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Packers non-stock stock is for sale, for only the fifth time

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The only publicly-owned professional sports franchise is giving more members of the public an opportunity to own a piece of the team.

The Packers have announced that a rare stock offering has launched today, with shares available at a price of $250 each.

“We’re excited to offer shares for just the fifth time in our storied history,” Packers President/CEO Mark Murphy said in a press release.  “Since we announced the Lambeau Field expansion project in August and said we were exploring a stock offering, the response has been very enthusiastic.  “Fans across the country, and those who have family and friends who are fans, have an opportunity to support the team, and join a very special group:  Owners of the Green Bay Packers.”

Money raised via the team’s first stock sale since 1997 will be used to finance a $143 million expansion of Lambeau Field.  And plenty of money surely will be raised.

Though most stock purchases arise from a desire to invest money so that the money will grow in value, Packers’ stock represents a rare type of memorabilia.  No other team can sell it, and no other fans can own it.

Coincidentally, the shares have become available less than three weeks before Christmas, during what has been so far the most magical year in franchise history.

What’s that, you say?  I’m being cynical again?  Consider this line from the team’s press release:  “Stock in the Packers does not constitute an investment in ‘stock’ in the common sense of the term. . . .  Anyone considering the purchase of Packers stock should not purchase the stock to make a profit or to receive a dividend or tax deduction or any other economic benefits.”

In other words, the Packers have made available today the perfect holiday gift for the Packers fan who has everything but a piece of the franchise.

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108 Responses to “Packers non-stock stock is for sale, for only the fifth time”
  1. joetoronto says: Dec 6, 2011 9:38 AM

    Sure, buy “stock” that’s not stock, awesome.

  2. desouki says: Dec 6, 2011 9:43 AM

    Whaaat? You mean to tell me a company wants me to buy something useless? Looks like I’ll stick to using those hundreds on naming stars. Now that’s a useful holiday gift right there.

  3. tennis22drew says: Dec 6, 2011 9:43 AM

    Pretty cool! Though I hope little Johnny doesn’t get coal because his mom and dad blew the Christmas bonus on this

  4. east96st says: Dec 6, 2011 9:43 AM

    I give them credit for not fleecing the taxpayer. This way, those who want to pay what amounts to a “Packer tax” can and those that do not, don’t have to. Shockingly fair approach. Wish every sport team was forced to do the same.

  5. imaginesuperbowlwin says: Dec 6, 2011 9:44 AM

    And in other “news,” there is also a sale on toilet paper at Wal-mart.

  6. grilledjesus says: Dec 6, 2011 9:46 AM

    $250 for a piece of paper with zero value? Where does the line start?!?!

    This makes the Red Sox selling bricks look like a decent investment.

  7. howley1 says: Dec 6, 2011 9:50 AM

    Bear in mind that it is against NFL bylaws for any team owners to publicly criticize any other team’s owner in any way.

  8. vikingdoode says: Dec 6, 2011 9:52 AM

    worthless stock but a nice xmouse present to that fat tubalard brother-in law just to make him feel worthy. LOL brilliant move on Packers not having a county tax or some referendum to raise property tax. To bad NFL wont let all teams play fairly…

  9. wegonnadoitbaby says: Dec 6, 2011 9:54 AM

    What is the difference in selling the “stock” or just asking for donations from the Team perspective? A serious question, I really don’t know. Anyone from that part of the world that can explain how it works?

  10. eyeamlegend says: Dec 6, 2011 9:54 AM

    Well, I guess people just as much and more for comic books and trading cards. Way way way way way down the line, somebody somewhereay be able to auction off their share and a great great great great grandson can make a couple extra dollars.

  11. souljalb says: Dec 6, 2011 9:56 AM

    This is ridiculous but because of their cult following…will do LOVELY numbers smh

  12. techstar25 says: Dec 6, 2011 10:00 AM

    So if it’s effectively worthless, being that it can’t be resold, and it provides it’s owner with no controlling interest in the team whatsoever, why don’t other teams sell “stock”? It’s quite literally a license to print money.

  13. waggs12 says: Dec 6, 2011 10:01 AM

    Cheese-for-brains fans will snatch these “stocks” up like they’re made of gold. I’d rather keep my ticket stub from a game I’ve gone to and consider that my “ownership of the team”. It will be worth exactly as much. What a joke.

  14. thesawceboss says: Dec 6, 2011 10:04 AM

    Stupid

  15. bvanbvan says: Dec 6, 2011 10:04 AM

    To the non-owners of the 31 other teams…

    Eat your hearts out!

  16. worldsgreatestbearsfan says: Dec 6, 2011 10:06 AM

    Sounds like a way to get around the revenue sharing agreement for merchandising. They sell you a piece of paper with the Packers logo on it and they get to keep all the money rather than sharing it with the league.

  17. bordner says: Dec 6, 2011 10:13 AM

    Wow. Some pretty harsh comments here so far. I would have expected it from the usual viking trolls that feel the need to comment on every Packer story, but this seems more than just that.

    Is it jealousy? Is that what’s bringing out all of this anger? You’re upset because your team can’t do this, and even if they could, it wouldn’t go over anywhere near as well?

    I think everyone needs calm down and take a breath and admit it – in a world of greedy owners, this is a good story. This represents an incredibly unique situation in modern sports that should be admired, not attacked. Why does it bother you so much what we do with our money?

  18. george4136 says: Dec 6, 2011 10:19 AM

    These comments stink of jealousy

  19. east96st says: Dec 6, 2011 10:22 AM

    “To the non-owners of the 31 other teams…

    Eat your hearts out!”

    If you think that certificate makes you an owner in any REAL sense of the word, please have your wife handle all the family finances. You’re a ponzi scheme victim waiting to happen.

  20. grilledjesus says: Dec 6, 2011 10:24 AM

    bvanbvan says:
    Dec 6, 2011 10:04 AM
    To the non-owners of the 31 other teams…

    Eat your hearts out!
    ———————————————–
    I’m selling part ownership in a beautiful bridge in Brooklyn. Interested?

  21. packfaninchitown says: Dec 6, 2011 10:29 AM

    Voluntary investment in our team so they can beat your team again next year…

    Sounds like a great idea!

  22. comeonnowguys says: Dec 6, 2011 10:30 AM

    The non-stocks come with lime Kool-Aid.

  23. ruvelligwebuike says: Dec 6, 2011 10:32 AM

    “Cheese-for-brains fans will snatch these “stocks” up like they’re made of gold. I’d rather keep my ticket stub from a game I’ve gone to and consider that my “ownership of the team”. It will be worth exactly as much. What a joke.”
    ——————-

    Does your ticket stub come with voting rights and an invite to the annual shareholder’s meeting that describes exactly how the team will spend it’s yearly revenue?

    Also, it’s $250. I’ve had bar tabs higher than that and only got a hangover out of the deal.

  24. eriktheliberal says: Dec 6, 2011 10:32 AM

    You may call Packers stock “non-stock”, but it is stock nonetheless. The bearer of the stock owns a piece of the team, but cannot claim dividends and the stock’s value cannot appreciate. In spite of these limitations, it still is stock. And it is one hell of a lot better than the arrangement the fans of the NFL’s other 31 teams have to put up with: moody, temperamental, entitled, snobby owners.

  25. supermariojosh says: Dec 6, 2011 10:35 AM

    Every person mocking the Packers and their fans in this thread would buy a share of their favorite team’s stock if it were made available.

  26. matthewtrueblood says: Dec 6, 2011 10:39 AM

    @worldsgreatestbearsfan money earmarked for stadium improvements is safe from revenue sharing anyway. They could sell licensed t-shirts and still keep their cash.

  27. buddgrant says: Dec 6, 2011 10:41 AM

    I’m not sure how people can criticize it as ‘stupid’. It’s like merchandise or a collectible. Vikings fan shop front page has a framed picture of Bud Grant selling for $349. Hard to say that’s any more “useful” than Packer stock–only Viking fans will like it, everyone else will think it’s dumb and that I paid too much for it… The same Vikings store has a framed picture of the Metrodome for $249. Who is dumber, the fan who pays $250 to make sure their already nice stadium is improved, or the fan who pays the same amount and buys a picture of one of the worst stadiums currently in the NFL, a stadium the team cannot wait to escape?

    Now the criticism that it isn’t fair… That might be a legitimate complaint.

  28. doowix says: Dec 6, 2011 10:42 AM

    So basically you DONATE $250 to the Packers organization and they reward you with a receipt disguised as a stock certificate.

    How is this any different from flushing that money down the toilet?

  29. uffle says: Dec 6, 2011 10:42 AM

    I guess this is just the difference between Green Bay fans an other fans. Packer fans understand exactly what this is; they aren’t being forced to buy it, they aren’t being tricked. Packer fans will just jump at any chance to support their team.

    All of the money raised via Packer’s stock goes towards stadium renovations. With the purchase of stock you have the opportunity to attend shareholders meetings which are a unique experience, as well as the ability to vote to install members onto the Board of Directors.

    Just because fans of other teams can’t justify it does not mean its ridiculous.

  30. mortort says: Dec 6, 2011 10:46 AM

    I am honestly sad for the people who have become so jaded that they don’t understand why a Packer fan would want this.

    Paint them (okay us) as dumb, fat rubes all you want. We understand the cultural and economic value the Packers have to Green Bay, and want to support the organization.

  31. akismet-b6a6c85f6a8674466b3cec3dd92c4120 says: Dec 6, 2011 10:46 AM

    Why are they charging $25 to mail a piece of paper?:

    Q Are there any additional charges?

    A Yes. You will be charged a $25 shipping-and-handling fee for each order of one or more shares.

  32. baronvon54 says: Dec 6, 2011 10:46 AM

    It seems that the majority of the comments on the post lack perspective on this stock sale, so here you go: Brown county has a population of roughly 248,000, the Lambeau field expansion will cost around $134 million. Imagine if that were subsidized entirely by a stadium tax. That’s around $540 per resident (though we know children and elderly will not contribute to that). A stock sale is the only viable method of raising the necessary funds in the smallest professional sports market in the country. Packers fans want to support their team, plus they can say they own a part of the Packers, as trivial as that may be. It’s not completely worthless though; stock holders get special discounts on merchandise, the right to attend the annual stock holders meeting, and other additional perks. There is no profit to be made by the organization in the stock sale, and it is far from the scam that some of you believe it to be. Hate hate hate, everyone just wants to hate.

  33. dapros says: Dec 6, 2011 10:48 AM

    The Green Bay Packers is not “The only publicly-owned professional sports franchise”. The Saskatchewan Roughriders of the Canadian Football League (founded 1910) is also publicly owned.

  34. jrmbadger says: Dec 6, 2011 10:53 AM

    I’m a new part-owner of the Green Bay Packers.

    YEAH!

    Demand is heavy with over 1,600 orders in the first 10 minutes according to the Green Bay Press Gazette.

  35. faultylogic29 says: Dec 6, 2011 10:54 AM

    Owners of other teams hold their fan base hostage when they think they can get a better stadium. For the Packers, they ask for people who are willing to pay, and those people pay.

    I think that’s pretty amazing. You can call Packers fans stupid for it, but we don’t have to deal with the BS you find with other franchises.

  36. skittlesareyum says: Dec 6, 2011 10:54 AM

    People see the word “stock” and figure it has to be worth money for it to be a worthwhile purchase. Yet people won’t think twice about throwing down $100+ for a jersey they only wear while watching the game on TV. You wouldn’t buy this and then keep it in your desk drawer; you’d put it on your wall. It’s no different than other team memorabilia. And don’t argue that other memorabilia is usually an investment – your Chris Carter jersey is not gaining value.

  37. jhumbe says: Dec 6, 2011 10:54 AM

    awesome… so it is like real stock except for all the positive attributes that come with stock (appreciation, dividends)… essentially a piece of paper so you can brag to your drunk buddies at the bar that you are an ‘owner’.

  38. truthserum4u says: Dec 6, 2011 10:56 AM

    east96st says:Dec 6, 2011 9:43 AM

    I give them credit for not fleecing the taxpayer. This way, those who want to pay what amounts to a “Packer tax” can and those that do not, don’t have to. Shockingly fair approach. Wish every sport team was forced to do the same.

    ————————————————–

    Great way to look at it.

    “Ponzi scheme” line is priceless too!

  39. jhumbe says: Dec 6, 2011 10:58 AM

    “Every person mocking the Packers and their fans in this thread would buy a share of their favorite team’s stock if it were made available.”

    Actually, I just printed a free piece of paper that says “Steelers stock certificate” and framed it on the wall. I now have the same rights in my team as you but I didn’t blow $250.

  40. virger says: Dec 6, 2011 11:01 AM

    The majority of the proceeds are going to stadium renovations (which will cost taxpayers and anyone who doesn’t buy stock nothing). So hate away…

  41. dench81 says: Dec 6, 2011 11:01 AM

    its a great investment I bought my share this morning, and I bought them as gift for my family. if other teams could do this they’d be jumping at it, but the packers are the only ones. it helps finance the new seats for the stadium, and helps my name climb the season tix waiting list, which we have the longest in the world. GO PACK GO!!!! Haters gonna hate

  42. rootintootinnootin says: Dec 6, 2011 11:05 AM

    What does it mean to own a piece of the team? If you’re not gaining economic benefit, what are the benefits of being an owner of the stock?

    And, what does the dilution mean for current stock holders?

    Was their a vote among current stock holders to dilute their share in the team?

    It just seems like the team is asking for (and getting) a handout under the ruse of ownership but giving those who are handing over their money nothing in return.

    Can owners sell their shares?

    This just doesn’t sound like it should even be legal. Asking for donations is one thing. But promising ownership without rights or benefit for money is another.

  43. thejuddstir says: Dec 6, 2011 11:07 AM

    This could only happen in Wisconsin, LMAO. The Packers tell you right up front, “this is a scam, a giant ponzi scheme…but we know you rednecks will send us your money anyways”…………..I think this “exclusive” revenue stream gives the Packers an huge unfair advantage over other NFL teams in that those other teams have to rely on the normal revenue streams in order to remain competitive and even with taxpayer’s footing the bill for a large percentage of new stadiums, the individual owners of the other 31 teams have to finance the bulk of any new stadium. Even though Packer fans like to “claim” they are the best in the NFL, it’s rather obvious that the Packers wouldn’t be able to financially survive on their fans alone like the other 31 teams are required to do. So much for the most loyal fans in the NFL…..If teams like Jacksonville, Buffalo, Minnesota, etc. etc. had this ponzi scheme available to them to raise money, do you think they would have to plead to the taxpayers?? I think not.

  44. anthonydilweg says: Dec 6, 2011 11:09 AM

    I’ll gladly pay 250 bucks for the stock in hopes that this goes well. Its a much better option than imposing a tax to fund these improvements. or forcing fans to buy Personal Seat Licenses to make money.

    Plus I live out of state and rarely get to Lambeau anymore…so I don’t mind contributing this way to help ensure their long term finances, in hopes that this team remains in green bay until I die and then some.

  45. thejuddstir says: Dec 6, 2011 11:14 AM

    bordner says:
    Dec 6, 2011 10:13 AM
    Wow. Some pretty harsh comments here so far. I would have expected it from the usual viking trolls that feel the need to comment on every Packer story, but this seems more than just that.

    Is it jealousy? Is that what’s bringing out all of this anger? You’re upset because your team can’t do this, and even if they could, it wouldn’t go over anywhere near as well?

    —————————————-
    Packer fans can’t seem to figure out why this is inherently unfair to the other 31 teams. Think about it rednecks, the Packers have an unfair revenue stream that the 31 other teams don’t . If there wasn’t anything wrong with this then answer one simple question: Why shouldn’t the other 31 teams in the NFL be allowed to do the same thing??????????????????????? ( If one team had a substantially higher salary cap than the other 31 teams would that be fair?)

  46. RexCanCoach says: Dec 6, 2011 11:21 AM

    So essentially you are making a $250 donation to the Green Bay Packer organization that has gazillions of dollars.

    I’d send $250 to feed an African kid for a calendar year first.

    I’d rather have a letter from that kid I helped feed than a meaningless letter from GB.

    Merry Christmas.

  47. mchoudoir says: Dec 6, 2011 11:29 AM

    “Actually, I just printed a free piece of paper that says “Steelers stock certificate” and framed it on the wall. I now have the same rights in my team as you but I didn’t blow $250.”

    Really? Is your stock offering certified by the SEC? Do you now have voting rights within the Steelers organization?

    For everyone saying this gives the Packers an unfair advantage, every team sells worthless pieces of paper and charges ridiculous amounts of money for it. A previous poster mentioned the framed “stadium art” that is available in almost every pro shop, what do you think that is? The only difference is when we as fans buy stock in the Packers, we know exactly where that money is going…

  48. george4136 says: Dec 6, 2011 11:30 AM

    Packers stock provides no financial benefits to its owners. It doesn’t pay dividends or appreciate in value, and it can’t be resold. It can be passed on to family members and does allow the holder to vote on team business, including directors, and attend annual meetings. Shareholders do get such perks as exclusive locker room tours.

    I’m an owner now. and proud. The annual meeting, perks and locker room tours are worth it to me. To each his own.

    The only thing I agree with the “haters” on is that other teams should be able to do something similar like fundraisers to avoid having to tax residents of a city/county/state

  49. edgarpoe2 says: Dec 6, 2011 11:34 AM

    jhumbe says:
    Actually, I just printed a free piece of paper that says “Steelers stock certificate” and framed it on the wall. I now have the same rights in my team as you but I didn’t blow $250.
    =========================
    Is it just me or are some Steelers fans really THAT intellectually challenged?

  50. wcman says: Dec 6, 2011 11:35 AM

    It’s funny because I always see Packers fans who say they are part owners of the team. It’s a cute story, but you don’t own anything other than a nice piece of paper that has no value. Nobody is jealous of this because there is nothing to be jealous of. If a Packer fan chooses to support their team like they would PBS, that’s fine, but don’t pretend like it has any meaning other than you are donating money to the Packers because of the fear they might leave someday.

  51. wozzmann1955 says: Dec 6, 2011 11:35 AM

    Be as cynical as you can my friend,it makes not a bit of difference.Them worthless pieces of paper will be snapped up in no time.The reason being pride,pride in something unique,special,like no other team,anywhere.And where the money raised is going, this will only contribute more to the success of the franchise.Lambeau Field is the Mecca now,and they aim to keep it that way. to take a hike.This is how our government should be run,,not line the pockets of some owner or politician

  52. makinghtmlcodeforfacebook says: Dec 6, 2011 11:36 AM

    From an owner of the Green Bay Packers –

    To the Packer fans and fellow owners – Don’t expect other people to understand what it means to be a true Packer Fan!

    To the non-Packer fans and non-owners – The current stock sale is one of the most brilliant ways to pay for stadium improvements. Instead of asking taxpayers to foot the bill, we are offering a chance for people to voluntarily give money for renovations No sales tax increase. No jersey sale tax. No BS. Just real fans supporting a real team.

    Go Pack Go

    Thank You,
    Owner; Green Bay Packers Inc.

  53. mortort says: Dec 6, 2011 11:37 AM

    wow RexCanCoach, that must have felt pretty good. I hope you are actually going to send the $250 to the African kid now. Think how much you could send if you didn’t have to pay for a Jets seat license!

    Merry Christmas to you, and your high horse.

  54. sschmiggles says: Dec 6, 2011 11:38 AM

    Is itjealousy? Is that what’s bringing out all of this anger? You’re upset because your team can’t do this, and even if they could, it wouldn’t go over anywhere near as well?
    –————————

    Why is it so hard for packers fans to understand that not everyone wants to drop $250 on an emotional investment?

    Look, it’s great for you if you want it, but the rest of us see it for what it is: a business taking advantage of people’s desire to feel like a part of something. Yes gb, it’s a business.

    It’s a glorified fan club. It’s neat, but even if I liked gb, I wouldn’t waste my money. I’m not in my team’s fan club, and wouldn’t be in yours either.

  55. intedwetrust says: Dec 6, 2011 11:39 AM

    And a lot of you guys (not all, but a lot) ripping on the Packers root for teams that have to sell off 1,000’s of tickets for pennies on the dollar to avoid blackouts while our team has a season ticket holder backlog of nearly 100,000 people…or enough to fill another full Lambeau Field plus have some people left waiting to get in there.

    Smallest market in the NFL, doesn’t ask for a penny of tax payer money, is adding 1,000’s of seats because of the demand for tickets and has a waiting list for season tickets that can fill any stadium in the NFL…seems like they’re doing something right to me.

  56. greenbay4ever says: Dec 6, 2011 11:43 AM

    I got my stock this morning and it is worth every penny to me(even though it was a gift and not my money but I would of paid).

    Let the haters hate. I love it. No other Franchise in sports does this and since all of the haters wasted their time posting their comments this makes an especially great morning for me. All of you who say it’s worthless can suck it. Most of you spend money on Jerseys and other memorabilia. It has value to you or you would not buy it right? So please post more hate cause I love it when someone hates the Packers. It takes energy to hate and right negative posts on the internet. The fact that someone would invest their time in hating the Pack and then writing about it puts a smile on this shareholders face.

  57. garyman1 says: Dec 6, 2011 11:50 AM

    Hey, the stock will not appreciate OR depreciate. That is far better performance than most of the stocks in my 401K over the last decade.
    Plus, I look at it as a $250 piece of artwork which I would frame and hang up.
    Lastly, it would be kind of cool just to say “I’m an owner of an NFL franchise”.

  58. boiler72 says: Dec 6, 2011 11:52 AM

    Haters go ahead and criticize all you want to. Bottom line – no tax-payer hit. It’s a choice purchase and will add 6,600 seats to Lambeau Field. I fail to see how this is a bad thing.

  59. packmad1 says: Dec 6, 2011 11:57 AM

    Ah, the idiots on here. Your team owners voted to not be able to be like the Packers, a publicly owned team. Blame them if you want to complain about unfair revenue streams.
    Oh, the other owners also voted to allow this stock sale. So again, blame your own teams for being idiots, not the Packers for knowing they have a fan base they can count on.
    Futhermore, this stock gets you: 1. Voting rights. 2. You are allowed to attend team meetings. 3. You get special access to the stadium and playing field. 4. You are a true owner of an NFL franchise.
    So take your whining and complaints, direct them at your crappy teams and owners and let the records talk.
    12-0!!! GO PACK GO!!!

  60. thejuddstir says: Dec 6, 2011 11:57 AM

    bordner says:
    Dec 6, 2011 10:13 AM

    ” your team can’t do this, and even if they could, it wouldn’t go over anywhere near as well? ”
    —————————————
    A rare time that I would agree with a Packer fan but for an entirely different line of reasoning. I submit that “it wouldn’t go over anywhere near as well” because of something as simple as “IQ”. Remember back a few decades ago when the residents of Wisconsin led the nation in the purchase of the “pet rock”….enough said!

  61. buddgrant says: Dec 6, 2011 11:59 AM

    The NFL has approved this, and all proceeds go to the stadium renovation. If people have a problem with the fairness of it, blame the NFL, not Green Bay. My guess is that GB is the only team the NFL can trust to do this, not an owner who will line his own pockets (some owners are buying Manhattan penthouses at the same time they are asking for state funding, for example). It’s funny to see people complain about an “unfair revenue stream”, given it’s only the second time they’ve done this since 1950.

    jhumbe’s comment also is quite ironic given that the last Packer stock sale was heavily SUPPORTED by Steelers owner Dan Rooney.

  62. packerstexansfan says: Dec 6, 2011 12:08 PM

    Not from Wisconsin, and I plan on getting mine next week. To all the jack a**es saying it’s unfair when you don’t even know what is going on: this revenue isn’t directly for the team, it’s to pay for the expansion of Lambeau Field and nothing more. The Packers have the same funds/salary cap as all 31 other teams.

  63. fatdaddy73 says: Dec 6, 2011 12:10 PM

    Lions fan here, I think that GB’s model of public ownership is awesome! Not passing on costs to taxpayers is the way that sports franchises SHOULD be run. I am also a red wings fan, and would buy a share from Mike Illitch any day to support a new arena!

  64. firethorn1001 says: Dec 6, 2011 12:19 PM

    Not sure why all the angst about people claiming it is ‘worthless’. It is a piece of memorabilia. No different than buying a jersey, sports card or anything else with your sports team’s logo on it. I’m sure there are plenty of people that have dropped money on stuff that is equally worthless like say a JaMarcus Russell jersey.

    Hell, at least with the stock certificate you can go to the stockholders meeting and make a day of it.

  65. kenny328usa says: Dec 6, 2011 12:21 PM

    What a joke I need a get rich quick scam like this.

  66. ketchupaholic says: Dec 6, 2011 12:28 PM

    Any way you put it! If you buy this piece of paper and call it “STOCK” you have once again proved why packer fans are continued to be the butt of jokes. I can’t tell you how many people I know that call themselves stockholders. Wait, they get to go to a stockholder meeting and their vote/voice does not count as well. Great job of Marketing Packers! Yu gotta hand it to them!

  67. east96st says: Dec 6, 2011 12:30 PM

    “Packer fans can’t seem to figure out why this is inherently unfair to the other 31 teams.”

    Not a Packer fan nor am I buying the “stock”, but you are dead wrong. This is actually infinitely more fair than some jackass politician I didn’t vote for telling me my taxes are going up indefinitely to build a billionaire a new stadium so he can make more billions. This is also infinitely more fair than holding me hostage by making me pay a PSL for the “privilege” to sit in a seat that I am still forced to buy a ticket for. This is strictly voluntary. Not one person in Wisconsin HAS to pay unless they so choose. I really can’t think of a more fair arrangement in any other sport or for any other team. If anything, the forced taxation of EVERY taxpayer in the other states to support the other 31 franchises is grossly unfair to Green Bay. If I was President – and I “inhaled” a LOT in college, so I ain’t running – I would make it mandatory that all sports teams raise revenue this way before the state they played in saw dime one of Federal funds.

  68. thejuddstir says: Dec 6, 2011 12:34 PM

    I don’t object to the ability to sell “stock”, my complaint is that every NFL team should have the same right. Without trying to explain the economics of the NFL I will summarize: The other 31 privately owned teams are responsible for their “expenses” if you will. The NFL allows all teams the right to subtract their “expenses” from total revenue before contributing to overall “revenue sharing” with the other NFL teams. The Packers are also allowed to subtract their “expenses” (stadium expansion included) however the money accrued through this sale of stock is not treated as “revenue” for the Packers, thus they contribute far less to the overall “shared revenue” that the league demands but yet they receive an equal 1/32nd of the “shared revenue”. As for the arguement that if a privately owned team can’t financially survive then they should be allowed to relocate and that it is a simple reason of “lack of fan support”, as a packer fan would claim, then there is no explaining anything to you. Without the exclusive right to sell worthless stock, quite simply, the Packers would be the first team to relocate as sellout crowds alone will not support any NFL team……it’s why other teams have to depend on such tools as luxury suites, PLS’/PLC’s, corporate support, etc. etc…….something that would not work in Green Bay, Wisconsin.

  69. wcman says: Dec 6, 2011 12:37 PM

    I’m not surprised at all the anger from Packer fans about the naysayer comments, but at least understand what is being said here:

    Fans of other teams are not jealous of you because you can donate $250 to get a pretend deed to the team. It’s great if you cherish that as a souvenir, but don’t act like you actually are buying a piece of the team. You are supplementing the Packers because they are a small market team with limited revenue streams. If they didn’t have the donations they would not be able to exist in Green Bay. You guys are paying them to stay in the market. That’s what this is and there is nothing wrong with that.

  70. peed1 says: Dec 6, 2011 12:39 PM

    Lighten up. It is a great gift idea.

  71. thejuddstir says: Dec 6, 2011 12:41 PM

    I have seen partial responses to my post but as of yet not one person has attempted to answer the main question…..”Why aren’t the other 31 NFL teams allowed to do the same?”

  72. howley1 says: Dec 6, 2011 12:48 PM

    So if it’s effectively worthless, being that it can’t be resold

    —————————————————————–

    I believe it can be resold, but the Packers must first be given the option to buy it back, at a price I of 1/25th of one cent per share, I believe.

  73. howley1 says: Dec 6, 2011 12:50 PM

    Not a Packer fan nor am I buying the “stock”, but you are dead wrong. This is actually infinitely more fair than some jackass politician I didn’t vote for telling me my taxes are going up indefinitely to build a billionaire a new stadium so he can make more billions.

    ———————————————————————

    Only the Packers aren’t going to be getting a new stadium. They’re just expanding Lambeau Field. The last stock sale was underwhelming according to the Packers themselves, when they really need a new stadium a stock sale won’t come close to covering the cost.

  74. howley1 says: Dec 6, 2011 12:51 PM

    jhumbe’s comment also is quite ironic given that the last Packer stock sale was heavily SUPPORTED by Steelers owner Dan Rooney.

    ——————————————————————

    Barack Obama was heavily supported by Dan Rooney, too. Then Rooney got a suhweet ambassadorship out of it.

  75. binkystevens says: Dec 6, 2011 12:58 PM

    Just because there isn’t “economic” value does not mean the piece of paper is worthless. Shareholders have a real vote in important matters, including board of directors appointees, committee appointees and other corporate level decisions, as shareholders of any other company have. That’s really what people are paying for, not just a framed piece of paper and the ability to boast that you own the Packers–though that’s certainly a big part of it.

  76. gbfaninwesternwi says: Dec 6, 2011 1:02 PM

    To be fair the Packers have received taxpayer funds and charged seat licenses in the past so let’s not flop that claim out there without qualification. That said, I think it is great they can forego that this time around. Unfortunately, the stadium is paid for and I still don’t see those crooks on the county board rescinding the .5 percent tax increase from 2003. Sounds like government growth remains alive and well.

  77. GrillChiller says: Dec 6, 2011 1:11 PM

    Since my earlier post was deleted by PFT (because I posted an outside link I assume)…I’ll just say it again.

    “It’s actually written in the N.F.L. bylaws that no team can be a non-profit, community owned entity. The late N.F.L. commissioner Pete Rozelle had it written into the league’s constitution in 1960. Article V, Section 4—otherwise known as the Green Bay Rule—states that “charitable organizations and/or corporations not organized for profit and not now a member of the league may not hold membership in the National Football League.””

  78. philtration says: Dec 6, 2011 1:13 PM

    How cute!
    Packer fans getting all excited at the chance to purchase some Monopoly money.

  79. packerstexansfan says: Dec 6, 2011 1:20 PM

    thejuddstir says:
    Dec 6, 2011 12:41 PM

    I have seen partial responses to my post but as of yet not one person has attempted to answer the main question…..”Why aren’t the other 31 NFL teams allowed to do the same?”

    Because all the other teams are privately owned. i.e. Jerry Jones owns the Dallas Cowboys. The shareholders vote in the president (forgot the official title) who oversees everything Packers.

  80. RexCanCoach says: Dec 6, 2011 1:26 PM

    @mortort

    yes indeed, and I have spent 10x that amount already on poverty stricken kids in Africa since you’re asking. No I absolutely refuse to pay PSL for Jets seats for SAME REASON, why in the name of everything sacred would I or anyone else pay gazillionaire owners to build a stadium. PSL is greatest sports ripoff in history so I gave up my tickets after 22 years.

    wake up and use your hard earned money for something useful this Christmas.

  81. 46defense says: Dec 6, 2011 1:26 PM

    Another reason to hate this awful franchise and abysmal “city”.

  82. twesty85 says: Dec 6, 2011 1:30 PM

    i would laugh if a vikings fan bought stock and showed up to the stockholders meeting in his #28 jersey.

  83. ibleedgreenngold says: Dec 6, 2011 1:35 PM

    The Green Bay Packers is not “The only publicly-owned professional sports franchise”. The Saskatchewan Roughriders of the Canadian Football League (founded 1910) is also publicly owned.

    //////////////////////////////////////////////////

    Who?

  84. rooney24 says: Dec 6, 2011 1:41 PM

    I am a Viking fan, and don’t really like the Packers, though I can respect that they are good right now.

    With that said, I am still tempted to purchase a share. If it weren’t quite so expensive, I would. Why? Because I will never have the billions to actually buy a team, and the Pack are the only team that sells shares.

    Why can’t the NFL get smart and allow all teams to do this. If they Vikings were selling shares, I would buy one. So would many others, and they would have enough money to fund their own stadium.

  85. GrillChiller says: Dec 6, 2011 1:45 PM

    Packerstexansfan…

    Your statement of “The shareholders vote in the president who oversees everything Packers” is both true and false.

    They might “oversee” a lot of things but they have no power over Ted Thomson when it comes to football decisions. Therefore, you’re vote has no bearing on the product put out onto the field.

  86. blaz0037 says: Dec 6, 2011 1:46 PM

    oh geez, its simply a piece of paper. and most will take the bait because their beloved Packers are playing so well. I suppose Wisconsin is the perfect place when it comes to “swaying the masses”.

    Go ahead sheep, buy your “stock”. LOL.

  87. gbpackersfan12 says: Dec 6, 2011 1:47 PM

    This is hard for fans of other NFL teams to understand, but let me help you out….

    I’ve been on the Packers season ticket waiting list for 27 years. I’m number 3,191 as of my last statement (yes, that is correct, almost 30 years to finally get my hands on the greatest NFL asset you could own, Packer season tickets).

    For $250, I can now assist in moving my name up the season ticket Holy Grail.

    Once the sale is complete, enough dedicated Packer Fans will have contributed their share to renovate Lambeau and add an additional 6,700 seats to the stadium.

    While some of you think it’s for the piece of paper, or the “ownership term” all good reasons, open your eyes! Lambeau is adding more seats baby!

    This sale just scored me season tickets next year, and for $250 I’m laughing all the way to the bank.

    I was in NYC for the Packer game over the weekend. My ticket, Face Value, cost $284!!! If the Giants can charge $284 for a ticket on the 10 yard line, then the Packers can sure as hell raise come capital for renovations. Give me a break, $250 is pennies in NFL terms.

    Damn it feels good to be a Packer Fan today.

    Go Pack,

  88. deconjonesbitchslap says: Dec 6, 2011 1:52 PM

    without question the biggest example of a franchise exploiting their obsessed, numb skulled fans.

    give us $250, and we’ll let you shovel the stadium! score! you have no say in any other part of the franchise whatsoever, but oh gosh, it’s worth the “investment.”

    how CUTE!

    I’d rather have an 0-16 team that doesn’t take me for a fool than a 16-0 team that practically calls you a fool when they dangle out monopoly money to you and you go after it with a vengence.

  89. boiler72 says: Dec 6, 2011 2:28 PM

    46defense says: Dec 6, 2011 1:26 PM

    Another reason to hate this awful franchise and abysmal “city”.

    _________________________________

    LOL, right. Packers 21, Bears 14- hope you enjoyed that one. Paclers 31, Steelers 25. Let us know when your uh, “big city” Chicago goes from your 9 world titles, to the uh, “little city’s” 13 world titles. Good luck with that! Go grow a mustache and put your moldy Ditka 1985 sweater vest on, loser.

  90. GrillChiller says: Dec 6, 2011 2:34 PM

    gbpackersfan12…

    Did I miss something? Or are you just claiming that those 6,000+ seats will be ready for next season?

  91. brewdogg says: Dec 6, 2011 2:36 PM

    For those who don’t pay attention, I have defended this “stock” on behalf of Packer fans in the past. It’s a neat, unique little piece of being a Packer fan, and it really shouldn’t be mocked, although calling yourself an “owner” is a bit of a stretch. Do you think everyone who has stock in McDonald’s calls themselves owners?

    However, there is a sub-set of Packer fans who are incredibly obnoxious and out of touch with reality. It is to these undereducated and constantly intoxicated fools that I direct the following:

    1) The last stock sale was for the the 2003 renovation, and yielded little more than $20 million of the $295 million project. (note: at $200/share, 1,475,000 shares would have needed to be sold to cover all costs. Apparently there weren’t 1,475,000 fans willing to give their money to the team…) The majority of the financing came through a Brown county sales tax.

    2) The current stock sale is for a few extra seats. NFL owners regularly pay out of their own pocket for minor upgrades, especially ones that, if we assume that each seat is worth $100 per game, the proceeds will exceed the cost within 5 years.

    3) Given the facts, stating that all franchises should operate in this manner and not ask for public money to build new stadiums is completely asinine. And ignorant of history, as well, since Lambeau Field was originally built because the NFL threatened to move the team to Milwaukee unless stadium conditions improved….

    4) There are conditions in the team charter that allow the team to be sold and moved. Just saying….

  92. packerstexansfan says: Dec 6, 2011 2:36 PM

    @GrillChiller
    Thanks for the clarification. I don’t know the full ins and outs of it. Was just giving a general overview of why other teams can’t have stock sales.

  93. boycottfootball says: Dec 6, 2011 2:39 PM

    For everyone saying that this is WORTHLESS PIECE OF PAPER….

    USE YOUR BRAIN BEFORE YOU SPEAK

    People go to an art store and pay hundreds if not thousands, NOT FOR original art but for PRINTS of something that is basically worthless.

    Value is in the eye of the beholder.
    You get to … for free.. watch the Packers on sundays.
    Doesnt cost you a dime.

    People also buy $250 jerseys for players that get traded.

    Its about supporting the team you LOVE!

    Except its yours. Look around you. Value is in the eye of the beholder.

    Dont hate just because you cant afford to buy one
    Im not even from the area, and if i had $275 to spend i would because football doesnt cost me a dime and gives me a lot more than that and Packers are probably the most respectable franchise ever.

  94. stellarperformance says: Dec 6, 2011 2:41 PM

    deconjonesbitchslap says:
    Dec 6, 2011 1:52 PM
    I’d rather have an 0-16 team that doesn’t take me for a fool than a 16-0 team that practically calls you a fool when they dangle out monopoly money to you and you go after it with a vengence.
    ————————————————–

    Sure you would. Are you too dense to understand that Packer fans purchasing this stock know exactly what they are getting? It’s a voluntary tax to help the team, and enables the owner (of the stock) to prove it. Not a single other franchise could do this…for two reasons; 1) they are the only publicly owned franchise, and 2) they have the most supportive fanbase in the league.

    The stock sold back in 1996 was selling for two and three times the face-value amongst collectors. This new issue will diminish that value, but so what? Wait another ten years for the next generation of fans and the value will be there again….not in a conventional stock manner-of-speaking, but an increased value just the same.

    This is Marketing Genius 101 my friend….nobody is getting the wool pulled over their eyes. And nobody cares what you think either, I might add.

  95. andygraham says: Dec 6, 2011 2:41 PM

    I would gladly pay $250 not to have a Jerry Jones or a Daniel Snyder in charge of my favorite team. With public ownership, that means Packers executives are also accountable to fans, not just profits. Meanwhile Malcolm Glazer is stealing games away from fans by volunteering to send the Bucs to London every year just because it lines his pockets a little thicker and gets him in good with the ol’ Commish. Yeah, that’s a much better ownership option.

  96. rao50858 says: Dec 6, 2011 2:42 PM

    I don’t see the issue here. The Packers are putting all of this money back into the stadium which they don’t even own. Lambeau Field is currently owned by the Brown County Stadium District. This is not some greedy power play by some billionaire owner, but rather a contribution to Brown County and the city of Green Bay. And it’s a very cool piece of Packer memorabilia.

  97. gb4mn0 says: Dec 6, 2011 2:46 PM

    deconjonesbitchslap says:
    Dec 6, 2011 1:52 PM
    without question the biggest example of a franchise exploiting their obsessed, numb skulled fans.
    ——————————————
    Once again a jealous twit that tees himself up to be ridiculed and made a fool of.
    Who’s more obsessed, a willing fan who spends $250 for the bragging rights to say they own a piece of their team or a season ticket holder that foolishly spends thousands of dollars yearly attending games of a team that in 51 years hasn’t delivered and now unwittingly doing the bidding of a greedy owner who’s attempting to get these same stooges to pay for a stadium that will only profit him?

  98. 31teamsarebetterthanthepackers says: Dec 6, 2011 3:03 PM

    We all need to keep in mind that this franchise would not even be in Green Bay if it wasn’t for the public ownership that was “grandfathered” in by the NFL years ago. Otherwise, I am sure we would have been talking about the LA Packers at some point in the past. The fans can say how great they and their franchise are, but just be proud you are not one of them. In the end, who wants to be the butt of all NFL fan jokes? Obviously, packer fans wear this title well.

  99. kadeeu says: Dec 6, 2011 3:35 PM

    What’s really funny is that if this was a real stock sale then each share should be worth around $200 if the team could be sold for $1 billion.

    So it would be a ripoff even if it was real stock! LOL!

  100. jrmbadger says: Dec 6, 2011 3:44 PM

    Update: Packers sold 28,000 shares in the first TWO PLUS HOURS. That’s 7 million dollars in two hours.

    Packer fans REALLY support their team.

  101. jrmbadger says: Dec 6, 2011 3:49 PM

    Thumbs up if you are a proud new owner (or wish you could be one).

    Thumbs down if you are jealous.

  102. mr86ism says: Dec 6, 2011 4:25 PM

    So what do you do?
    You watch football right? Well I actually own the Green Bay Packers.
    Really?!?!?!
    Yea! So what do you say we hop in my focus and hit the nearest super 8?
    What????
    Well I would bring you back yo my place but mom says I cant have guests after 9

  103. teal379 says: Dec 6, 2011 5:05 PM

    It’s cheaper than the NFL Sunday Ticket and lasts a heck of a lot longer.

    Find it interesting that so many here complain about how Packer fans spend their money when they have a closet full of jerseys with some player’s name on the back.

    Jets Favre, MN Moss, KC Montana, San Diego LT etc. – all pretty much useless due to the nature of the game.

    Hmm – I can spend 250 on a stock which allows me to vote for the guys running the show (board of directors – I do have friends on the board BTW) and I get to feel part of the team. Team expands etc or I can drop more money than that on some stupid jersey for a player that will more than likely leave the team due to FA.

    Call Packer stock holders idiots if you want but they voted in the Board of Directors who set the tone for the team. We’re winning and for the most part – people agree set up to continue to win the right way. Via the draft not FA (see the Eagles – no stock, owner blowing millions for that hot garbage)

  104. bobnelsonjr says: Dec 6, 2011 5:50 PM

    When it comes to time for a new stadium or stadium renovations, owners chip in money. The Packers have 112,000 owners (before this sale). The Packers do not have a multi-billionaire owner who can kick in piles of cash.

    The Packers are at an economic disadvantage compared to the rest of owners. Packers fans know that this stock sale will help the team be competitive with the rest of the league in revenues. Lambeau Field will now become an 80,000 capacity stadium in a city of 105,000.

    The team will never move, and never have a Snyder or Glazer run the team into the ground. Nor does any Packers fan have to be a yes man to a franchise king like Al Davis who never opened the books. The books are open for the public to see where the dollars go.

    The Packers owners vote for representatives on the board of directors to represent their wishes in how the team conducts business. Should the stockholders want a new President, GM, or Head Coach, they will let the board know. It IS an ownership voice in team affairs.

    That ownership voice in team affairs will be passed on to my descendants forever as stock can be inherited. 150 years from now a blood relative of mine will be voting on the direction of the Packers. $250 for an eternal voice in Packers affairs is a bargain.

  105. phonecops says: Dec 6, 2011 11:07 PM

    Life long Packer fan here.
    Love the idea, but not buying the stock.
    Not because of principle or anger, just can’t afford it. If they issued more of them for say $50 each, they might make more money.If I had the money, I’d but one. I know it’s practically worthless, but so is my picture of me with The Proclaimers;yet I put that on the wall in my den.
    That being said, it does beat a PSL or tax to generate revenue.

  106. truthserum4u says: Dec 7, 2011 5:13 AM

    @ bobnelsonjr

    Can’t beleive it’s you! Fairly nice post actually.

    One thing seems to be incorrect though.

    “Should the stockholders want a new President, GM, or Head Coach, they will let the board know. It IS an ownership voice in team affairs. ”

    I heard Murphy on a radio interview specifically state the opposite. He didn’t mention President, but definately said stockholders have no voice in GM or Head Coach or team affairs. Just an FYI.

  107. sergisbauer says: Dec 7, 2011 8:22 AM

    The people who criticize this are looking at it in an incredibly simple-minded way. No, of course owning this stock doesn’t make anyone an “owner” in the sense that term is normally used. But think of the term “ownership” in the same way you’d use it for, say, a project– or a problem– at work (“I’m taking ownership of that”) and it’s clear that the people who are buying stock are taking responsibility for the GBP franchise in a very real way: The team has a financial need, and the fans who already have an emotional investment in the team are backing it up with a financial investment. With no greedy “real” owner to suck profits away, they know the money is going to go straight to where it is needed, and benefit the franchise in a tangible way.

    When you think about it as stepping up and taking responsibility for the financial future of the franchise rather than a “what can I get out of this?” attitude, I would say that every Packers fan who put up $250 in this stock issue has more “ownership” of the Packers than Zygi Wilf has of the Vikings.

  108. randomguy9999 says: Dec 28, 2011 9:34 AM

    I’m gonna start printing them and sell them on ebay as packers stock that is not actually stock that isnt actually real….

    using the pack fans’ logic on here, they should sell like hotcakes….

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