 5:45 PM
    I bet if they made the share 20 bucks, they could raise the full amount. I mean, who gives a sh*t about dilution.

    I’m a lifelong Packer fan but I don’t feel like donating 250 dollars. It’s the principle. I’d rather buy a few t-shirts and sweatshirts with their logo at the team shop. At least I’d something tangible.
    ———-
    By far this is the smartest Packer fan comment yet. Why give away $250 for a piece of paper? Why not just buy your teams merch at the team store!? At least you are getting something in return aside from that warm fuzzy feeling you get by calling yourself an ‘owner’.

  46. dd393 says: Nov 10, 2011 8:13 PM

    contra74 says: Nov 10, 2011 5:25 PM

    If we go by some of the packer fans on here then I am glad I am not associated with such a group.

    ==================================

    And we Packer fans are glad about that as well.

  47. welzy says: Nov 10, 2011 9:06 PM

    Do you own anything anywhere that hangs on a wall or sits on a shelf that you think is worth $250, even if others don’t? If not, look again. Sentimental value is precious indeed.

    P.S. The jealousy of other fans is the sincerest form of flattery.

  48. mediasloppy says: Nov 10, 2011 10:58 PM

    binkystevens says:
    Nov 10, 2011 2:01 PM
    Just another reason why our team is better than yours. Feel free to hit thumbs down if your team is precluded from selling shares to the general public. Sucks, doesn’t it?
    ———————-
    Why do Packer fans think any comment that is negative is posted by a Vikings fan. Cheeseheads are the most obnoxious fans in the NFL.

  49. jessethegreat says: Nov 11, 2011 4:13 AM

    contra74 says:
    Nov 10, 2011 3:48 PM
    People who buy these pieces of paper are NOT owners.
    ——————————————————
    Well then tell us wise one, Who is the owner? Or, Who are the owners? It’s certainly not some coorporate lackey fattening his wallet from us buying it.
    ——————————————————
    I look at the Packers stock like the Adrian Peterson plaque or poster you have on your wall. It’s like the framed portrait of new Target Field sitting on your mantle-place or your vikings flag flying outside your home or on your vehicle. It’s a piece of art and a conversation piece.

    I don’t get how you people get so upset and negative about us supporting our team.

  50. stellarperformance says: Nov 11, 2011 6:59 AM

    contra74 says: Nov 10, 2011 5:25 PM
    While I admit that they are the best team right now I can also say that the Packer fanbase is far from being close to the class of the NFL. If we go by some of the packer fans on here then I am glad I am not associated with such a group.
    —————————————————————-

    Don’t judge an entire fanbase by the actions of a few mean spirited wack jobs. Not only does every team have them (yours included,) every element of society in general has them too. Is everybody below the Mason Dixon line a member of the KKK? (Don’t answer that!)

  51. theytukrjobs says: Nov 11, 2011 8:18 AM

    Packer fans are hilariously stupid. This is not “stock”. This is a donation to an already publicly owned entity. This is happily and willingly paying extra taxes for a piece of paper that points out how much of a moron you are.

    You can’t sell the “stock”. You can’t transfer it. When you die, it dies. It has zero value unless they sell the team, in which case you’d probably still get nothing.

    If you want sentimental value, get a jersey or an autographed piece of memorabilia. Don’t get a stupid piece of $250 paper that has no meaning other than to show what an idiot your government takes you for.

  52. deconjonesbitchslap says: Nov 11, 2011 6:11 PM

    theytukrjobs

    COMMENT OF THE YEAR!

  53. deconjonesbitchslap says: Nov 11, 2011 6:23 PM

    did a packer fan on here justify buying stock of this team by saying “there are more important things than money?”

    If you think football is more important than your money, I almost feel sorry for you.

  54. stellarperformance says: Nov 11, 2011 10:46 PM

    theytukrjobs says: Nov 11, 2011 8:18 AM
    This is not “stock”. You can’t sell the “stock”. You can’t transfer it. When you die, it dies. It has zero value unless they sell the team, in which case you’d probably still get nothing.

    If you want sentimental value, get a jersey or an autographed piece of memorabilia. Don’t get a stupid piece of $250 paper that has no meaning other than to show what an idiot your government takes you for.
    —————————————————————

    Prior to the announcement of another stock sale (only the fifth in team history,) the value of the stock sold in 1997 has been selling for up to three times the purchase price to collectors., proving the supply and demand law of values. Yes, that market will dry up fast when the new stock is available, and if I were a 1997 stockholder, I’d be pissed, but the uniqueness of the only team that enables a stock sale keeps the interest high…kind of like finding an intact six-pack of Billy Beer! So, save your breath if you try to tell me the stock isn’t worth anything. Plus, you can also vote for the members to the Board of Directors, which is not invisible….but only if you’re a stockholder! This takes sentimental value to a whole new level…a level only achieved in Green Bay. You still don’t get it. If I could type slower for your sake, I would.

  55. cardhawks says: Nov 14, 2011 11:18 PM

    the stock holder extras are pretty cool.
    the superbowl package sold strictly to stockholders was flipping for almost $500 on ebay
    player autographs and packer programs among other items not for sale to the public can be turned for a tidy profit.
    being a stockholder has some nice benefits

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