for display only
Big Blue Interactive The Corner Forum  
Back to the Corner

Archived Thread

Green Bay Packers Stock Offering...

MeanBunny : 12/7/2021 10:49 am
I was bitching and moaning about the terrible 2021 Giants, which are worse than 2020's version of Giants. My brother, who lives in Wisconsin, took pity on me and sent me ONE SHARE of the Pack. What an awesome gift and what a great team. Now I can root for at least a team that belongs in NFL.
Unlike crappy reticent owners (Mara) just running the show at least the Pack appear to spread the ownership.
If we only had this, but with voting options we could can Mara and Gettleman and kill contracts with deadbeats.
Mara's family traditions is akin to a lousy old Italian restaurant serving old spaghetti when cuisine has moved on to organics or something. Let's look back at remind him that the NFL had to save the Giants in the early 70s because the Mara family had no effing clue how to win in the largest media market. These Mara folks think they have an amazing tradition when they have been in the league since the get go and win every 10 years. I would look to Kraft or GB or Baltimore for more ideas than think your family runs a good club.
I kind of think these  
section125 : 12/7/2021 10:54 am : link
Packer stocks offered to the public are placebos without any consequence besides getting fresh capital for the team. IIRC, they are just pieces of paper without value.
RE: I kind of think these  
KentGraham : 12/7/2021 10:56 am : link
In comment 15485214 section125 said:
Quote:
Packer stocks offered to the public are placebos without any consequence besides getting fresh capital for the team. IIRC, they are just pieces of paper without value.


Exactly, they’re not real… just a symbolic overpriced piece of paper.
Cool story,  
Mad Mike : 12/7/2021 10:58 am : link
bro.
Come back when you have something of value...  
BamaBlue : 12/7/2021 11:15 am : link
like a seat license.
Sorry but  
superspynyg : 12/7/2021 11:18 am : link
your brother sounds like an asshole.

Your a fan of another team that is not doing well so he sends you a share of a semi rival team that is winning.

Id rather have the cash.
RE: Sorry but  
MeanBunny : 12/7/2021 12:16 pm : link
Wow, you guys are really mean
RE: RE: Sorry but  
section125 : 12/7/2021 12:18 pm : link
In comment 15485345 MeanBunny said:
Quote:
Wow, you guys are really mean


Says the guy whose handle is MeanBunny - ironic!
It’s a scam just like the National star registry.  
bwitz : 12/7/2021 12:23 pm : link
Nothing but a meaningless piece of paper.
RE: I kind of think these  
Greg from LI : 12/7/2021 12:27 pm : link
In comment 15485214 section125 said:
Quote:
Packer stocks offered to the public are placebos without any consequence besides getting fresh capital for the team. IIRC, they are just pieces of paper without value.


Exactly. The Packers stock pays no dividend and doesn't provide the shareholders with any voting rights. It's basically a donation to the team.
RE: RE: I kind of think these  
Scyber : 12/7/2021 12:36 pm : link
In comment 15485364 Greg from LI said:
Quote:
In comment 15485214 section125 said:


Quote:


Packer stocks offered to the public are placebos without any consequence besides getting fresh capital for the team. IIRC, they are just pieces of paper without value.



Exactly. The Packers stock pays no dividend and doesn't provide the shareholders with any voting rights. It's basically a donation to the team.


You do get voting rights.
NY fans  
HomerJones45 : 12/7/2021 1:06 pm : link
What a jaded bunch. Fans of a team that sold PSL's and has a "marketplace" where you too can pay thousands for the privilege of forking over even more dough for a ticket deriding fans of a small town team who willingly pony up $300 to buy a "stock certificate" in order to finance stadium improvements to a legendary historic ballpark. SMH

Enjoy the Jersey Cement Pile. You jaded characters deserve it.
 
christian : 12/7/2021 1:21 pm : link
The Packers are community owned, and from time-to-time have these sales, which are fundraisers. This is nothing more than them selling memorabilia to fans to raise money.

The alternative is the team lobby for public money through tax breaks or bonds.

Same as PSLs, this is the team going to the fans and not burdening the greater public to help pay for capital investments.
Such a scam  
bronxct1 : 12/7/2021 1:27 pm : link
These stock offerings are such a scam. It's like naming a star.
RE: I kind of think these  
bradshaw44 : 12/7/2021 1:28 pm : link
In comment 15485214 section125 said:
Quote:
Packer stocks offered to the public are placebos without any consequence besides getting fresh capital for the team. IIRC, they are just pieces of paper without value.


They use them to finance important shit, like their stadium maintenance. While they have no resale value, they help the team, and they are used for good purposes.

I believe they also donate some to charitable organizations as well.
RE: RE: RE: I kind of think these  
Greg from LI : 12/7/2021 1:52 pm : link
In comment 15485374 Scyber said:
Quote:

You do get voting rights.


Very, very limited, to the point it is meaningless. You get to go to the annual shareholder meeting, that's about it.
Back to the Corner