Just in time for the Holidays, the Green Bay Packers are offering their fans the opportunity to become a stockholder in the only community-owned, non-profit professional sports team in America.
Many a Packers fan will see their dream of team ownership granted this holiday season, at a not-so-inexpensive cost of $250 per “share.” Money received from the stock sale will be used to finance another Lambeau Field expansion project, already underway in some cases.
As a current stockholder, I don’t feel the need to be adding to my “stake”, so instead, I’ll just watch from afar and welcome aboard all my new fellow owners.
Full information will be released on December 6th. Here are the details currently available from Packers.com:
- The price per share will be $250, and there will be a handling charge.
- The offering will be limited to persons in the United States, as well as Guam, Puerto Rico and the U.S. Virgin Islands.
- Until regulators in the states of New Hampshire and Virginia allow the offering to proceed in those states, residents of those states will not be able to purchase shares.
- Shares will be able to be purchased online with credit or debit cards, and also via mail.
- Only individuals (including spouses as joint tenants) will be able to purchase shares.
- The Packers will initially offer 250,000 shares.
- No one may buy more than 200 shares (counting any shares that the person purchased in the 1997-1998 offering).
- The offering will continue until Feb. 29, 2012, subject to extension.
In contemplation of the offering, interested fans should note:
- Stock in the Packers does not constitute an investment in “stock” in the common sense of the term.
- 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.
- The Packers believe offerees and purchasers of Packers stock will not receive the protection of securities laws with respect to any offering or sale of Packers stock.
- The Packers bylaws and NFL rules severely restrict transfers of Packers stock.
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Jersey Al Bracco is the founder and editor of AllGreenBayPackers.com, and the co-founder of Packers Talk Radio Network. He can be heard as one of the Co-Hosts on Cheesehead Radio and is the Green Bay Packers Draft Analyst for Drafttek.com.
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Man, I WISH I could afford it… Seriously bummed. Life in perpetual Graduate school does not a millionaire make. Sigh…
You could attempt to sell shares in Bearmeat stock for $25 dollars/share. Get ten people to purchase a non-controlling, non-profit share in you, and you can then invest in a share of Packers stock.
Nice Oppy. That made my night.
new owner here got for a xmas present….
Thanks for posting this reminder, Al. Last time around, wife, kids and I all bought stock, and have never regretted it. I will do the same in my blog this week.
I have a few questions for those out there who may already own shares.
1. Can you put more than one name on the certificate? Is that what joint tenants applies to?
2. Do you need to be a GB shareholder to attend the shareholders meeting? And is it restricted to one person per share?
3. Any other Packer events to shareholders only?
Thanks
1) yes, but from how it’s worded, it seems to me the second person can only be a spouse.
2) You need to be a shareholder to get tickets to the meeting and other events that day (you get up to 5). If you have one of those tickets, you can attend wheter you really are a shareholder ot not. (I’ve given mine away the last few years to other fans that wanted to attend).
3) That day is pretty much it, although there was also a shareholders-only section of the Pro Shop online. Not sure if that is still the case.
Thanks for the info Al.
There is still a Shareholder-only part of the Pro Shop online. I have ordered some stuff fairly recently.
So you get 5 tickets to the shareholders meeting per share? I just bought one share (joint) and I want to make sure both my husband and I can attend the shareholders meeting.
Unless they change it after this stock offering, you can bring your husband and 3 others as well.
How do the shares pass down in the event of owner death? Could I pass it on to my nephew?
yes, it’s like any other asset. Many people have in their will who gets the stock. It can’t be sold, but it can be bequeathed (i think that’s the right term…).
Thanks Al.
So what it comes down to is that I’m helping finance an increase in revenue for millionaires, but I’ll get nothing in return for my 250. P.T Barnum was right there truely is a sucker born every minute.Use the money to pay down your credit card bill.
A true sucker is one whom has a credit card bill.
What do the stockholders get aside from the honor of being a Green Bay Packer stockholder?
Jersey Al;
When is the 2012 Shareholders meeting?
no date yet, but it’s always around the first week of training camp.
Jersey Al – Thanks for the reply. It seems to be on Thursdays in July…Merry Christmas to you.
Packer fan forever. Thanks to my brother we are both
shareholders. Please e-mail shareholders meeting info for 2012 when its available. We both have never
been to Packers meca.GO PACK GO. Please include links of accomadations and resturants. thank kevin
We are now proud owners of Green Bay Packer Stock, a pretty awesome Christmas gift from our children. Love my Packers and my home town of Green Bay.
as a new stock holder I am having troble finding the date for the stock holders meeting could someone please E mail me the info. thank you [email protected]
When is the 2012 shareholder meeting?
Hasn’t been announced yet…
When will they sell shares again? I desperately want to buy! Thank you.