Then there’s this: According to the rules, you are bound to uphold the conduct principles of other REAL NFL owners and if you don’t, NFL commissioner Roger Goodell has the right to take your shares and fine you up to $500,000.Īgain, it’s right in the documents that Packers fans will quickly agree to today.Īnd after all this, how many do you want to buy?Īccording to the documents, there were more than five million outstanding shares before today’s sale and the average shareholder owned 14 shares! One could argue that the capital improvements to Lambeau Field and the surrounding Packers-owned 'Titletown' area does that indirectly, but it’s not as if there’s any 'thank you' available in the form of any discount anywhere for being a “shareholder” other than going to an annual shareholders meeting and saying “I AM A GREEN BAY PACKERS SHAREHOLDER.” In 1997, as part of allowing the Packers to sell stock for the first time in 17 years, then NFL commissioner Paul Tagliabue stipulated that none of the money raised could go towards player salaries and bonuses. The five-year missing shareholder stipulation is actually in the subscription documents issued Tuesday morning to any prospective investor.īut wait! How cool is it to have that certificate to display! You mean the ones that look just as good with your custom laser printed name that are sold on eBay for $60?īut wait! In this case we are really helping the team! My contribution will directly help the small town Green Bay Packers afford to keep up with player salaries and stay competitive! But that’s only if a shareholder cannot be located for five years and who knows how they’re going to pay it for a missing person. Well, it can be, if the Packers choose to buy it back for 2.5 cents. And although it costs $300, plus $35 for handling to provide the stock certificate, it can’t be sold. It’s genius for the team and, at least financially, asinine for the fans.Īlthough it is called “stock,” it is not regulated by the Securities and Exchange Commission. If the Packers do a similar amount in the first two days this year, they will raise a minimum of $55.5 million. It’s the sixth time the Packers have raised money this way, and the first time in a decade, where in 2011, the team sold 185,000 shares in the first 48 hours. Yet, this morning, thousands upon thousands of Green Bay Packers fans rushed to the team website to complete the documents that would make them an “owner” of the team. NFL Network insider Ian Rapoport reported Friday that the Packers and star wide receiver Davante Adams have "broken off long-term extension talks," just days before the start of training camp.Imagine you are told you can purchase something for $300 that, at most, might be worth 2.5 cents, and if you are found to violate the rules of owning such a piece you can be fined up to $500,000. I just hope everybody plays well, has a good time and plays as a team, because that’s how they’re going to win.” "The last two seasons have left a bitter pill in my mouth. “I just hope they can finish this upcoming season," Steiner said. Steiner, who attended her first shareholders meeting Monday since moving from Minneapolis to Green Bay one year ago, has a similar sentiment. "Aaron or no Aaron, I expect 10 wins or more with the weapons that Jordan Love would have," Battin said. Battin said he looks forward to what many hope will be a winning season. William Battin, a 9-year-old from Chicago, went to the shareholders meeting Monday. "You've got the best fans, you have the best facilities - I mean there's nothing like this in the NFL." "They're not going to find a better place to play," said Bret Iverson, Hertel. One shareholder said he's just trying to stay optimistic. “I have faith in the organization and I think they’ve been doing a great job and will continue to do so," Hall said. "I think every player deserves the right to do it their way too, and eventually, you know, we just believe it'll work out." "I believe in our leadership and I believe they're doing it the right way," said Josh Lichty, Onalaska. Others said they're not too concerned about the situation. "I would say sign him for another year and if he doesn't pan out then trade him," said Gerald Tochterman, Green Bay. Roger's neighborhood, but if we want to make this the 'love shack,' I'm okay with that too," said Tracy Steiner, Green Bay. Kelsey Dickeson Larry Kuciemba, Texas, attended the Packers annual meeting of shareholders Monday morning at Lambeau Field.
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