Blog Entry

How to buy Green Bay Packers stock (right now!)

Posted on: December 6, 2011 11:01 am
 
By Will Brinson

If you've always wanted to be a partial owner of an NBA team, but just didn't have the mustache money to make it happen, you have your chance on Tuesday. The Green Bay Packers are currently offering up for sale 250,000 individual shares of the team's stock for $250.

We previously mentioned that the stock would go on sale Tuesday, and it can now be purchased at PackersOwner.com.

We should note precisely what the website notes, which is "common stock does not constitute an investment in 'stock' in the common sense of the term." Which, put more simply, means you're not making an "investment" per se. If you purchase one of these shares, you shouldn't expect the Packers to win another Super Bowl and then get a bunch of dividends in return.

Instead, you're going to "help fund the Lambeau Field expansion project."

But it's not all just donating. You will be "invited to shareholder meetings and have voting privileges." Each piece of stock also comes with its own $25 "handling fee," so that's something too. (Wait, that's bad. Nevermind. But it's there.)

And the Packers, per their Offering Document, can actually offer up to 880,000 shares this time around, depending on how well the shares sell on Tuesday.

Basically, it boils down to the idea that the Packers are a publicly-owned company, they need money to make their awesome stadium even more awesome and they're offering fans a chance to "buy in" to the company just 19 days before the biggest gift-giving day of the entire year.

If you're a life-long Packers fan, it's a pretty cool thing to hop on, because you'll end up getting a locker room tour and a nifty little certificate that says you're an owner of the NFL's only publicly-run franchise.

Just don't think you're going to end up making any money out of it, or get to tell Mike McCarthy when he should go for two.

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Comments

Since: Dec 29, 2006
Posted on: December 6, 2011 1:25 pm
 

How to buy Green Bay Packers stock (right now!)

So if my math is right:

$275 (250 each + 25 fee) and 250,000 shares

That means the Packers could pull in $68.75 million dollars with this sale?

Seriously? And you get nothing. I wonder if you could write off this as an investment loss?




Since: Dec 26, 2010
Posted on: December 6, 2011 1:05 pm
 

How to buy Green Bay Packers stock (right now!)

The only thing good about this is it is good for toilet paper.  And thats very expensive toilet paper.



Since: Oct 4, 2006
Posted on: December 6, 2011 12:58 pm
 

How to buy Green Bay Packers stock (right now!)

It is awful what they are doing to Packer fans.  If you read the document BEFORE buying the stock, it basically tells you you have no chance of any profit sharing opportunities and that you have insignificant voting rights.  So they are pretty much selling you a piece of paper that says you are a citizen of Packers Nation, and nothing else.



Since: May 20, 2011
Posted on: December 6, 2011 12:28 pm
 

How to buy Green Bay Packers stock (right now!)

Doesn't anyone proofread anymore? It seems that my 6th grade son produces fewer errors than many professional journalists these days. What's next?

Here's an idea: "their going to sell Packers stocks"
or: "they're in Green Bay, stock in an NHL team will be souled"
or: "I've met several Green Bay Packer's players, but I don't remember there names".

Do it right or don't do it.

Sincerely,

Frustrated in Iowa.




Since: Dec 2, 2007
Posted on: December 6, 2011 12:18 pm
 

How to buy Green Bay Packers stock (right now!)

Seriously CBS, does anyone in your organization proofread ANYTHING YOU PUT ON THIS SITE?????  Allow me to put on my 4th grade teacher hat and tell you:  "you aught to be ashamed".  it really is pathetic though.



Since: May 20, 2011
Posted on: December 6, 2011 12:18 pm
 

How to buy Green Bay Packers stock (right now!)

NBA? Did you write the article on your Droid? Does anyone proof read anything these days? 20 years ago, you would have never seen such errors in journalism.



Since: Jul 6, 2007
Posted on: December 6, 2011 12:16 pm
 

How to buy Green Bay Packers stock (right now!)

NB*************A owner???? I wouldnt give them a cent of my money. Change it immediately!!! The NFL does not need to be offended like this any longer! F the NBA. Go Packers!!!!!!



Since: Feb 4, 2008
Posted on: December 6, 2011 11:44 am
 

How to buy Green Bay Packers stock (right now!)

Partial NBA owner?


The views expressed in this blog are solely those of the author and do not reflect the views of CBS Sports or CBSSports.com