A Packers' stock certificate acts as the ultimate piece of fan memorabilia and as a donation to the team. Shareholders are also able to vote for the Packers’ Board of Directors. “Stock in the Packers does not constitute an investment in ‘stock’ in the common sense of the term,” the Packers said in Monday’s announcement.
Full Answer
Is Green Bay Packers stock worth anything?
The Packers will have no obligation to repurchase Green Bay Packers stock from the buyer. Anyone looking to buy Green Bay Packers stock should not purchase the stock to make a profit. That includes receiving a dividend. Any offering of Green Bay Packers stock will only be made through an offering document.
Can I still buy Green Bay Packers stock?
The Packers will have no obligation to repay the amount a buyer pays to purchase Packers stock. 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. Any offering of Packers stock will only be made through an offering document.
How to purchase Packer stock?
Following is a list of details currently available:
- The price per share is $300, and there will be a handling fee.
- The offering currently is limited to persons in the 50 United States and Washington D.C., as well as Guam, Puerto Rico and the U.S. ...
- Shares can be purchased online with credit cards, debit cards, or electronic bank transfers, or by mail with personal check or cashier's check.
Can I buy Packer stock?
“Stock in the Packers does not constitute an investment in ‘stock’ in the common sense of the term,” the Packers noted in a press release about the offering. “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.”
Can you make money on Packers stock?
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.
Is Green Bay Packers stock worth anything?
The stock has no underlying value and cannot be traded on open markets. The last time that the publicly owned, nonprofit Wisconsin corporation that owns the Packers sold shares was in 2011. Earlier Packer stock sales were in 1923, 1935, 1950 and 1997.
What do I get for buying Packers stock?
So what do buyers get from purchasing the Packers stock? Other than helping raise or adding to the $90 million to be used for construction projects at Lambeau Field- which have already been surpassed in the first few hours of the sale- buyers receive a certificate. However, it requires an additional $35 handling fee.
Where do the Packers profits go?
The profits are distributed to all the community "owners" in the form of giant cheeseheads. Most of the money the Packers generate is spent on football operations.
Why is the Packers stock on sale?
The football team states that it will use the money gained from the offering to help ongoing construction projects for the team’s home stadium, Lambeau Field. Among the projects are new video boards and upgrades to the concourse.
Does Packers stock pay dividends?
The stock doesn't pay dividends, nor can it count as a tax deduction when purchased. Packers stock isn't a traditional stock investment—it basically offers nothing but historical and sentimental value.
Where to buy Packers stock
Packers stock can be purchased on the team’s stock portal. The shares are $300 each, and there's also a handling fee. They can be purchased by credit or debit card, electronic bank transfer, or mailed check. Only U.S. citizens can purchase shares, and they can only be purchased individually.
How many stock sales did the Packers have?
Fans have supported the team financially through five stock sales: 1923, 1935, 1950, 1997 and 2011.
How to contact packers shareholder services?
Shareholder Services can be reached via phone at 855-8GO-PACK (855-846-7225) or email at [email protected]. Information is also online at packersowner.com. MISC.
When is the last day to order 2020 Packers collectibles?
For more information, please visit the Lambeau Field Atrium on the day of the Shareholder meeting, or click here to order online: Shareholder Collectible . Last date to order is July 26, 2021 .
When is Packers 2021 meeting?
The 2021 Annual Meeting of Shareholders will be held Monday, July 26, at 11 a.m. in Lambeau Field. Shareholders should receive their meeting materials by mid- to late-June. As pandemic conditions continue to change, any COVID-19 protocols for the meeting will be finalized and posted on packers.com and packersowner.com as the meeting date nears.
Is Green Bay Packers a nonprofit?
Green Bay Packers Inc., has been a publicly owned, nonprofit corporation since Aug. 18, 1923, when original articles of incorporation were filed with Wisconsin's secretary of state. One of the more remarkable business stories in American history, the Green Bay Packers organization has been kept viable by its shareholders — its unselfish fans.
What was the shortcoming of the 1923 Packers?
In 1923, the Packers had one shortcoming — they were broke. On the verge of collapse, the team took advantage of their 1911 founding date and a quirk in the NFL bylaws. With no hope of finding a friendly investor to buy the team, they went with the most dedicated revenue source possible — their fans.
When did the Packers get grandfathered into the NFL?
More stock offerings happened in 1935, 1950, 1997, and 2011. The Packers were grandfathered into the NFL with this unique ownership system, despite it clashing with ownership limitations placed on all new teams. In the 1980s, the NFL made the limits even more stifling.
Is the Green Bay Packers worthless?
Why Green Bay Packers Shares Are Totally Worthless. To say the Green Bay Packers are an outlier in American sports is something of an understatement. The Wisconsin squad represents the only publicly-owned, non-profit team in a major sports league in the United States.
Is the Packers stock worthless?
Packers stock is functionally worthless. The Packers label their slivers of ownership “common stock.”. It pays out no dividends. No equity interest. No ability to trade it. It’s largely a gesture from fans towards the team, a vote of confidence. That isn’t to say that there are no perks at all.
