Green Bay Packers offer team stock, sort of, to Cheesehead nation
Something tells us these ladies and gentlemen might be interested in $250 shares of Packers stock.
December 6th, 2011
11:34 AM ET

Green Bay Packers offer team stock, sort of, to Cheesehead nation

Congratulations, Packers fans! Those of you who've had your fill of Brett Favre bobbleheads and foam hats resembling Swiss cheese can now shell out $250 for something about as worthless.

The front office is billing it as a chance to become a team owner, an opportunity to be part of history, your chance to show you believe in "the great American story." The Green Bay Press-Gazette, on the other hand, is reporting that the team needs $143 million to add 7,000 seats plus a new sound system, scoreboards, entrances and elevators to storied Lambeau Field.

The good news is the Packers are making sure there is a way to receive the certificates by Christmas Eve, but Packers fans may think they're ordering anvils when they see the $25 shipping-and-handling fee. Seriously, what do these things weigh?

I guess if you think about it, the 20th-most valuable sports franchise in the world (at $1.02 billion, according to Forbes) asking average Joes to shell out $250 per stock certificate to help expand a stadium isn't much of a departure from the great American story. What does Occupy Green Bay think of all this?

OK, maybe that was a harsh assessment of the team's first stock offering in almost 15 years, but reading the conditions outlining what you do not get with your purchase makes one wonder, What the heck do you get?

Let's glance at the myriad ways this stock is nothing like a stock: Only individuals can buy it, the Pack has no obligation to pay you back, no one can buy more than 200 shares, you receive no protection from securities laws, the team and NFL "severely restrict" any stock transfer and you should not expect any profit, dividend, tax deduction or economic benefit in general.

There's also this nugget: "Stock in the Packers does not constitute an investment in 'stock' in the common sense of the term." Funny word, that stock.

Oh, and you have to live in the U.S., Guam, Puerto Rico or the U.S. Virgin Islands to buy the, um, stock. I know the Chamorros are running for their checkbooks as we speak.

There are a few fringe benefits, though, even if I giggled when my close friend, a hardcore Cheesehead, instant messaged me this morning to say, "I am now an owner of the green bay packers! i voted to keep rodgers as starting quarterback next week!"

The Press-Gazette reports that those buying the initial allotment of 250,000 shares will be allowed "to vote on team business, including directors, and attend annual meetings. Shareholders do get such perks as exclusive locker room tours."

This is the fifth time in 92 years the defending Super Bowl champs and only publicly owned NFL franchise has asked fans to "come to the team's financial rescue," according to the team website. The Packers doled out more than 4.75 million stock shares with offerings in 1923, 1935, 1950 and 1997.

Kevin Quinn, an economist at St. Norbert College, told the Press-Gazette the 12-by-8-inch certificates were essentially memorabilia and defended those Packers faithful who would shell out a quarter-grand for one.

"It's not the worst thing you could spend your money on. You'd spend the same amount of money on a team jacket and you can't pass that on to the kids," he told the paper, without explaining why you can't pass on a jacket to your children.

So, best of luck, Packers fans. Estimates on how fast they will sell out range from "within minutes" to "never." Green Bay's front office says sales will run through February 29.

(Disclaimer: The author of this post is a Dallas fan who, despite an overtime choke versus the Cards on Sunday, would buy Cowboys stock if Jerry Jones could ever find it in his heart to give up a modicum of control.)

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Filed under: Brett Favre • Economy • Football • Pro football • Sports • U.S. • Wisconsin
soundoff (184 Responses)
  1. hcyclist

    the writer is obviously NOT a Packer fan

    December 6, 2011 at 12:47 pm | Report abuse |
    • Hank A.

      That is why you are suppose to read the disclaimer ...idiot.

      December 6, 2011 at 12:53 pm | Report abuse |
    • marriedup

      @ hcyclist, what gave that nugget of info away that the writer is indeed not a Packers fan? Could it be the disclaimer in his own words? (Disclaimer: The author of this post is a Dallas fan...) Read the article before you post, seriously.

      December 6, 2011 at 12:59 pm | Report abuse |
    • Bri Guy

      hcyclist is obviously NOT versed in reading comprehension.

      December 6, 2011 at 1:18 pm | Report abuse |
  2. SK VA

    There is a definite misunderstanding here from the author who just doesn't get it. Regardless of what it supports and the end of the day we own a piece of the Green Bay Packers. How many people can say they are owners of a professional sports team. Best to all the non-Packer stock holders. –SK VA Owner-Green Bay Packers

    December 6, 2011 at 12:50 pm | Report abuse |
    • ian

      This is owning stock it's not owning the team. Joe Anyone with a certificate for $250 worth of stock is more certainly NOT an owner.

      December 6, 2011 at 12:57 pm | Report abuse |
    • ern

      Since you're a Pack owner, maybe you live in the frozen tundra somewhere and there's some frost on your montior distorting the article or the ability to make inferences from it. It seems somewhat satiracle to me, ie meant to engender a point in a light-hearted or humorous way. Wow, I did that all without a dictionary.

      Oh, and if it's so difficult to transfer "stock", maybe passing on a Pack jacket to loved-oones would actually be easier.

      December 6, 2011 at 1:14 pm | Report abuse |
    • Joshua M. S.

      @ern

      Maybe you should have had one handy, since it's spelled "satirical".

      December 6, 2011 at 4:36 pm | Report abuse |
  3. Jeff

    You sound bitter Eliott. It's not about owning a share, it's about supporting your franchise. Ask the Viqueens how they are supporting their franchise... or helpling pay for their move out West.

    December 6, 2011 at 12:50 pm | Report abuse |
    • Eliott C. McLaughlin

      Definitely am, Jeff. As I said, I'd love to own Cowboys stock, but I can't see it happening. Thanks for reading!

      December 6, 2011 at 12:53 pm | Report abuse |
    • Jordan from Wisconsin... Again

      yeah you have to say thanks for reading because lord knows we all wasted our time.

      You just happened to make me so mad I have to waste my employers time to make fun.

      Go America! Go Eliot! Go!

      December 6, 2011 at 5:33 pm | Report abuse |
    • TrueWisconsin

      Jordan...decaf next time. Seriously.

      December 6, 2011 at 6:09 pm | Report abuse |
  4. Charlie Tuna

    it's better to give money willingly to a cause or idea you want or believe in rather than a city letting a team get all this stuff for nothing at everyones' tax money. It also builds a sense of community which we lack in America anymore.Anyone who pays can say they helped build something for their city. It's Middle America. Texans would not knw it, or the Coasters. behappy for once a community can come together and make their city a pride of a country with their own voluntary money.

    December 6, 2011 at 12:52 pm | Report abuse |
    • PackerstuckinMinny

      Well said Charlie

      December 6, 2011 at 1:14 pm | Report abuse |
    • Sean

      Charlie Tuna is da MAN! Except he's a tuna. But still - excellent points! GO PACK!

      December 6, 2011 at 1:25 pm | Report abuse |
    • j peters

      You offend all of us who support the Packers regardless of where we live. Yes, I am a "Coaster". And yes I am a Packer Fan. I recognize a team of quality, professionalism and ethical conduct that is far superior to most in the league. I choose to support them because of who they are and the skill and "cleaniliness" with which they play. This has nothing to do with where I live. It has to do with a conscious, thinking choice, and a recognition of a great team. Packers rule, and Packers Fans come from everywhere.

      December 6, 2011 at 1:31 pm | Report abuse |
    • Me

      @Jpeters....hahahahahahahahahahahahahahahahahaha....ethical....hahahahahahahahahahahahahahahahahaha.....professionalism....hahahahahahahahahahahaha......"cleaniliness".......hahahahahahahahahahahahahahahahahaha. Man that was some funny stuff, you crack me up!!!

      December 6, 2011 at 2:23 pm | Report abuse |
    • Jerrad

      @Me-Thank you for such a well thought out and coherent contribution to the discussion.

      December 6, 2011 at 3:06 pm | Report abuse |
  5. John

    Whether the purchaser gets something or not isn't the underlying point here. It's an opportunity to support your team (which I happen to be a fan of), and allows the franchise to get support from fans instead of going to the local government and trying to pass some sort of legislation to throw in a tax like so many teams that want a new stadium do. Allow those who care about the team to financially support it, and those who couldn't care less not have to pay for anything. Seems like win-win.

    December 6, 2011 at 12:55 pm | Report abuse |
  6. MeatyPortion

    I am a Wisconsinite and that is, in fact, one of the worst things you could spend your money on.

    December 6, 2011 at 12:56 pm | Report abuse |
    • PackerstuckinMinny

      Ask Walker what he thinks.

      December 6, 2011 at 1:15 pm | Report abuse |
    • TrueWisconsin

      One of the WORST things? Really? There isn't just a tinge of hyperbole in that statement? Surely you understand that not everyone likes the same things...some folks like the Rolling Stones, some like The Beatles. Some folks like football forever remaining in tiny Green Bay Wisconsin, some people like posting pointless, derisive comments on CNN.com.

      Either way, I can't imagine that you believe this to be one of the worst things on which one could possibly spend money. Worse than spending money on a political campaign? Worse than spending money on a bridge to nowhere? Worse than spending money on tax breaks for profitable corporations that move jobs out of the country? Worse than spending money on cigarettes?

      December 6, 2011 at 1:30 pm | Report abuse |
    • Jordan from Wisconsin... Again

      TrueWisconsin, dont get too upset – I blame it on the writer of the article who did a poor job communicating that fans of Green Bay purchase the option because they love their team and enjoy the experience.

      It is swayed writing and if you read it quickly the whole option comes off as a rip (just because the author writes on and demonstrates his perspective – not the perspective of the fans making the purchase)

      December 6, 2011 at 5:42 pm | Report abuse |
    • TrueWisconsin

      Jordan, you really need to find something more calming in your life. It's a light-hearted, fluff piece, not a drill down on Middle East politics. It's also clearly done with tongue in cheek, as there is a full disclaimer stating that the author is a Cowboys fan. You needn't jump to full on assault just because someone doesn't share your opinion on the Packers.

      Correcting mis-information is one thing. What you've engaged in is something different entirely, and all too disturbing.

      December 6, 2011 at 6:15 pm | Report abuse |
  7. Jay

    There are plenty of perks. Just attending one annual team meeting and getting to take a tour of the stadium is worth the $250, plus the benefit of knowing you contributed. It's well worth it.

    December 6, 2011 at 12:59 pm | Report abuse |
  8. yaledelay

    What does Occupy Green Bay think of all this?

    Well lets see, the Packers pay a great wage to employee's (who are union by the way) have no fat car owners getting rich off the team. They don't ask the locals to pick up the bill through raising the taxes on the working man (unlike your Cowboys) and bring in Millions of dollars to the local pubs and resturants around Green Bay.

    I am pretty sure OGB is cool with the Pack.

    December 6, 2011 at 1:00 pm | Report abuse |
    • yaledelay

      and Oh have I mentioned the Cowboys Suck, because they do, they really suck.

      December 6, 2011 at 1:02 pm | Report abuse |
    • Eliott C. McLaughlin

      I was just being silly about OGB, yaledelay, but do Google "Brown County stadium tax" when you get a chance ... and no you didn't mention your thoughts on the 'Boys, but I assumed :) Thanks for commenting!

      December 6, 2011 at 1:12 pm | Report abuse |
    • b

      Not sure why asking locals for some of the money via taxes is such a horrible thing when "millions of dollars" are brought in to the community. Not to mention that taxes are actually used to subsidize some of the Packers various expenditures. But I do agree that OGB probably supports the Packers. How can they not? No one getting rich, local citizens not contributing their share despite reaping the financial benefits the team brings to the community, and the actual Green Bay Packer "workers" (ie players) only work half the year, and only one day a week during that half year period actually counts for anything. Sounds like that's right up OWS' alley.

      December 6, 2011 at 1:40 pm | Report abuse |
    • Jordan from Wisconsin... Again

      he was just being "silly" guys!

      we can chill out.

      Good thing that was in his disclaimer... lol

      you shouldn't comment at all, the story made you look bad – and now it just looks like you are covering your tracks.

      Boo eliot

      December 6, 2011 at 5:44 pm | Report abuse |
  9. Big Brain

    I suppose this is better than imposing a tax that everyone has to pay.....

    December 6, 2011 at 1:01 pm | Report abuse |
  10. Wha???

    Yep. There's a word for the person who buys this.

    Sucker.

    December 6, 2011 at 1:06 pm | Report abuse |
  11. Bob

    Wait, didn't the owners just have a lock out because they needed an additional $1 billion a year for stadium costs?

    December 6, 2011 at 1:12 pm | Report abuse |
  12. Ben

    I am willing to put in 275 bucks to keep it from becoming Miller Field.

    December 6, 2011 at 1:19 pm | Report abuse |
    • FJ59

      Well said Ben

      December 6, 2011 at 3:13 pm | Report abuse |
  13. Kevin Dugan Jr

    The Green Bay Press Gazette. Typical of a Dallas fan to screw up something so easy.

    December 6, 2011 at 1:21 pm | Report abuse |
    • Eliott C. McLaughlin

      Dangit, Kevin. Good catch. My bad. Fixing now. Thanks for commenting!

      December 6, 2011 at 1:24 pm | Report abuse |
  14. P.G

    GREEN BAY PRIDE. If we have to explain it, you don't understand. Say what you wish – we just dont give a ratz a$s what you think anyway, haters.
    Signed
    An Owner

    December 6, 2011 at 1:22 pm | Report abuse |
  15. Shawn

    What a joke, another team scamming its customers. You DO NOT own a piece of the Packers. Period. Owning part of the team would mean the shares would appreciate or pay a dividend or be worth something if the team turned a profit. But, I would rather teams abuse their moron fans than lobby for tax increases. Buy up.

    December 6, 2011 at 1:23 pm | Report abuse |
    • Ben

      umadbro?

      December 6, 2011 at 1:27 pm | Report abuse |
    • TrueWisconsin

      Shawn, the Packers are a non-profit corporation. The Packers create an entire sub-economy in Green Bay, providing a living for many small business owners and individuals. The Packers are a successful NFL franchise in a tiny city that otherwise has no business having a professional sports team at all. And, it is all because of the unique public ownership structure created through the sale of stock, which grants unique voting privileges for the owners.

      Yes, the stockholders do indeed own the team. The Board of Directors is beholden to the decisions of the voting shares. That's a voice that millions of fans of other teams would LOVE to have, but never will.

      December 6, 2011 at 1:35 pm | Report abuse |
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