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Old 03-01-2012, 11:50 AM   #1
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Hodag alert: Packers Stock or a fool and his money are soon parted

MILWAUKEE -- The Green Bay Packers sold more than 268,000 shares of stock in their most recent stock offering, raising $67 million to help fund stadium improvements, the team said Thursday.

The Packers, the NFL's only publicly owned team, added more than 250,000 new shareholders during the six-week offering, raising the total to more than 360,000 part-owners of the team.

The shares weren't cheap -- they cost $250 each, plus handling fees of $25 in the U.S. and $35 in Canada. They're also essentially worthless.

Packers stock isn't like regular stock. Its value doesn't increase, there are no dividends, it has virtually no re-sale value and it doesn't give buyers any advantage over the 93,000 people on the waiting list for season tickets.

Source.

spanky screwed with this post 03-01-2012 at 01:34 PM
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Old 03-01-2012, 01:36 PM   #2
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Quote:
Originally Posted by spanky View Post
MILWAUKEE -- The Green Bay Packers sold more than 268,000 shares of stock in their most recent stock offering, raising $67 million to help fund stadium improvements, the team said Thursday.

The Packers, the NFL's only publicly owned team, added more than 250,000 new shareholders during the six-week offering, raising the total to more than 360,000 part-owners of the team.

The shares weren't cheap -- they cost $250 each, plus handling fees of $25 in the U.S. and $35 in Canada. They're also essentially worthless.

Packers stock isn't like regular stock. Its value doesn't increase, there are no dividends, it has virtually no re-sale value and it doesn't give buyers any advantage over the 93,000 people on the waiting list for season tickets.

Source.

I like this, that is the fairest way to do "public" financing of stadiums I've heard of. --- Of course it would only work for a few teams. But, the thinking seems to be, if you want to be a part of something, buy in.
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Old 03-01-2012, 01:56 PM   #3
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i know many packer fans and they are proud of the stock that they own for the team. it's not a financial tool but a proud fan thing. they see it as a collective $ thing to get themselves a new stadium.
packer fans feel part of the same family & thus they all kick in to make it happen.
you're not from GB and so you don't get it.

...if you're gonna call some else a moran at least spell it right.
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eakins screwed with this post 03-01-2012 at 02:01 PM
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Old 03-01-2012, 02:12 PM   #4
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.....you're not from GB and so you don't get it.
Yea, right, it makes perfect sense to give your money away to an NFL franchise and get nothing in return.


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...if you're gonna call some else a moran at least spell it right.
Lighten up, Francis. As for the spelling, well, there's a great deal of discourse on the moron/moran wording thing over in JM. It's done totally tongue in cheek. Perhaps you should check it out and edumacate (SIC) yourself otherwise STFU.
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Old 03-01-2012, 05:15 PM   #5
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Yea, right, it makes perfect sense to give your money away to an NFL franchise and get nothing in return.
Stadium improvements that the fans voluntarily contribute to are nothing in return?
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Old 03-01-2012, 07:33 PM   #6
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Packers stock

another success
$68 million in the hat
just asking fans to send in money
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Old 03-01-2012, 07:56 PM   #7
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the new addition adds revenue that is basically another home game a year
go pack
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Old 03-02-2012, 01:26 PM   #8
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Perhaps the Green Bay Packers’ astonishing success at selling their stock shouldn’t have been as big a surprise as it was.

No one expected the team would sell 185,000 shares in the first two days and 268,000 overall, tripling their ownership, but all the elements were in place. The Packers are the most popular team in the NFL, the Internet is the biggest revolution in communications since the printing press, and Packers fans are indefatigable and everywhere.

“The big difference was the ability to sell online. Over 90 percent of sales were online,” Packers president and CEO Mark Murphy said Thursday, the day after the team’s fifth stock sale in 92 years wrapped up.


Preliminary figures show the Packers sold 268,000 shares valued at $67 million, more than the team expected when it launched the sale on Dec. 6 to help pay for a $143 million Lambeau Field expansion now under way. That was about three times more than planned for.


“We tried to be fairly conservative, in the range of $20 million to $25 million, in our budget,” Murphy said.

The Packers said half of the shares were bought by Wisconsin residents (compared to 54 percent in the 1997-98 sale). Illinois and California residents accounted for 8.5 percent of sales each, and Minnesota and Texas for 5 percent each. Canadian fans, who only had a couple days in which to buy, bought 2,000 shares.
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Old 03-02-2012, 01:28 PM   #9
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to be the best
you gotta beat the best

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Old 03-02-2012, 01:44 PM   #10
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How much is this stock worth?

http://sports.yahoo.com/nfl/blog/shu...rn=nfl,wp15909
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Old 03-02-2012, 02:27 PM   #11
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Nothing, really, especially if you're a "Green Boy" (see the link) fan but it was fun to yank hodag's chain. Besides, with football season over there's really nothing else to do until the riding weather improves.

Note to Ho': This was my first ever attempt at trolling and boy, did you ever bite. Man, this was waaaay too easy.
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Old 03-02-2012, 03:46 PM   #12
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. Besides, with football season over there's really nothing else to do until the riding weather improves.
Uh, March Madness, spring training and the run for the Stanley Cup.
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Old 03-02-2012, 07:40 PM   #13
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Nothing, really, especially if you're a "Green Boy" (see the link) fan but it was fun to yank hodag's chain. Besides, with football season over there's really nothing else to do until the riding weather improves.

Note to Ho': This was my first ever attempt at trolling and boy, did you ever bite. Man, this was waaaay too easy.
funny part is i didn't even notice this thread until my thread was merged with it???
i started one pretty happy we raised that much...
jeepers it's "harry bailey" type stuff

a pro sports team says, "the pack is in trouble send money

and whole bunch of people do...
amazing

Hodag screwed with this post 03-02-2012 at 07:45 PM
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Old 03-02-2012, 07:56 PM   #14
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(Ignore the reference to freeflow, from another thread.)

I knew exactly what I was buying. No regrets.

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Old 03-02-2012, 07:58 PM   #15
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How any of you have "limited edition" art prints on your walls? Essentially worthless.
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