![]() For More Wisconsin Sports News…įollow me on Twitter at mcquadewarnold and follow us more great content. It keeps the team local, it reduces the tax burden inherent in having a major sports franchise present, and it brings transparency to a business that prefers to be steeped in secrecy. The fact of the matter is that the option to buy Packers stock should be the envy of every single other NFL fan. Even with all this being said, Aaron Rodgers had Not to mention the various perks that come along with being an owner, namely the annual shareholders meeting at Lambeau Field every year. Paul area may have liked more of a say in whether or they wanted to fund a 1.1 billion dollar stadium. ![]() The same can be said about the Rams leaving St. To access Green Bay Packers Shareholders products, please enter your Cert Number (Numbers Only), Zip Code (Numbers & Letters Only, No Dashes), and validate with Captcha as shown below. I am sure the fans of the Raiders would have liked some say before they left Oakland. Welcome Green Bay Packers Shareholders Here you will find an extensive collection of specially produced shareholder merchandise. While other franchises routinely seek and receive taxpayer dollars from the surrounding counties, and sometimes state wide, the Green Bay Packers are only taking from those who want to contribute. The stock itself does have zero dollar value, however that doesn’t mean it value-less. Rough take, but is he wrong? Technically no, he absolutely correct. You own a piece of paper that has 0 actual value. Barstoolcat was clearly trying to claim that he owned Aaron Rodgers by owning stock, however Rodgers responded with: Good for the Packers for making money out of thin air by using the idea of the pride associated with local ownership - which was legitimately forged in 1923 when a group of Green Bay businessmen pooled together $5,500 to be able to fund the season - to bait fans into paying for a feeling.Įven though it’s not regulated by the SEC, it’s shocking the SEC even allows such a high-profile business to get away with them calling this puffery a stock.Now, clearly in the midst of the comments Rodgers was defending himself. Then there’s this: According to the rules, you are bound to uphold the conduct principles of other REAL NFL owners and if you don’t, NFL commissioner Roger Goodell has the right to take your shares and fine you up to $500,000.Īgain, it’s right in the documents that Packers fans will quickly agree to today.Īnd after all this, how many do you want to buy?Īccording to the documents, there were more than five million outstanding shares before today’s sale and the average shareholder owned 14 shares! One could argue that the capital improvements to Lambeau Field and the surrounding Packers-owned 'Titletown' area does that indirectly, but it’s not as if there’s any 'thank you' available in the form of any discount anywhere for being a “shareholder” other than going to an annual shareholders meeting and saying “I AM A GREEN BAY PACKERS SHAREHOLDER.” In 1997, as part of allowing the Packers to sell stock for the first time in 17 years, then NFL commissioner Paul Tagliabue stipulated that none of the money raised could go towards player salaries and bonuses. The five-year missing shareholder stipulation is actually in the subscription documents issued Tuesday morning to any prospective investor.īut wait! How cool is it to have that certificate to display! You mean the ones that look just as good with your custom laser printed name that are sold on eBay for $60?īut wait! In this case we are really helping the team! My contribution will directly help the small town Green Bay Packers afford to keep up with player salaries and stay competitive! But that’s only if a shareholder cannot be located for five years and who knows how they’re going to pay it for a missing person. Well, it can be, if the Packers choose to buy it back for 2.5 cents. And although it costs $300, plus $35 for handling to provide the stock certificate, it can’t be sold. It’s genius for the team and, at least financially, asinine for the fans.Īlthough it is called “stock,” it is not regulated by the Securities and Exchange Commission. If the Packers do a similar amount in the first two days this year, they will raise a minimum of $55.5 million. It’s the sixth time the Packers have raised money this way, and the first time in a decade, where in 2011, the team sold 185,000 shares in the first 48 hours. Yet, this morning, thousands upon thousands of Green Bay Packers fans rushed to the team website to complete the documents that would make them an “owner” of the team. Imagine you are told you can purchase something for $300 that, at most, might be worth 2.5 cents, and if you are found to violate the rules of owning such a piece you can be fined up to $500,000.
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