Mac the Knife Posted November 9, 2011 Share Posted November 9, 2011 In 1997 I had the privilege of becoming a shareholder of Green Bay Packers, Inc., the storied, community-owned team of the National Football League. And by all reports, within the next week or two, you'll be able to join me.Reported last month, Green Bay Packers, Inc. is apparently putting the final touches on a new stock offering and will get it underway within the next week or two, in hopes of allowing would-be buyers the chance to acquire them for Christmas. What I'm reading is that shares will be $250 each (as opposed to $200 in 1997), and that the offering will be for the remainder of those shares they didn't sell last time around (not sure of the exact number). Proceeds will be used to partially refinance upgrades/modifications of Lambeau Field, also same as fifteen years ago.Whether or not you're a Packers fan (I've become one of sorts after becoming a shareholder, considering them my "third" NFL team if you will, behind the Browns and Steelers), becoming a shareholder has some neat perks attached to it - both well known and not so well known.I plan to pick up a few more shares for my kids (so they don't fight over my shares when I die). If you have the means, I highly recommend picking one up. It is so choice. Link to comment Share on other sites More sharing options...
Gothamite Posted November 9, 2011 Share Posted November 9, 2011 My grandfather bought his shares in 1950. I bought mine, like you, in '97. This year, three more. One for each of my kids. The Green Bay Packers Uniform Database! Now in a handy blog. Link to comment Share on other sites More sharing options...
NJTank Posted November 9, 2011 Share Posted November 9, 2011 I think I may just do this. www.sportsecyclopedia.com For the best in sports history go to the Sports E-Cyclopedia at http://www.sportsecyclopedia.com Link to comment Share on other sites More sharing options...
Luigi Posted November 9, 2011 Share Posted November 9, 2011 can you become a shareholder if you live outside of the US? My fantasy teams: West Coast Cardinals (WRU), Glasgow Claymores (RLI) (Champions 2012) and Pemberton Foresters (VBL) Link to comment Share on other sites More sharing options...
Mac the Knife Posted November 9, 2011 Author Share Posted November 9, 2011 can you become a shareholder if you live outside of the US?Sure. Link to comment Share on other sites More sharing options...
Luigi Posted November 9, 2011 Share Posted November 9, 2011 can you become a shareholder if you live outside of the US?Sure.Awesome! now I know what to ask for christmas! My fantasy teams: West Coast Cardinals (WRU), Glasgow Claymores (RLI) (Champions 2012) and Pemberton Foresters (VBL) Link to comment Share on other sites More sharing options...
pcgd Posted November 9, 2011 Share Posted November 9, 2011 I'm a bears fan but my brother and his wife are big Packers fans. I may buy them one of these for Christmas cause they would never buy it on their own. $250 is a lot for a piece of paper, I know there are some perks but its still more a piece of memorabilia.If the Bears were like the Packers I already would have a share I'm sure! Link to comment Share on other sites More sharing options...
GatorHunter Posted November 9, 2011 Share Posted November 9, 2011 i read a article saying they had 280,000 shares available to sell, but they dont know how many they will actually make available. Link to comment Share on other sites More sharing options...
Gothamite Posted November 9, 2011 Share Posted November 9, 2011 That's what they had left after the last stock sale. If they want to raise the entire $143 million, at the rumored $250 a pop, they would need to sell 572,000, but that would involve a stock split, which they don't want to do.I suspect that they may make something like 100,000 or 150,000 available for sale, so they have something left for the future. That would still raise up to $37,500,000. The Green Bay Packers Uniform Database! Now in a handy blog. Link to comment Share on other sites More sharing options...
Mac the Knife Posted November 9, 2011 Author Share Posted November 9, 2011 I know there are some perks but its still more a piece of memorabilia.I for one have been offered $1,000 for the share certificate. Not the share, but just that piece of paper. So at least in theory there's something valuable in it aside from as something to frame on the wall. Link to comment Share on other sites More sharing options...
infrared41 Posted November 9, 2011 Share Posted November 9, 2011 I'm already planning on buying a few. I want a shareholders Super Bowl ring. Link to comment Share on other sites More sharing options...
Gothamite Posted November 9, 2011 Share Posted November 9, 2011 Actually, I think what you describe is proof that it has high value "as something to frame on the wall", since that's all they would get for the $1,000.Real shareholders get additional value, from the right to attend and vote at meetings to the ability to buy special Super Bowl rings. Your purchasers would acquire none of that. All they were asking for was a piece of paper, to frame on the wall. The Green Bay Packers Uniform Database! Now in a handy blog. Link to comment Share on other sites More sharing options...
CubsFanBudMan Posted November 9, 2011 Share Posted November 9, 2011 Mac, you seem to be advocating that we consider picking up a share. I have, but it doesn't seem to have the actual value of even a share of a minor league baseball team I know that does a similar thing (and also most recently in 1997). My understanding is that you are paying for a piece of paper and voting rights. And the renovations. Sounds cool, though.Care to share what some of the "not so well known" perks are with someone on the fence?EDIT: Looks like Gothamite posted some while I was typing. Thanks. Any others? Link to comment Share on other sites More sharing options...
Jer15 Posted November 9, 2011 Share Posted November 9, 2011 I've been waiting for this opportunity to come along for some time. My dad is a huge Packers fan and I can't think of a better gift to get him. GTA United(USA) 2015 + 2016 USA Champions/Toronto Maroons (ULL)2014, 2015 + 2022 Gait Cup Champions/Toronto Northmen (TNFF) Link to comment Share on other sites More sharing options...
Neon_Matrix Posted November 9, 2011 Share Posted November 9, 2011 Will they be selling it from their website or another source? Because Korbyn Is Colour Blind, My Signature Is Now Idiot Proof - Thanks Again Braden!!Go Leafs Go! Link to comment Share on other sites More sharing options...
TFoA Posted November 9, 2011 Share Posted November 9, 2011 Holy I'm too excited for this. Link to comment Share on other sites More sharing options...
Gothamite Posted November 9, 2011 Share Posted November 9, 2011 Will they be selling it from their website or another source?They will need a full offering circular approved by the Securities and Exchange Commission. I presume that the sale itself will be conducted by a securities broker, as was the prior stock sale.That having been said, I also presume that there will at least be a link from the Packers' main site and/or the Packers Pro Shop. Same as they do with the Super Bowl XLV rings, which are actually sold by Jostens via a portal on the PPS. The Green Bay Packers Uniform Database! Now in a handy blog. Link to comment Share on other sites More sharing options...
charger77 Posted November 9, 2011 Share Posted November 9, 2011 How do we go about doing this? Also, when will they become available? PotD May 11th, 2011looooooogodud: June 7th 2010 - July 5th 2012 Link to comment Share on other sites More sharing options...
Gothamite Posted November 9, 2011 Share Posted November 9, 2011 The SEC hasn't yet approved the sale.Trust me, when they're available, you'll know. The Green Bay Packers Uniform Database! Now in a handy blog. Link to comment Share on other sites More sharing options...
charger77 Posted November 9, 2011 Share Posted November 9, 2011 Got ya.Also, how many shares does it take to get a ring if they win a Superbowl? PotD May 11th, 2011looooooogodud: June 7th 2010 - July 5th 2012 Link to comment Share on other sites More sharing options...
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