When Bob and Doug McKenzie sing their own version of the 12 days of Christmas later this year, they can replace the “beer . . . in a tree” with something that costs significantly more — but that actually has less value than a can of their Strange Brew.
One share of Packers stock.
Yes, folks in Canada can now buy a piece of the Packers. (Previously, folks were relegated to smuggling certificates across the border, perhaps trading them for a big bottle of Deux Deux Deuxs.)
“Since launching our sale in the United States, we’ve received a lot of interest from our fans in Canada,” Packers President/CEO Mark Murphy said in a team-issued release. “After receiving approval from the NFL, we have now clarified the regulatory requirements in Canada and are excited to offer ownership to our fans there.”
The price continues to be 250 U.S. dollars per share, with a per-transaction processing fee of 35 U.S. dollars for folks in Canada.
The stock remains available through February 29. A total of 17,000 shares remain; all proceeds will fund a $143 million renovation of Lambeau Field.
And here are the various disclaimers that the Packers are required by U.S. and Canadian law to mention, as copied and pasted from the release:
1. Stock in the Packers does not constitute an investment in “stock” in the common sense of the term.
2. The Packers have no obligation to repay the amount a buyer pays to purchase Packers stock.
3. 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.
4. The offering of Packers stock in Canada is made only through the Canadian offering document.
5. Purchasers of Packers stock will not receive the protection of Canadian or other securities laws with respect to any offering or sale of Packers stock.
6. The Packers bylaws and NFL rules severely restrict transfers of Packers stock.
So, yeah, Bob and Doug may prefer the beer in a tree. Especially if the sheet of paper says “Green Boy Packers.” Or if it doesn’t show up in the mail by the 12th day of Christmas.