The Packers’ use of fake stock comes with a very real price. Every year, they must give the world a look into the finances of a professional football team.
The books open on Tuesday for the Packers, with their annual report being released on Tuesday afternoon.
The numbers should be up for the fiscal year spanning 2011 through 2012, given that the Packers won the Super Bowl to begin last year and then went 15-1 during the ensuing regular season, the top record in the league.
Along the way, they raised $67 million by selling pieces of paper at $250 each that the team was required by law to explain “does not constitute an investment in ‘stock’ in the common sense of the term,” and that “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.”
So, yeah, it was a good year. Absent some reverse-Enron-style book-cooking, the numbers should reflect that.