Hodag alert: Packers Stock or a fool and his money are soon parted

Discussion in 'Sports' started by spanky, Mar 1, 2012.

  1. spanky

    spanky Well, maybe...

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    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.
    #1
  2. Jurgen

    Jurgen Trolljegeren Super Moderator

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    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. :deal
    #2
  3. eakins

    eakins Butler Maps

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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.
    #3
  4. spanky

    spanky Well, maybe...

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    Yea, right, it makes perfect sense to give your money away to an NFL franchise and get nothing in return.


    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.
    #4
  5. bobobob

    bobobob badbadbad

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    Stadium improvements that the fans voluntarily contribute to are nothing in return? :confused
    #5
  6. Hodag

    Hodag native

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    another success
    $68 million in the hat
    just asking fans to send in money
    #6
  7. Hodag

    Hodag native

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    the new addition adds revenue that is basically another home game a year
    go pack
    #7
  8. Hodag

    Hodag native

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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.
    #8
  9. Hodag

    Hodag native

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    to be the best
    you gotta beat the best

    [​IMG]
    #9
  10. bfd70

    bfd70 Been here awhile

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  11. spanky

    spanky Well, maybe...

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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.:lol3
    #11
  12. bobobob

    bobobob badbadbad

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    Uh, March Madness, spring training and the run for the Stanley Cup.
    #12
  13. Hodag

    Hodag native

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    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
    #13
  14. chacha

    chacha CAT Herder

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    (Ignore the reference to freeflow, from another thread.)

    I knew exactly what I was buying. :D No regrets.

    [​IMG]
    #14
  15. mogwai

    mogwai humorless prick

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    How any of you have "limited edition" art prints on your walls? Essentially worthless.:rofl
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  16. spanky

    spanky Well, maybe...

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    :bueller
    #16
  17. bobobob

    bobobob badbadbad

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    I forgot, F1 in two weeks, too.
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  18. Crocodile Tears

    Crocodile Tears Anti-Semantic

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    apparently some of you missed the overall concept and think there is only one thing in life - making money.

    sad.
    #18
  19. Hodag

    Hodag native

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    my Packer stock has performed better since '97 then most of my other investments
    #19
  20. FinlandThumper

    FinlandThumper Has Cake/Eats it Too Super Moderator

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    Wisconsin native and GB fan checking in here, preaching the gospel of green and gold in Northern Europe. :D
    #20