Of course, you can also plan to rectify this the next time the Packers announce a stock offering, but until then, consider providing direction in this regard through your estate planning documents. This can be factored into your estate plan to avoid future conflict, or you can transfer your share(s) to your preferred recipient while you are still alive. If you have more than one Packers fan in your family, this is potentially going to be the source of an argument. Dear Shareholders, Every year when we put together this Annual Report, I reflect on the previous year’s challenges, achievements and opportunities. While most shareholders own a single share of the stock, many also have more than one heir who would like to inherit that share. VISION STATEMENT To become and remain the standard of excellence against which all other organizations in professional sports. This can be a major source of conflict within families if no direction as to the stock is given in the will. Upon the demise of the shareholder, the share(s) must ultimately be transferred via an affidavit as part of the decedent's estate. For shareholders of the Green Bay Packers, this can also include a determination as to which heir receives the share(s) of stock. Good for the Packers for making money out of thin air by using the idea of the pride associated with local ownership - which was legitimately forged in 1923 when a group of Green Bay businessmen pooled together $5,500 to be able to fund the season - to bait fans into paying for a feeling.Įven though it’s not regulated by the SEC, it’s shocking the SEC even allows such a high-profile business to get away with them calling this puffery a stock.Many people include specific directions as to whom should receive certain items, such as a wedding ring, watch, or family heirloom, within their estate planning. Then there’s this: According to the rules, you are bound to uphold the conduct principles of other REAL NFL owners and if you don’t, NFL commissioner Roger Goodell has the right to take your shares and fine you up to $500,000.Īgain, it’s right in the documents that Packers fans will quickly agree to today.Īnd after all this, how many do you want to buy?Īccording to the documents, there were more than five million outstanding shares before today’s sale and the average shareholder owned 14 shares! One could argue that the capital improvements to Lambeau Field and the surrounding Packers-owned 'Titletown' area does that indirectly, but it’s not as if there’s any 'thank you' available in the form of any discount anywhere for being a “shareholder” other than going to an annual shareholders meeting and saying “I AM A GREEN BAY PACKERS SHAREHOLDER.” In 1997, as part of allowing the Packers to sell stock for the first time in 17 years, then NFL commissioner Paul Tagliabue stipulated that none of the money raised could go towards player salaries and bonuses. The five-year missing shareholder stipulation is actually in the subscription documents issued Tuesday morning to any prospective investor.īut wait! How cool is it to have that certificate to display! You mean the ones that look just as good with your custom laser printed name that are sold on eBay for $60?īut wait! In this case we are really helping the team! My contribution will directly help the small town Green Bay Packers afford to keep up with player salaries and stay competitive! But that’s only if a shareholder cannot be located for five years and who knows how they’re going to pay it for a missing person. Well, it can be, if the Packers choose to buy it back for 2.5 cents. To access Green Bay Packers Shareholders products, please enter your Cert Number (Numbers Only), Zip Code (Numbers & Letters Only, No Dashes), and validate with Captcha as shown below. And although it costs $300, plus $35 for handling to provide the stock certificate, it can’t be sold. Welcome Green Bay Packers Shareholders Here you will find an extensive collection of specially produced shareholder merchandise. It’s genius for the team and, at least financially, asinine for the fans.Īlthough it is called “stock,” it is not regulated by the Securities and Exchange Commission. If the Packers do a similar amount in the first two days this year, they will raise a minimum of $55.5 million. It’s the sixth time the Packers have raised money this way, and the first time in a decade, where in 2011, the team sold 185,000 shares in the first 48 hours. Yet, this morning, thousands upon thousands of Green Bay Packers fans rushed to the team website to complete the documents that would make them an “owner” of the team. Imagine you are told you can purchase something for $300 that, at most, might be worth 2.5 cents, and if you are found to violate the rules of owning such a piece you can be fined up to $500,000.
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