Is anyone here a Green Bay Packers owner? (1 Viewer)

[Raider Nation]

Don't spend that dividend check all in one place.

 

[Michael Fox Fan]

Were you dropped on your head a lot as a kid?

 

[ookook]

Green Bay Packer owners could totally kick the #### of the Raiders' owner.

Totally.

 

[Maroney=Speed]

Were you dropped on your head a lot as a kid?

Can someone please explain to Mr.Fox. I don't want to spell anything wrong.Thanks

 

[King of the Wolfies]

I wonder when the last time a share was actually sold. I'd love to own a share.

 

[Michael Fox Fan]

Were you dropped on your head a lot as a kid?

Can someone please explain to Mr.Fox. I don't want to spell anything wrong.Thanks

Maroney = genius, I grew up in Green Bay. Nothing needs to be explained.

 

[Maroney=Speed]

Were you dropped on your head a lot as a kid?

Can someone please explain to Mr.Fox. I don't want to spell anything wrong.Thanks

Maroney = genius, I grew up in Green Bay. Nothing needs to be explained.

No, you really don't get it. If you do than why would you say this, 'Were you dropped on your head a lot as a kid'?

 

[Michael Fox Fan]

Were you dropped on your head a lot as a kid?

Can someone please explain to Mr.Fox. I don't want to spell anything wrong.Thanks

Maroney = genius, I grew up in Green Bay. Nothing needs to be explained.

No, you really don't get it. If you do than why would you say this, 'Were you dropped on your head a lot as a kid'?

seriously dude, give up now. you're just reinforcing your reputation.

 

[Maroney=Speed]

Were you dropped on your head a lot as a kid?

Can someone please explain to Mr.Fox. I don't want to spell anything wrong.Thanks

Maroney = genius, I grew up in Green Bay. Nothing needs to be explained.

No, you really don't get it. If you do than why would you say this, 'Were you dropped on your head a lot as a kid'?

seriously dude, give up now. you're just reinforcing your reputation.

Please explain, this way will both know.

 

[Raider Nation]

Were you dropped on your head a lot as a kid?

Probably. What does that have to do with anything? I saw a really cool piece on NFL Films yesterday about the thousands of Packer share holders. Most GMs and personnel staff give talks at the beginning of the year to a few important people. But they showed Ted Thompson and Bob Harlan addressing the throng of bloodthirsty GB share holders. They have to answer all the questions and concerns of someone who had $5 worth of Packer stock.Fun times.I liked when they showed the receptionist at Packer headquarters taking a call from someone who wanted to get on the list for season tickets, and he thought that being a shareholder would bump him up in line. No dice. The guy is now number 69,155 on the waiting list.

 

[Michael Fox Fan]

Were you dropped on your head a lot as a kid?

Probably. What does that have to do with anything? I saw a really cool piece on NFL Films yesterday about the thousands of Packer share holders. Most GMs and personnel staff give talks at the beginning of the year to a few important people. But they showed Ted Thompson and Bob Harlan addressing the throng of bloodthirsty GB share holders. They have to answer all the questions and concerns of someone who had $5 worth of Packer stock.Fun times.I liked when they showed the receptionist at Packer headquarters taking a call from someone who wanted to get on the list for season tickets, and he thought that being a shareholder would bump him up in line. No dice. The guy is now number 69,155 on the waiting list.

I was just messing with you. The comment about dividends could have been interpreted as a snarky "are you people idiots for buying stock, or what?" type comment. It's definitely a strange phenomena. The shareholders meeting is probably a lot like a Berkshire Hathaway gathering - except Buffett's shareholders have stock that actually has value and pays dividends. Maroney = laughingstock: are you satisfied now?

 

[Maroney=Speed]

Were you dropped on your head a lot as a kid?

Probably. What does that have to do with anything? I saw a really cool piece on NFL Films yesterday about the thousands of Packer share holders. Most GMs and personnel staff give talks at the beginning of the year to a few important people. But they showed Ted Thompson and Bob Harlan addressing the throng of bloodthirsty GB share holders. They have to answer all the questions and concerns of someone who had $5 worth of Packer stock.Fun times.I liked when they showed the receptionist at Packer headquarters taking a call from someone who wanted to get on the list for season tickets, and he thought that being a shareholder would bump him up in line. No dice. The guy is now number 69,155 on the waiting list.

I was just messing with you. The comment about dividends could have been interpreted as a snarky "are you people idiots for buying stock, or what?" type comment. It's definitely a strange phenomena. The shareholders meeting is probably a lot like a Berkshire Hathaway gathering - except Buffett's shareholders have stock that actually has value and pays dividends. Maroney = laughingstock: are you satisfied now?

No I thought Maroney=Tool or John. Don't worry I still like you.

 

[Phurfur]

I wonder when the last time a share was actually sold. I'd love to own a share.

It was right after the SB win in 1997. Shares were sold to help finance the stadium renovation. GB had to get permission from the NFL to sell these addition shares.

 

[Raider Nation]

I wonder when the last time a share was actually sold. I'd love to own a share.

It was right after the SB win in 1997. Shares were sold to help finance the stadium renovation. GB had to get permission from the NFL to sell these addition shares.

Yeah, it was a pretty fascinating story. They first sold stock in the 1920's to raise money so they could avoid having the team fold. Unless I'm mistaken, Packer stock has never yielded a dividend. But I'm sure making money is the last reason someone would own that stock. It's more a source of pride.

 

[Michael Fox Fan]

Yeah, it was a pretty fascinating story. They first sold stock in the 1920's to raise money so they could avoid having the team fold. Unless I'm mistaken, Packer stock has never yielded a dividend. But I'm sure making money is the last reason someone would own that stock. It's more a source of pride.

You are correct, never yielded a dividend.

 

[Phurfur]

Were you dropped on your head a lot as a kid?

Probably. What does that have to do with anything? I saw a really cool piece on NFL Films yesterday about the thousands of Packer share holders. Most GMs and personnel staff give talks at the beginning of the year to a few important people. But they showed Ted Thompson and Bob Harlan addressing the throng of bloodthirsty GB share holders. They have to answer all the questions and concerns of someone who had $5 worth of Packer stock.

Fun times.

I liked when they showed the receptionist at Packer headquarters taking a call from someone who wanted to get on the list for season tickets, and he thought that being a shareholder would bump him up in line. No dice. The guy is now number 69,155 on the waiting list.

I was just messing with you. The comment about dividends could have been interpreted as a snarky "are you people idiots for buying stock, or what?" type comment. It's definitely a strange phenomena. The shareholders meeting is probably a lot like a Berkshire Hathaway gathering - except Buffett's shareholders have stock that actually has value and pays dividends.

Maroney = laughingstock: are you satisfied now?

You obviously have no idea about the beginnings of the NFL. Stock was purchased by the fans to save the team. Because of them GB, a city of just over 100,000 people, has their own NFL Franchise. If you are interested here is a link on how this came about. http://www.packers.com/history/fast_facts/stock_history/

 

[Raider Nation]

From Wikipedia:

The Packers are now the only publicly owned company with a board of directors in American professional sports. Typically, a team is owned by one person, partnership, or corporate entity; thus, a "team owner." It has been speculated that this is one of the reasons the Green Bay Packers have never been moved from the city of Green Bay, a city of only 102,313 people as of the 2000 census.Based on the original "Articles of Incorporation for the Green Bay Football Corporation" put into place in 1923, if the Packers franchise were to have been sold, after the payment of all expenses, any remaining money would go to the Sullivan Post of the American Legion in order to build "a proper soldier's memorial." This stipulation was enacted to ensure the club remained in Green Bay and that there could never be any financial enhancement for the shareholders. At the November 1997 annual meeting, shareholders voted to change the beneficiary from the Sullivan-Wallen Post to the Green Bay Packers Foundation, which makes donations to many charities and institutions throughout Wisconsin. In 1950, the Packers held a stock sale to again raise money to support the team. In 1956, area voters approved the construction of a new city owned stadium. As with its predecessor, the new field was named City Stadium, but after the death of founder Lambeau in 1965, on September 11, 1965, the stadium was renamed Lambeau Field. Another stock sale occurred late in 1997 and early in 1998. It added 105,989 new shareholders and raised over $24 million, money used for the Lambeau Field redevelopment project. Priced at $200 per share, fans bought 120,010 shares during the 17-week sale. As of June, 2005, 112,015 people (representing 4,750,934 shares) can lay claim to a franchise ownership interest. Shares of stock include voting rights, but the redemption price is minimal, no dividends are ever paid, the stock cannot appreciate in value - though private sales often exceed the face value of the stock, and stock ownership brings no season ticket privileges. No shareholder may own over 200,000 shares, a safeguard to ensure that no individual can assume control of the club. To run the corporation, a board of directors is elected by the stockholders. The board of directors in turn elect a seven-member Executive Committee (officers) of the corporation, consisting of a president, vice president, treasurer, secretary and three members-at-large. The president is the only officer to draw compensation; the rest of the committee is sitting "gratis." The team's elected president represents the Packers in NFL owners meetings unless someone else is designated. During his time as coach, Vince Lombardi generally represented the team at league meetings in his role as general manager, except at owners-only meetings. Green Bay is the only team with this form of ownership structure in the NFL; such ownership is technically in direct violation of league rules, which stipulate a limit of 32 owners of one team and one of those owners having a minimum 30% stake. However, the Packers corporation was grandfathered when the NFL's current ownership policy was established, and are thus exempt.

 

[Michael Fox Fan]

Were you dropped on your head a lot as a kid?

Probably. What does that have to do with anything? I saw a really cool piece on NFL Films yesterday about the thousands of Packer share holders. Most GMs and personnel staff give talks at the beginning of the year to a few important people. But they showed Ted Thompson and Bob Harlan addressing the throng of bloodthirsty GB share holders. They have to answer all the questions and concerns of someone who had $5 worth of Packer stock.

Fun times.

I liked when they showed the receptionist at Packer headquarters taking a call from someone who wanted to get on the list for season tickets, and he thought that being a shareholder would bump him up in line. No dice. The guy is now number 69,155 on the waiting list.

I was just messing with you. The comment about dividends could have been interpreted as a snarky "are you people idiots for buying stock, or what?" type comment. It's definitely a strange phenomena. The shareholders meeting is probably a lot like a Berkshire Hathaway gathering - except Buffett's shareholders have stock that actually has value and pays dividends.

Maroney = laughingstock: are you satisfied now?

You obviously have no idea about the beginnings of the NFL. Stock was purchased by the fans to save the team. Because of them GB, a city of just over 100,000 people, has their own NFL Franchise. If you are interested here is a link on how this came about. http://www.packers.com/history/fast_facts/stock_history/

If you are referring to me, you need to read the thread and get a clue. The "phenomena" I'm referring to is crazy people clustering together at a shareholders' meeting. NOT the issue of dividends.Scroll up - I GREW UP IN GREEN BAY. Are you dense? I GET WHY PEOPLE BUY STOCK IN THE PACKERS - MY FATHER HAS SHARES.

Unreal. But thanks for the history lesson.

 

[Raider Nation]

Were you dropped on your head a lot as a kid?

Probably. What does that have to do with anything? I saw a really cool piece on NFL Films yesterday about the thousands of Packer share holders. Most GMs and personnel staff give talks at the beginning of the year to a few important people. But they showed Ted Thompson and Bob Harlan addressing the throng of bloodthirsty GB share holders. They have to answer all the questions and concerns of someone who had $5 worth of Packer stock.

Fun times.

I liked when they showed the receptionist at Packer headquarters taking a call from someone who wanted to get on the list for season tickets, and he thought that being a shareholder would bump him up in line. No dice. The guy is now number 69,155 on the waiting list.

I was just messing with you. The comment about dividends could have been interpreted as a snarky "are you people idiots for buying stock, or what?" type comment. It's definitely a strange phenomena. The shareholders meeting is probably a lot like a Berkshire Hathaway gathering - except Buffett's shareholders have stock that actually has value and pays dividends.

Maroney = laughingstock: are you satisfied now?

You obviously have no idea about the beginnings of the NFL. Stock was purchased by the fans to save the team. Because of them GB, a city of just over 100,000 people, has their own NFL Franchise. If you are interested here is a link on how this came about. http://www.packers.com/history/fast_facts/stock_history/

If you are referring to me, you need to read the thread and get a clue. The "phenomena" I'm referring to is crazy people clustering together at a shareholders' meeting. NOT the issue of dividends.Scroll up - I GREW UP IN GREEN BAY. Are you dense? I GET WHY PEOPLE BUY STOCK IN THE PACKERS - MY FATHER HAS SHARES.

Unreal. But thanks for the history lesson.

Calm down, Michael. You're shaking.

 

[Maroney=Speed]

From Wikipedia:

The Packers are now the only publicly owned company with a board of directors in American professional sports. Typically, a team is owned by one person, partnership, or corporate entity; thus, a "team owner." It has been speculated that this is one of the reasons the Green Bay Packers have never been moved from the city of Green Bay, a city of only 102,313 people as of the 2000 census.Based on the original "Articles of Incorporation for the Green Bay Football Corporation" put into place in 1923, if the Packers franchise were to have been sold, after the payment of all expenses, any remaining money would go to the Sullivan Post of the American Legion in order to build "a proper soldier's memorial." This stipulation was enacted to ensure the club remained in Green Bay and that there could never be any financial enhancement for the shareholders. At the November 1997 annual meeting, shareholders voted to change the beneficiary from the Sullivan-Wallen Post to the Green Bay Packers Foundation, which makes donations to many charities and institutions throughout Wisconsin. In 1950, the Packers held a stock sale to again raise money to support the team. In 1956, area voters approved the construction of a new city owned stadium. As with its predecessor, the new field was named City Stadium, but after the death of founder Lambeau in 1965, on September 11, 1965, the stadium was renamed Lambeau Field. Another stock sale occurred late in 1997 and early in 1998. It added 105,989 new shareholders and raised over $24 million, money used for the Lambeau Field redevelopment project. Priced at $200 per share, fans bought 120,010 shares during the 17-week sale. As of June, 2005, 112,015 people (representing 4,750,934 shares) can lay claim to a franchise ownership interest. Shares of stock include voting rights, but the redemption price is minimal, no dividends are ever paid, the stock cannot appreciate in value - though private sales often exceed the face value of the stock, and stock ownership brings no season ticket privileges. No shareholder may own over 200,000 shares, a safeguard to ensure that no individual can assume control of the club. To run the corporation, a board of directors is elected by the stockholders. The board of directors in turn elect a seven-member Executive Committee (officers) of the corporation, consisting of a president, vice president, treasurer, secretary and three members-at-large. The president is the only officer to draw compensation; the rest of the committee is sitting "gratis." The team's elected president represents the Packers in NFL owners meetings unless someone else is designated. During his time as coach, Vince Lombardi generally represented the team at league meetings in his role as general manager, except at owners-only meetings. Green Bay is the only team with this form of ownership structure in the NFL; such ownership is technically in direct violation of league rules, which stipulate a limit of 32 owners of one team and one of those owners having a minimum 30% stake. However, the Packers corporation was grandfathered when the NFL's current ownership policy was established, and are thus exempt.

Thanks. Mr.Fox you are now in the know. Making fun or trying to make fun of me. Didn't work out to well for you did it?

 

[Phurfur]

Were you dropped on your head a lot as a kid?

Probably. What does that have to do with anything? I saw a really cool piece on NFL Films yesterday about the thousands of Packer share holders. Most GMs and personnel staff give talks at the beginning of the year to a few important people. But they showed Ted Thompson and Bob Harlan addressing the throng of bloodthirsty GB share holders. They have to answer all the questions and concerns of someone who had $5 worth of Packer stock.

Fun times.

I liked when they showed the receptionist at Packer headquarters taking a call from someone who wanted to get on the list for season tickets, and he thought that being a shareholder would bump him up in line. No dice. The guy is now number 69,155 on the waiting list.

I was just messing with you. The comment about dividends could have been interpreted as a snarky "are you people idiots for buying stock, or what?" type comment. It's definitely a strange phenomena. The shareholders meeting is probably a lot like a Berkshire Hathaway gathering - except Buffett's shareholders have stock that actually has value and pays dividends.

Maroney = laughingstock: are you satisfied now?

You obviously have no idea about the beginnings of the NFL. Stock was purchased by the fans to save the team. Because of them GB, a city of just over 100,000 people, has their own NFL Franchise. If you are interested here is a link on how this came about. http://www.packers.com/history/fast_facts/stock_history/

If you are referring to me, you need to read the thread and get a clue. The "phenomena" I'm referring to is crazy people clustering together at a shareholders' meeting. NOT the issue of dividends.Scroll up - I GREW UP IN GREEN BAY. Are you dense? I GET WHY PEOPLE BUY STOCK IN THE PACKERS - MY FATHER HAS SHARES.

Unreal. But thanks for the history lesson.

I am responding to the comment "are you people idiots for buying stock, or what?" I even high lighted it so you wouldn't be confused. So you grew up in GB, who cares, everyone in GB is not a Packer Fan. If you father is a share holder why don't you ask him if he is an idiot? So no I am not dense but I do wonder what your objective is.

 

[Michael Fox Fan]

Calm down, Michael. You're shaking.

The meds haven't been working since I left Spin City.

 

[Raider Nation]

Were you dropped on your head a lot as a kid?

Probably. What does that have to do with anything? I saw a really cool piece on NFL Films yesterday about the thousands of Packer share holders. Most GMs and personnel staff give talks at the beginning of the year to a few important people. But they showed Ted Thompson and Bob Harlan addressing the throng of bloodthirsty GB share holders. They have to answer all the questions and concerns of someone who had $5 worth of Packer stock.

Fun times.

I liked when they showed the receptionist at Packer headquarters taking a call from someone who wanted to get on the list for season tickets, and he thought that being a shareholder would bump him up in line. No dice. The guy is now number 69,155 on the waiting list.

I was just messing with you. The comment about dividends could have been interpreted as a snarky "are you people idiots for buying stock, or what?" type comment. It's definitely a strange phenomena. The shareholders meeting is probably a lot like a Berkshire Hathaway gathering - except Buffett's shareholders have stock that actually has value and pays dividends.

Maroney = laughingstock: are you satisfied now?

You obviously have no idea about the beginnings of the NFL. Stock was purchased by the fans to save the team. Because of them GB, a city of just over 100,000 people, has their own NFL Franchise. If you are interested here is a link on how this came about. http://www.packers.com/history/fast_facts/stock_history/

If you are referring to me, you need to read the thread and get a clue. The "phenomena" I'm referring to is crazy people clustering together at a shareholders' meeting. NOT the issue of dividends.Scroll up - I GREW UP IN GREEN BAY. Are you dense? I GET WHY PEOPLE BUY STOCK IN THE PACKERS - MY FATHER HAS SHARES.

Unreal. But thanks for the history lesson.

I am responding to the comment "are you people idiots for buying stock, or what?" I even high lighted it so you wouldn't be confused. So you grew up in GB, who cares, everyone in GB is not a Packer Fan. If you father is a share holder why don't you ask him if he is an idiot? So no I am not dense but I do wonder what your objective is.

You really need to go back and read his comment in its proper context.I'm just sayin'.

 

[Michael Fox Fan]

Were you dropped on your head a lot as a kid?

Probably. What does that have to do with anything? I saw a really cool piece on NFL Films yesterday about the thousands of Packer share holders. Most GMs and personnel staff give talks at the beginning of the year to a few important people. But they showed Ted Thompson and Bob Harlan addressing the throng of bloodthirsty GB share holders. They have to answer all the questions and concerns of someone who had $5 worth of Packer stock.

Fun times.

I liked when they showed the receptionist at Packer headquarters taking a call from someone who wanted to get on the list for season tickets, and he thought that being a shareholder would bump him up in line. No dice. The guy is now number 69,155 on the waiting list.

I was just messing with you. The comment about dividends could have been interpreted as a snarky "are you people idiots for buying stock, or what?" type comment. It's definitely a strange phenomena. The shareholders meeting is probably a lot like a Berkshire Hathaway gathering - except Buffett's shareholders have stock that actually has value and pays dividends.

Maroney = laughingstock: are you satisfied now?

You obviously have no idea about the beginnings of the NFL. Stock was purchased by the fans to save the team. Because of them GB, a city of just over 100,000 people, has their own NFL Franchise. If you are interested here is a link on how this came about. http://www.packers.com/history/fast_facts/stock_history/

If you are referring to me, you need to read the thread and get a clue. The "phenomena" I'm referring to is crazy people clustering together at a shareholders' meeting. NOT the issue of dividends.Scroll up - I GREW UP IN GREEN BAY. Are you dense? I GET WHY PEOPLE BUY STOCK IN THE PACKERS - MY FATHER HAS SHARES.

Unreal. But thanks for the history lesson.

I am responding to the comment "are you people idiots for buying stock, or what?" I even high lighted it so you wouldn't be confused. So you grew up in GB, who cares, everyone in GB is not a Packer Fan. If you father is a share holder why don't you ask him if he is an idiot? So no I am not dense but I do wonder what your objective is.

Reading comprehension down? Raider Nation started a thread...joking about shareholders spending their dividends. I thought he was picking on Packer shareholders, implying "are you guys idiots or something for buying stock?" Plenty of other people have asked that question in threads before. So I gave him grief about it. Then Maroney jumped in. Because he's a tool.So.....I wasn't confused in the least, at any point in time. For some reason, other people seem to think that I'm anti-Packer shareholders. Obviously that's just stupid.

 

[Phurfur]

Were you dropped on your head a lot as a kid?

Probably. What does that have to do with anything? I saw a really cool piece on NFL Films yesterday about the thousands of Packer share holders. Most GMs and personnel staff give talks at the beginning of the year to a few important people. But they showed Ted Thompson and Bob Harlan addressing the throng of bloodthirsty GB share holders. They have to answer all the questions and concerns of someone who had $5 worth of Packer stock.

Fun times.

I liked when they showed the receptionist at Packer headquarters taking a call from someone who wanted to get on the list for season tickets, and he thought that being a shareholder would bump him up in line. No dice. The guy is now number 69,155 on the waiting list.

I was just messing with you. The comment about dividends could have been interpreted as a snarky "are you people idiots for buying stock, or what?" type comment. It's definitely a strange phenomena. The shareholders meeting is probably a lot like a Berkshire Hathaway gathering - except Buffett's shareholders have stock that actually has value and pays dividends.

Maroney = laughingstock: are you satisfied now?

You obviously have no idea about the beginnings of the NFL. Stock was purchased by the fans to save the team. Because of them GB, a city of just over 100,000 people, has their own NFL Franchise. If you are interested here is a link on how this came about. http://www.packers.com/history/fast_facts/stock_history/

If you are referring to me, you need to read the thread and get a clue. The "phenomena" I'm referring to is crazy people clustering together at a shareholders' meeting. NOT the issue of dividends.Scroll up - I GREW UP IN GREEN BAY. Are you dense? I GET WHY PEOPLE BUY STOCK IN THE PACKERS - MY FATHER HAS SHARES.

Unreal. But thanks for the history lesson.

I am responding to the comment "are you people idiots for buying stock, or what?" I even high lighted it so you wouldn't be confused. So you grew up in GB, who cares, everyone in GB is not a Packer Fan. If you father is a share holder why don't you ask him if he is an idiot? So no I am not dense but I do wonder what your objective is.

Reading comprehension down? Raider Nation started a thread...joking about shareholders spending their dividends. I thought he was picking on Packer shareholders, implying "are you guys idiots or something for buying stock?" Plenty of other people have asked that question in threads before. So I gave him grief about it. Then Maroney jumped in. Because he's a tool.So.....I wasn't confused in the least, at any point in time. For some reason, other people seem to think that I'm anti-Packer shareholders. Obviously that's just stupid.

I didn't know the history. It is very hard to determine intent in these threads. Generally, unless the emotion is shown it is hard to tell if someone is being sarcastic or they just don't have a clue.

 

[moleculo]

this thread is awesome.

 

[Tough As Nails]

I GET WHY PEOPLE BUY STOCK IN THE PACKERS - MY FATHER HAS SHARES.

Serious question...what good does it do to have more than one share? It's not like a traditional stock. It doesn't pay dividends and cannot increase in monetary value. It also cannot be resold or redistributed. You also are prevented from owning more than a certain amount (like 100,000 or something) so you can't collect them and take more control of the team or anything like that. So owning 1 is the same as owning 100. Right? Or am I totally missing something?

 

[phillyphan07]

I GET WHY PEOPLE BUY STOCK IN THE PACKERS - MY FATHER HAS SHARES.

Serious question...what good does it do to have more than one share? It's not like a traditional stock. It doesn't pay dividends and cannot increase in monetary value. It also cannot be resold or redistributed. You also are prevented from owning more than a certain amount (like 100,000 or something) so you can't collect them and take more control of the team or anything like that. So owning 1 is the same as owning 100. Right? Or am I totally missing something?

you could give them to your kids... brag at the bar... sell them in a private sale (as alluded to in the wiki-article)... maybe you just like the packers and wanted to help build the stadium? I think the stock sale is a lot cooler than seat licenses and other fundraisers...

 

[Michael Fox Fan]

Serious question...what good does it do to have more than one share? It's not like a traditional stock. It doesn't pay dividends and cannot increase in monetary value. It also cannot be resold or redistributed. You also are prevented from owning more than a certain amount (like 100,000 or something) so you can't collect them and take more control of the team or anything like that. So owning 1 is the same as owning 100. Right? Or am I totally missing something?

Serious answer - it's purely so people can say "I own shares". That's it.

 

[Interseptopus]

Thanks. Mr.Fox you are now in the know. Making fun or trying to make fun of me. Didn't work out to well for you did it?

 

[flapgreen]

Maroney=the T###

 

[ditka85]

Maroney=Ignore

 

[Tough As Nails]

I GET WHY PEOPLE BUY STOCK IN THE PACKERS - MY FATHER HAS SHARES.

Serious question...what good does it do to have more than one share? It's not like a traditional stock. It doesn't pay dividends and cannot increase in monetary value. It also cannot be resold or redistributed. You also are prevented from owning more than a certain amount (like 100,000 or something) so you can't collect them and take more control of the team or anything like that. So owning 1 is the same as owning 100. Right? Or am I totally missing something?

you could give them to your kids... brag at the bar... sell them in a private sale (as alluded to in the wiki-article)... maybe you just like the packers and wanted to help build the stadium? I think the stock sale is a lot cooler than seat licenses and other fundraisers...

Serious answer - it's purely so people can say "I own shares". That's it.

Pretty much what I thought. Thanks. I get the appeal. It's "cool" to Packer fans...but that's it.

 

[Interseptopus]

Maroney=Ignore

I like that one

 

[Maroney=Speed]

Maroney=Ignore

I like that one

 

[bcr8f]

What NFL team, when their owner sits to watch the game, occupies over 50,000 seats?

 

[Rodeojones]

Maroney=the T###

Maroney=Ignore

 

[Iron_Far]

So who pockets the profits from the team if there are no dividends?

 

[sho nuff]

So who pockets the profits from the team if there are no dividends?

Quick answer...well...nobody.All proceeds from the team go to the team to pay salaries (board members, president, GM, coach, stadium bills...well, whatever the city/state are not picking up).I think they set aside quite a bit as well.If the team ever were to fold...it cannot be moved. All assets would be sold off with proceeds being donated to a local charity(ies) (I think St. Vincent De Paul was one of them for a while...not positive).And I have no clue how much of this is accurate...just my quick recollection of a few things.

 

[Team Tosh]

From Wikipedia:

The Packers are now the only publicly owned company with a board of directors in American professional sports. Typically, a team is owned by one person, partnership, or corporate entity; thus, a "team owner." It has been speculated that this is one of the reasons the Green Bay Packers have never been moved from the city of Green Bay, a city of only 102,313 people as of the 2000 census.Based on the original "Articles of Incorporation for the Green Bay Football Corporation" put into place in 1923, if the Packers franchise were to have been sold, after the payment of all expenses, any remaining money would go to the Sullivan Post of the American Legion in order to build "a proper soldier's memorial." This stipulation was enacted to ensure the club remained in Green Bay and that there could never be any financial enhancement for the shareholders. At the November 1997 annual meeting, shareholders voted to change the beneficiary from the Sullivan-Wallen Post to the Green Bay Packers Foundation, which makes donations to many charities and institutions throughout Wisconsin. In 1950, the Packers held a stock sale to again raise money to support the team. In 1956, area voters approved the construction of a new city owned stadium. As with its predecessor, the new field was named City Stadium, but after the death of founder Lambeau in 1965, on September 11, 1965, the stadium was renamed Lambeau Field. Another stock sale occurred late in 1997 and early in 1998. It added 105,989 new shareholders and raised over $24 million, money used for the Lambeau Field redevelopment project. Priced at $200 per share, fans bought 120,010 shares during the 17-week sale. As of June, 2005, 112,015 people (representing 4,750,934 shares) can lay claim to a franchise ownership interest. Shares of stock include voting rights, but the redemption price is minimal, no dividends are ever paid, the stock cannot appreciate in value - though private sales often exceed the face value of the stock, and stock ownership brings no season ticket privileges. No shareholder may own over 200,000 shares, a safeguard to ensure that no individual can assume control of the club. To run the corporation, a board of directors is elected by the stockholders. The board of directors in turn elect a seven-member Executive Committee (officers) of the corporation, consisting of a president, vice president, treasurer, secretary and three members-at-large. The president is the only officer to draw compensation; the rest of the committee is sitting "gratis." The team's elected president represents the Packers in NFL owners meetings unless someone else is designated. During his time as coach, Vince Lombardi generally represented the team at league meetings in his role as general manager, except at owners-only meetings. Green Bay is the only team with this form of ownership structure in the NFL; such ownership is technically in direct violation of league rules, which stipulate a limit of 32 owners of one team and one of those owners having a minimum 30% stake. However, the Packers corporation was grandfathered when the NFL's current ownership policy was established, and are thus exempt.

That's pretty interesting. I think it's part of what makes the Green Bay Packers such a special franchise. I wish I would have had $200 back then to buy a share. I was just starting college and therefore only had money for beer and smokes at the time.

 

[remote controller]

I bought a share!!!!!

 

[whole-show]

This all sounds like it is a ploy to motivate Bre......oh never mind