The Packers Sham “Stock Sale”


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Introducing the Packers amazing $250 piece of paper

So the Packers are selling shares of stock for $250 per share!  Become an NFL owner for $250!  Pretty sweet deal right?  No, well not unless you enjoy giving up money for nothing.  Oh and not to mention being tricked into thinking your something your not.

I’m sure I’ll catch some flack for this (secret: I don’t care) since most people are under the spell the Packers have cast as a publicly owned company.  I want to be up front, I agree with all of you, I love the idea of it all.  If only it were true, it’s not though, it’s a sham.  Sorry Packers fans, I have nothing against your franchise, other than this whole stock sale BS.

Publicly owned non-profit company, before I attack the Packers operation I want to say that I am not denying the fact that there are many of these companies that do great things for our country.  I am not against these companies as a whole.  But think about this, when you buy stock your supposed to at least have the chance to make money, right?  You supposed to be able to sell off your shares at the current trading price, correct?  Well what if I told you, without telling you it was the Green Bay Packers, that I had invested in a company who’s stock value has no value, that I can’t resell and give me nothing real at all.  You would absolutely be puzzled, no one in the world can deny that your reaction would include the words w and t and f.  No doubt about it.

Nope, being an owner won't move you up the 80K waiting list

The Packers have been a publicly owned nonprofit corporation since 1923. The team held its first stock sale that year, followed by sales in 1935 and 1950 that helped keep the franchise afloat even as other small-markets teams were sinking.  In the new generation of bigger better stadiums the team is putting up it’s second stock sale in the last 14 years.  Instead of getting a new stadium, Green Bay is pumping out another set of their fake stocks to pay for renovations of Lambeau Field.  Genius, if your them, you get to upgrade the stadium, keep the historic lure of Lambeau and not pay for it.

Again, publicly owned company is supposed to mean that the public owns something and can profit off of it.  While they are a unique organization, don’t fool yourselves, the coaches, front office executives, board of directors and of course the players are getting crazy rich.  Trick is they just don’t have to really pay for their operational costs, again genius if your them, stupid if your not.

The obvious argument to my statements here are “Matt these companies exist and it’s perfectly legal”.  Duh, I know that, thanks for sharing.  The difference, the spirit of these types of companies tax protections are that they greatly benefit the community and act as a non profit organization.  The Packers do that simply because they pump money into the community.  When your donating to another non profit organization it’s called a donation, not a stock sale.

This is the Green Bay Packers coming out and getting donations for $250 each for probably a certificate or something along with sham “voting” rights, whatever.  Once more, genius, I want to start a company that does exactly this. Wait….. Niner Noise community, become a NN owner for $250, send it directly to me, tweet me for my paypal information.  I’ll send you an email confirming you as a “owner” of the site and that’s where it ends.  You can vote on our weekly polls though!  Now hurry I need to get rich.  Now imagine if the Packers stock sale never happened and I came out with a post asking for that.  Don’t kid yourself you would click off this site immediately.  Get the point here?

I can’t fault the Packers, this is drum roll….genius!  How hard would you laugh if you got 250,000 people to send you $250 for nothing? Don’t let the Packers fool you this Christmas season.

Oh yeah don’t forget to tweet me about my paypal information:

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Tags: The Packers Sham "Stock Sale"

  • longtimefan

    Right on Packers web site they say

    Stock in the Packers does not constitute an investment in “stock” in the common sense of the term.

    The Packers will have no obligation to repay the amount a buyer pays to purchase Packers stock.

    Anyone considering the purchase of Packers stock should not purchase the stock to make a profit or to receive a dividend or tax deduction or any other economic benefits.

    So how are they lying?? If someone doesnt research this “Stock” it is not the Packers fault that those people arent aware..Since the team has laid out every issue you had on their web site

    So now what can you complain about?? Every thing you did, I showed you you were wrong..

    I love this game, I can do this all year

  • http://ninernoise.com/ matt hamm

    @longtimefan

    I won’t lie I like it 2 longtimefan. I respect your points, they are obviously delivered by a smart person that can handle himself. The point is we live in a society, we need to cover all our bases.

    Yes the Packers have met legal obligations. Yes they are posting the required warnings. Yes anyone would have to be a complete idiot to miss it. But that’s this time. What about when a computer company or some other business figures out how to do this. What if they aren’t up front like the Packers are in fact being?

    This shouldn’t be allowed. It’s not stock, don’t call it stock. If you are asking for a donation ask for a donation. If you are selling the rights to vote on issues and receive a tour or whatever then do that. Don’t dress it up and say its stock when it’s not.

    Your turn.

  • http://ninernoise.com/ matt hamm

    @Harry Pitts

    Yeah I know they are being honest. The Packers are, they are a great organization and a wonderful team. They have an awesome bond with their community and fan base like no other that will never be duplicated in the history of sports.

    You guys happy with that statement? Move on past football, stop thinking about your Packers. Think about the USA, the world, the economy, other people, other things.

    We need controls in society, especially with a complex global marketplace that is suffering right now. I’m not bothering looking up the financial state of Wisconsin but I’m 100% positive that all of our 50 states are hurting in some way. The entire world is. Real controls wouldn’t allow for things to be sold that are not what they say they are.

  • Harry Pitts

    @matt hamm Matt, you were doing fine with your last statement until the last sentence. Then you blew it. There is nothing being sold as something it is not.

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  • thedamner

    Since you have managed to convince yourself definition of the meaning of the word “Stock” I’ve provided one for you (see below).

    I think you’ve been raging over the concept that the definition of “stock” is that one is to reap a profit, which is 100% incorrect. One can in fact obtain a profit from a stock but that is not its definition. Not to mention that one can also lose value in a stock, but that is neither here nor there.

    You can simply sell a stock as certificate of an investment made, period. (see definition 7 a).

    Case closed, you are wrong.

    http://www.merriam-webster.com/dictionary/stock

    Relavent sections:

    7

    a archaic : a supply of capital : funds; especially : money or capital invested or available for investment or trading

    b (1) : the part of a tally formerly given to the creditor in a transaction (2) : a debt or fund due (as from a government) for money loaned at interest; also British : capital or a debt or fund bearing interest in perpetuity and not ordinarily redeemable as to principal

    c (1) : the proprietorship element in a corporation usually divided into shares and represented by transferable certificates (2) : a portion of such stock of one or more companies (3) : stock certificate

  • thedamner

    @matt hamm you really do need to read a dictionary.

  • thedamner

    @matt hamm look up the word “stock” before you continue chiding people about definitions.

  • http://ninernoise.com/ matt hamm

    @longtimefan@LauraJeanOlsenPeterson

    right but I don’t call myself an owner and my organization didn’t tell me I was either. Thanks try again

  • H2ojames

    Niner noise troll. Your focus is on the semantics of “donation” vs. “stock” – correct? The only people who will be pissed about this are those stupid enough to think the Packer stock is an investment for financial gain. By the way, you have no right to complain if you haven’t purchased any – these are not stock options… Either buy some “shares” or shut up.

  • Jerry_Jones

    I bought 240 shares because I want to be a part of a winner. Will it pay back? I didn’t realize that when I bought, but thats okay. I just want to be a part of a winner.

    Jerry Jones.

  • http://ninernoise.com/ matt hamm

    @H2ojames the guy directly above you states he didn’t know. thanks for pointing out that I’m right and that these aren’t stocks thus validating my concerns.

  • http://ninernoise.com/ matt hamm

    @Jerry_Jones Thanks for admitting you didn’t know going into the purchase there was no way it would ever pay back. You just proved my point to everyone here Jerry.

  • H2ojames

    Yeah… Pretty sure that the comment from “Jerry Jones” was a joke that clearly sailed over your head (hint, Dallas). He didn’t prove any of your points except the one you are trying so desperately to hide… That you don’t know what you’re talking about.

  • H2ojames

    @matt hamm @Jerry_Jones
    Seriously? Read it again and think carefully about the intention behind the post.

  • longtimefan

    Wow cant believe you fell for that Jerry guy….

    #1 he is some one you know to to “confirm” you are right

    #2 my guess is he is making a mockery of your issues..Why? you cant buy 240, only 200..

    Come on Matt, arent you smarter than this?

  • longtimefan

    LOL I know who Jerry_Jones is now…And I was right, he is making a mockery of you Matt…cant selll

    So people that buy stock knowing they wont make money, knowing they cant sell it, knowing it gives them no real rights…Makes us not gullible.

    Matt- who believes a guy using false numbers= gullible

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