Own a Piece of Paper Implying Stock That Has No True Value Yet Ceremoniously Says You Own a Piece of the Packers. Or Don't. What Do I Care.

I don't think people are buying a share with the intent of being a major player in the decision making of the team.

Don't people understand this is more of a souvenir?

I don't think people are buying a share with the intent of being a major player in the decision making of the team.

You forget the fantasy football mentality that some fans have and they actually believe they should have a 'say' for their $250. It's a fun gimmick to say you are part owner of a team. If you want to do it, do so. If not, keep it moving. Must everything devolve into a debate?

Any investor with a modicum of knowledge about financial markets would be outraged at this, including me.

Stock is equity in a company entitling you to a share of the profits. Green Bay is calling this a Common Stock - which is a specific financial term - and then saying on the page that it doesn't entitle you to any profits.

It's incredibly confusing, even if the Packers didn't intend to deceive.

Don't people understand this is more of a souvenir?

You can't refer to it as Common Stock then.

And I'm sure there's a good many people reading this thread and rolling their eyes at the outrage over this, but I'd bet a lot of money that the SEC will have a problem with this.

The stock offering document reads this:

THE COMMON STOCK HAS NOT BEEN APPROVED OR RECOMMENDED BY THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE OR INTERNATIONAL REGULATORY AUTHORITY NOR HAS THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE OR INTERNATIONAL REGULATORY AUTHORITY APPROVED THIS OFFERING OR THE TERMS OF THIS OFFERING. FURTHERMORE, THESE AUTHORITIES HAVE NOT CONFIRMED THE ACCURACY OR DETERMINED THE ADEQUACY OF THIS DOCUMENT. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

This is simply a fundraiser to raise money for stadium upgrades. It is NOT an investment in ownership of the team.

Jeez. I never suspected this would cause such a response. I thought it was pretty common knowledge that the Packers every several years or so sell "souvenir stock" for lack of a better word.

Any investor with a modicum of knowledge about financial markets would be outraged at this, including me.

Stock is equity in a company entitling you to a share of the profits. Green Bay is calling this a Common Stock - which is a specific financial term - and then saying on the page that it doesn't entitle you to any profits.

It's incredibly confusing, even if the Packers didn't intend to deceive.


Well said.

If you call something a Common Stock and charge 250 dollars for it many people will believe it is worth something. Its purely a souvenir and a fund raising gimmick, which is fine, but to not clearly disclose that is deceptive.

And I'm sure there's a good many people reading this thread and rolling their eyes at the outrage over this, but I'd bet a lot of money that the SEC will have a problem with this.

Why? They tell you that is non voting common stock....many companies have this .The price fluxuates and if it goes up ....you make a profit...as with other stocks,you just have no voting rights,what's the problem?

P.S....also a question, does it pay a dividend .....most don't but some have.