The corporation says that the stock sales are necessary to fund projects that benefit the fans since the team doesn't have a wealthy owner like most other professional sports teams. Most buyers tend to buy one share per person. Article continues below advertisement History of the Packers shareholders
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.”
What is the point of owning Packers stock?
It gives them a financial advantage, which could be helpful on the field. Poorer teams sometimes are unable to meet the full salary cap—the maximum a team can pay its players in a given season—giving an advantage to wealthier teams.
Is buying Packers stock a good investment?
Unlike traditional stock that might pay dividends or fluctuate in value, or actually trade on an exchange, the Green Bay stock does absolutely nothing at all. The offering document explains that the “stock” does not constitute an investment. It can't be sold or traded, and the Green Bay Packers will never buy it back.
What good is Packers stock?
Technically, it is worthless. Yet to so many, it is priceless. But no matter how you look at it, Packers "stock" is literally a license to print money. Technically, it is worthless.
Can you buy a share of the Green Bay Packers?
Only individuals (including spouses as joint tenants) are able to purchase shares; individuals can purchase shares as a gift for other individuals. The offering documents and purchasing information for the U.S. and Canada are available online at www.packersstock.com.
Does Packers stock go up in value?
Unlike a normal piece of stock such as Tesla or Apple, you cannot sell your Packers shares, they don't increase or decrease in value, and they don't afford you any voting power. So basically, you're just buying a symbolic piece of ownership of the four-time Super Bowl champions.
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.
How do I become a shareholder of the Green Bay Packers?
Only individuals (including spouses as joint tenants) are able to purchase shares; individuals can purchase shares as a gift for other individuals. The Packers are offering 300,000 shares. No one may buy more than 200 shares (counting any shares that the person purchased in the 1997-1998 and 2011-2012 offerings).
Do Packers shareholders get dividends?
Stock in the Packers is not a financial investment. It does not pay dividends and cannot be resold. Shareholders do have the right to vote for directors and other items during the team's annual meeting in July.
Do Packers shareholders get Super Bowl rings?
The shareholders' official rings for men and women feature several elements of the club's Super Bowl ring, including an exclusive brand on the crown. Personalization options are also available in a variety of metal and stone options.
ninja Numbnuts
I don’t get why someone would pay $300 + $35 shipping and handling to buy a piece of paper worth $.025 maximum. Sounds crazy and stupid to me. Unless these people are actually selling it underground with cryptocurrency on the dark web or something. Maybe GB chicks dig guys with these stock certificates.
DFWJC Well-Known Member
Well, you gain a tiny fraction of ownership and get to vote your shares.
dogberry Well-Known Member
Could Frisco or Arlington buy out Jerry and pay him in this kind of security?
Tabascocat Dexternjack
What’s a mere $300 to brag about being a part-owner of the GB Packers? That line might actually work in select bars
Rockport AmberBeer
I don’t get why someone would pay $300 + $35 shipping and handling to buy a piece of paper worth $.025 maximum. Sounds crazy and stupid to me. Unless these people are actually selling it underground with cryptocurrency on the dark web or something. Maybe GB chicks dig guys with these stock certificates.
ninja Numbnuts
They’re Packers fans. They were a chunk of cheese on their heads. They’re locked up inside for 6 months of the year. It’s all they got.
daboyzruleperiod "We Are Penn State"
If I'm not mistaken, this is the 6th time they've done this. They're using the stock money for upgrades to the stadium etc.... They've raised $25 million the first day.
Why do the Packers have stock?
The Packers stock program is something of an anomaly in professional sports. Because they don’t have a super wealthy owner or donor club backing them , the NFL lets them have these stock offerings in order to raise funds for the franchise. In this case, it’s $90 million dollars in estimated stock funding for reported Lambeau Field improvements.
How many shareholders does the Packers have?
There are currently 360,760 shareholders who own a total of 5,011,558 shares of the Wisconsin franchise.
When did the Packers go public?
The first time the Packers “went public” was in 1923, for $5 a share, just to keep the team afloat. Back then, however, buying five shares or more also came with a box seat for every home game.
Is the Green Bay Packers going public?
For the first time in 10 years, and the sixth time in franchise history, the Packers are, figuratively, going public. For $300 a share, the green and gold fan in your life can own Green Bay Packers stock.
Is a team's share worthless?
The shares are, financially, worthless. That is to say, the shares will hold virtually no value, are not transferrable or tradable, nor will they pay dividends or give owners any practical voting right on virtually any aspect of the team. The shares themselves are basically just pieces of paper.
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.
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.
How many shares can a person hold in the first place?
One common criticism of these shares is the lack of traditional voting rights. No one person is allowed to hold more than 200,000 shares in the first place, but there isn’t much reason to own more than one.
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.
Do the Packers have common stock?
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.
Do shareholders get perks at the company?
That isn’t to say that there are no perks at all. Shareholders get invites to a yearly meeting with the front office and access to shareholder-only merchandise.
Do people own the Packers?
Thousands of people own the Packers. Their fans regularly pitch in to clear snow and perform general maintenance tasks. It’s a feel-good situation, for the most part. The catch? Those Packers shares are totally worthless.
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.
Green Bay Packers stock price
The price per share for a sixth Packers stock offering hasn't been set yet. The Green Bay Press Gazette said that the 2011 price was $250 per share. The offering was popular and approved in all 50 states. Initially, 250,000 shares were offered with an additional 30,000 shares offered due to the offering’s popularity.
History of the Packers shareholders
The team calls itself “one of the more remarkable business stories in American history” because it has been funded by its fan base through stock sales in 1923, 1935, 1950, 1997, and 2011. The last stock sale of the Packers ended on February 29, 2012.
How do the Packers use stock sale proceeds?
According to NFL regulations, the money raised through a stock sale can only be used to fund stadium projects that will benefit the team's fans. This means that operating expenses aren't approved for stock sale funds or expansions of player facilities, according to Mark Murphy, the Packers President and CEO.
What is the Green Bay Packers offering fans?
The Green Bay Packers are offering fans the chance to buy “stock” in the team
Does stock ownership have any benefits?
In a word, nothing. According to Darren Rovell of the Action Network, stock ownership comes with no benefits. It doesn’t get you a discount on anything at the stadium or any of the surrounding stores or restaurants. It doesn’t get you any kind of priority for tickets.
Can you resell a stock that is 25 cents?
The stock even only carries an actual monetary value of 25 cents. It can’t be resold and the only way to get rid of it is if the Packers can’t find you for 5 years, in which case they can buy the stock back for a quarter.
Can the Packers use stock sales to pay players?
The first time the Packers did this, the league ruled that the team can’t use the money they raise from stock sales to pay player salaries or bonuses.
