![]() "This is something so incredibly unique and special for any professional sport. "It wasn't even a question whether or not I was going to buy it," Morrall says. Today's TMJ4 "Road Warrior" traffic reporter Caitlin Morrall also took advantage of the stock offering and used it as a way to bond with her father, with whom she co-owns the stock. Muenster isn't the only celebrity that owns a piece of the team. I've always referred to the Packers as 'us.' Now I can prove it!" The opportunity to be a part of the only publicly owned franchise is huge. "Being a Packers fan is one of my first memories. "I grew up in the shadows of Lambeau Field," Muenster recalls. A rabid Packers fan "since birth" Muenster couldn't wait to write the check. Seymour native Matt Muenster is the host of cable television's "Bath Crashers" on the DIY Network. So what possesses someone who otherwise seems perfectly sane to fork over hundreds of dollars to a professional sports franchise that has been valued by Forbes at $1.09 billion for a piece of paper with no intrinsic value? In other words, you give us your $250, and you get a nice sheet of paper and an invitation to come (at your own expense) to the annual shareholders meeting where Mark Murphy and Ted Thompson address you from afar. The Packers bylaws and NFL rules severely restrict transfers of Packers stock. 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. Any offering of Packers stock will only be made through an offering document. 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. The Packers will have no obligation to repay the amount a buyer pays to purchase Packers stock. ![]() Stock in the Packers does not constitute an investment in "stock" in the common sense of the term. Stated in plain daylight on the ordering website, it says: I would say look at the fine print, but the organization has made it abundantly clear that what you are purchasing is, indeed, a virtually worthless parchment. However, don't get any ideas about that giving you any special privileges. To quantify exactly what paradigm shifted since 1997 no one knows for sure, but this time around, the franchise cannot seemingly keep up with the demand for a piece of paper that says you own the most storied franchise in football.įor those that have purchased stock, that is indeed what you are an owner of the Green Bay Packers. In 1997, the proceeds went toward the renovation of venerable Lambeau Field, a stadium that had long been past due for serious renovation or replacement altogether. Previous offerings (held in 1923, 19) literally saved the franchise from going under financially. After all, the last time such an offering was made in 1997, the stock did not come close to selling out (120,010 shares were sold for $200 per share), despite a very recent Super Bowl championship. 6, many wondered how the sale would fare. When the Green Bay Packers offered stock for just the fifth time in their history on Dec. But no matter how you look at it, it is literally a license to print money. If the fans are willing to contribute their cash to the cause with nothing but a piece of paper and an invitation to the annual shareholders meeting in return, that’s their right.Yet to so many, it is priceless. Indeed, it’s amazing that other teams haven’t found a way to shave off a few percentage points of equity for a similar money-for-nothing deal. But that doesn’t keep people from buying it. The Packers bylaws and NFL rules severely restrict transfers of Packers stock.” Consider the language of the official release from the team announcing that the sixth stock sale in franchise history, which commences on Tuesday, November 16: “Stock in the Packers does not constitute an investment in ‘stock’ in the common sense of the term. And the certificate becomes the ultimate piece of memorabilia, an official license to say “we” when referring to victories and defeats.īut don’t take my word for it. They are a publicly owned corporation.Īs publicly-owned corporations go, the Packers are also unique. ![]() As NFL teams go, the Packers have a unique structure.
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