The Packers Sham "Stock Sale"


Follow @NN_Keepinitheel

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:

Follow @NN_Keepinitheel

Next 49ers Game View full schedule »
Sunday, Sep 77 Sep3:25at Dallas CowboysBuy Tickets
Dick's Sporting Goods presents "Hell Week":

Tags: The Packers Sham "Stock Sale"

  • Pingback: Transocean Falls to 7-Year Low - Bloomberg

  • Harry Pitts

    Obviously written by a non-Packers fan with just a bit of envy. There is no team like the Green Bay Packers, no organization like the Green Bay Packers, and no better fans than Green Bay Packers fans. If I, as a life-long fan of the green and gold elect to purchase a piece of Packers heritage and, at the same time support MY team, why do you find me to have been shammed? I know exactly what I’m buying and the Packers are very upfront about its value. Would I purchase a similar share of stock in any other company or organization? Of course not. I would also not buy a 1-foot piece of sod from any other company or organization. But, thousands of Packers fans did exactly that for a piece of Lambeau Field back in the 90s. I think you just wish that YOU had a team like that Packers that you could support? The Packers are the only pro team you can think of that doesn’t have an “owner.” We (fans) are the owners of the Green Bay Packers and hundreds of thousands of us will be more than happy to purchase a piece of paper to demonstrate the pride we have in such a wonderful organization! Sorry you won’t ever be able to share that experience. But, hey, you can still blubber about us suckers, eh?

  • http://ninernoise.com/ matt hamm

    Harry I understand it’s a cool thing to hang in your man cave but it’s not what they are advertising it to be man. I get that it’s cool that you don’t have some fat cat billionaire owner, you the fans technically own the team. My point in the column is to point out that it is not an ownership sale nor a stock sale like it is advertised to be.

  • GBPackerfan1963

    Yes, the Packers are having a “paper” Stock sale. The majority of purchasers are well aware that the Stock is “worthless”. For me and most of the “stockholders”, we don’t care. Why don’t you ask Jed to sell you some of forty-whiner stock. Oh that’s right, your team is owned by one of the “greedy” owners. Let me know how that worked out.

  • longtimefan

    So it is a sham when EVERYONE knows what the “stock” sale is for? How can that be? You know a real sham is licensing fees..

    Packers PSL 120 mill

    http://www.cato.org/pubs/regulation/regv25n4/v25n4-5.pdf

    Niners is reported at $150 million from Personal Seat Licenses (FOOTBALLLPHDS projection) http://www.footballphds.com/2011/07/14/san-francisco-49ers-santa-clara-stadium-update/

    So the Niners are going to ask for 30 million more in PSL fees, that HAS to be paid to get a ticket…

    Where as people have the choice to spend $250 for a chance to help the team? And you call the option to buy a sham??

    You stated —-”, if your them, you get to upgrade the stadium, keep the historic lure of Lambeau and not pay for it.”

    Interesting…Did you even research this at all?

    There will be 250,000 shares available @ 250 a share, that is no where near the 143 million needed..

    http://www.nytimes.com/2011/11/16/sports/football/in-green-bay-shares-of-stock-are-more-than-a-financial-investment.html?pagewanted=all

    “The team hopes to raise at least $22 million after fees, about what was generated in 1997, the last time it sold shares. The money will help offset some of the $143 million needed to add as many as 7,000 seats and replace the scoreboard and sound system at Lambeau Field.”

    Again the team is paying for most of this and is ASKING the public to buy into the renovation..Not demanding it like a PSL which the Niners are demanding 150 million to the Packers 120 million

    Stop being jealous and realize that people love the team and will do what ever it takes to keep them in GB…

    Like in the 20′s when to help keep the team afloat they passed the hat in the stands..That is what makes this team so popular..

    People truly love the team and will do what it takes to keep them..

  • longtimefan

    Can’t stress it enough—Everyone knows what they get when they buy the “Stock” it has been going on since the 20′s..

    It isn’t like they just issue these “papers”..It is handled by the NFL and U.S. Securities and Exchange Commission

    So if you want to whine about this, go to them..They approved it..

  • jandkkelly

    @matt hamm

    It’s not just a “cool thing to hang in your man cave”. It’s the equivalent of one of the private owners investing their own money in their team. The Packers don’t have such an owner, so they do the same thing by offering fixed-price stock. And yes, you can sell it for its original purchase price. The return we get on our investment is in keeping our team competitive financially. Nobody buys Packer stock so they can make money. They buy it so ensure that they will still be watching Packer games 30 years down the road. And that, my misguided friend, is priceless.

  • http://ninernoise.com/ matt hamm

    @jandkkelly

    nope sorry your not investing in the company if you cannot get a return on your investment. Go look up the word investment, try again please.

  • http://ninernoise.com/ matt hamm

    @GBPackerfan1963

    You obviously didn’t read or take in the entire column. I clearly outline the fact that I respect the idea and the Packers organization. I wish the 49ers were publically owned. But the stock isn’t stock bro, it’s a donation to the organization. Your giving money to rebuild the stadium and that is what it should be called not a stock. That’s why it’s a sham.

  • http://ninernoise.com/ matt hamm

    @longtimefan

    I didn’t say it was better that the 49ers are a privately owned team. Re-read the column, I like the idea of the stock sale. It’s not stock, that’s where I have a problem. It’s not an investment at all and you are not an owner of anything. Have fun with your certificate.

  • http://ninernoise.com/ matt hamm

    @longtimefan

    Yeah the fact that it’s handled by the US Securities and Exchange Commission makes it completely legit right. Our economy is awesome right now and anything handled by the US government must be legit. No chance that these types of companies only have the possibility of existing so that companies can have tax shelters. No way a politician ever had to utilize a funding resource exactly like this one. In other words, duh it’s handled by the US gov’t who do you think is reaping the tax income? The gov’t wants big $$ deals like this to go down, that’s how a market works.

  • longtimefan

    @matt hamm@longtimefan People know they dont make money..They know you get no real benefits, people know you get no dividends, they know it really isnt stock in the true sense of the word..

    Yet they still do it..

    I know of a Cowboy fan, Bear fan and a Chief fan that are going to buy stock..Why? All 3 say it is a chance to say they are an owner.

    My point of the sham was Niners charge MORE to have the right to buy a seat….You dont have a CHOICE—if you want to be a season ticket holder you have to pay…

    The fans wont be charged extra tax for this, as has been done in the past and by a majority of other stadiums for other sports. That forces non fans to pay for something they dont support

    At least with a stock sale, people that really care for it, can support their team.

  • GBPackerfan1963

    Matt. The definition of a “Sham”. 1.something that is not what it purports to be; a spuriousimitation; fraud or hoax.

    The organization is selling shares of stock. There is no “fraud”, or “hoax”. They are purporting to sell a share of stock. As a Stockholder, you can attend the stockholders meetings and have a great time in the Atrium at Lambeau. If that is all it’s worth, then count me in.

  • http://ninernoise.com/ matt hamm

    @Harry Pitts

    Yeah I’m sorry to Mr. H. Pitts, damn it! I will never ever be able to shell out $250 for something fake. Geez, can I come to GB bro?

  • longtimefan

    @matt hamm my 1st talk of stock was in quotes..I know that it isnt real stock as do 99% of other people.

    I was merly pointing out to you that it is exatcly like stock in all other ways..It is governed by the SEC…

    http://www.investopedia.com/terms/s/stockcertificate.asp#axzz1fV8RQMEB

    What Does Stock Certificate Mean? The physical piece of paper representing ownership in a company. Stock certificates will include information such as the number of shares owned, the date, an identification number, usually a corporate seal, and signatures. They are a bit bigger than normal piece of paper and most of them have intricate designs to discourage fraudulent replication. Read more: http://www.investopedia.com/terms/s/stockcertificate.asp#ixzz1fV8nOtpA

  • longtimefan

    @matt hamm@Harry Pitts

    Jerry Rice did fumble :)

  • dbo

    Everyone who owns stock in the team knows they aren’t really owners, genius. It’s a way of raising funds without taxes. Can’t wait for your next bombshell that the earth really isn’t flat.

  • jesjh

    Matt, I believe people wouldn’t feel the need to comment if your tone wasn’t so condescending. We all know it is a glorified way to raise funds. No one buying the stock has any delusions about what it means. That doesn’t change the fact that it still gives anyone who buys it fun bragging rights and a sense of pride for investing in a beloved team. Investment means: (1) The action or process of investing money for profit or material result. (2) A thing that is worth buying because it may be profitable or useful in the future. I would say the sense of pride and helping the Packers renovate, which in turn helps the local economy would be “useful in the future” and provides a “material result.”

    Maybe you should take a page from this author and the way she presents her feelings toward it: http://sports.yahoo.com/nfl/news?slug=ycn-10578043

    Again, less condescending and perhaps people would feel less of a need to defend it.

  • ilovemypackers

    It’s a Packers thing. Owning a piece of paper that says you are a share owner in the greatest NFL franchise in history, is worth much more to me than the $250 cost. In fact, I intend to have my share professionally framed and hung in my office so I can look at it every day for the rest of my life. There is an amount of pride that comes from being a Green Bay Packers fan. Owning a share of stock, is just one more way to express that pride..but being a Niner’s fan.. you wouldn’t be expected to understand that.

  • http://ninernoise.com/ matt hamm

    @ilovemypackers

    I understand that you want to put something nice up in your office to look at everyday and display your pride. In fact I am a big sports collector for just this reason.

    Don’t kid yourself, your not an owner of anything at all. It’s fake stock, that’s the point of the column. You all still think your “owners” you own a piece of paper.

  • http://ninernoise.com/ matt hamm

    @jesjh

    jesjh, your definitions of a investment are the opposite of what this “stock” sale is. YOU the “owner” have zero chance of making any profit, you can’t sell it. And if you transfer it, you can only do so to an immediate family member, and only when paying the Packers organization a fee.

    The main point of the column continues to be overlooked. I like the point of it all as I stated, if they called it a drive to improve the stadium fine. Calling it something it is not is sham.

  • http://ninernoise.com/ matt hamm

    @GBPackerfan1963

    Thanks for your definition of a sham. It’s spot on. Thanks again for making my point. Stock is supposed to be a financial investment. This is nothing of the sort. Anyone thinking they can go to a shareholder meeting and do anything other than listen to a couple speeches and take a tour or 2 is delusional. This is not a share of stock, it’s a sham. Sorry.

  • Frankie1

    @longtimefan@matt hamm@Harry Pitts

    absolutely…the only sham was that Rice was not called for fumbling the ball in 1998. I remember that came well…watched it after spending 6 hours on snow removal on my property.

    speaking of ownership….don’t the Packers own the 49ers ?

  • http://ninernoise.com/ matt hamm

    @longtimefan

    Ok so people know that they really aren’t buying stock. Ok, let me process this for a minute. That changes everything actually longtimefan. Your 100% correct. Wait, no my rational side is taking over again. It’s not stock, and they are selling it as stock. That makes no sense and isn’t fair. I agree a lot of saavy fans seem to be posting here and your comments are coming from the right place. Your fans, you want a piece of your team, I get it. But what about that fan that really thinks he/she is an actual owner. Don’t you think that is wrong? This is not stock and it should be criminal to call it that.

    Haven’t we all learned that the ramifications of financial irresponsibility can do to not only this country but the world?

  • http://ninernoise.com/ matt hamm

    @longtimefan@Harry Pitts

    NEVER!

  • http://ninernoise.com/ matt hamm

    @Frankie1@longtimefan@Harry Pitts

    live with the call and get it over it already! I really respect the Packers organization but no it would be stupid for either of us to sit here and argue over supremacy. Neither organization can claim that, we’re both among the NFLs elite all time franchises.

  • http://ninernoise.com/ matt hamm

    @dbo

    dbo, congrats that this is obvious to you. You not among the walking dead. However, do a quick google search, check out your favorite Packers sites/blogs and come back and tell me this isn’t being pumped as something it is not.

  • LauraJeanOlsenPeterson

    First of all, I have a hard time taking someone seriously who is a “journalist” and doesn’t know the difference between your and you’re. Secondly, that’s the difference with the Packers—–they have extremely loyal fans who will do whatever they can to help their boys out. That’s just the Wisconsin Way. I think your little “rant” has more to do with jealousy than anything. Anyone who purchases this “stock” knows exactly what they are doing. We love our Green Bay Packers so much that a simple certificate hanging in my living room is enough for me! Am I just a hick country girl? Nope. Just a loyal lover of one of the BEST teams in the NFL! Oh wait…….who else has gone 11-0 recently? I’m just a loyal lover of THE BEST team in the NFL!

  • LauraJeanOlsenPeterson

    Seriously?! The Packers are a BELOVED franchise and have been for years! No one who is buying stock has any dilusions as to what they get or don’t get with it. What other team has such a long waiting list for season tickets? And who cares if you can only transfer it to a family member? That’s what Wisconsin and Packer Football have in common—family! Just a childish rant. It’s too bad you can’t use your “jouralistic integrity” to do some good instead of having a snit.

  • http://ninernoise.com/ matt hamm

    @LauraJeanOlsenPeterson

    Laura, good for you being a loyal fan of the Pack! Wow I’m impressed seriously. I appreciate everyone demonstrating how brainwashed you all are here. It’s one thing to support your team but your financing it. Your letting your team tell you your an owner when your not. Not only that, you all are taking it with a smile.

  • http://ninernoise.com/ matt hamm

    @LauraJeanOlsenPeterson

    so you know all 250,000 people that are buying stock? your sure not one is being tricked? wow you have a profound confidence in people intellect.

  • ilovemypackers

    @matt hamm@ilovemypackers my point. Having THAT piece of paper is worth more to me than having 100 shares of AT&T stock.. it’s in my heart and soul.

  • longtimefan

    @matt hamm@LauraJeanOlsenPeterson If you own any jerseys, and thing that is endorsed by the Niners, or have ever gone to a game, or bought a cable service to watch the Niners, guess what? You finance them..Maybe some of these”Stock” owners have never went to a game, never bought a jersey or anything else..If this is the only $250 they spent, they have spent way less then a fan that goes to games.

  • LauraJeanOlsenPeterson

    I have profound confidence in the decency of Packer supporters. It is spelled out exactly what you are getting with a share of this stock. No unrealistic expectations. Just the love of our team and the pride of being a part of this.

  • longtimefan

    @matt hamm@jesjh

    The main point is not being over looked..A few of us have stated it…

    We know we dont profit from it, we know we can’t sell it, we know we get no dividends..We know we get no special perks from it other then shareholders meeting, special rates to the pro shop and a stock holder only shop..

    But you keep missing OUR points…WE DO NOT CARE ABOUT ALL THAT STUFF.

    It is still considered stock because of the legality it has to go through..

    We are sorry that you can’t seem to get over the term stock..As I said before, maybe go to the SEC or the NFL and complain to them..They are the ones that are naming it stock.

  • longtimefan

    @matt hamm@LauraJeanOlsenPeterson

    It is listed right on the Packers web site what the “stock” is and what it isnt…And I am pretty sure when sold, they will have to read and sign something stating the facts behind owing it.

  • longtimefan

    @matt hamm@dbo

    http://www.packerforum.com/threads/49er-fan-calls-packer-stock-sale-a-sham.32724/

    Post #22 exact quote from Packers.com stating the rules behind the stock,..

    http://packershome.com/tabid/63/g/posts/t/14015/Packer-shares—go-on-sale-on-December-6–2011-at–8-00–AM-CST—Cost-250-per-share.aspx

    1st post states the same packers.com post of the facts behind the sale

    http://www.prosportsdaily.com/forums/showthread.php?s=8b21c294265ec06f3c9d28190f5308d0&t=666950

    2nd post, guy posts i is useless

    http://www.packerchatters.com/4ums/index.php?showtopic=20819&hl=stock&st=20

    Post #21, guys points out no return value in it..

    So where are these forums and blogs people think you make money on Packer stock?

  • longtimefan

    @matt hamm again…The SEC regulates it…I am sure they are making sure it is handled legally..

    Trust me, I get your point..You hate the word and it “technically” isnt stock in how people think of it as stock..

    If this was 96 then yeah, maybe I see your point..People dont have access to research this for them selves..

    But they do now..And in fact I am pretty sure most reports on it in the news or online , will say it is just paper.

    Let’s say when you call to buy it, or buy it online and you have to agree to a statement saying, never be sold, you make no money, no dividends, can’t transfer it unless family..

    Then is that okay?

  • ilovemypackers

    @matt hamm@ilovemypackers my point. Having THAT piece of paper is worth more to me than having 100 shares of AT&T stock.. it’s in my heart and soul.

  • http://ninernoise.com/ matt hamm

    @longtimefan@LauraJeanOlsenPeterson

    no when I buy a jersey i’m getting a jersey. if they put a tag on it that says stock, would you buy it?

  • longtimefan

    @matt hamm@dbo

    http://www.packerforum.com/threads/49er-fan-calls-packer-stock-sale-a-sham.32724/

    Post #22 exact quote from Packers.com stating the rules behind the stock,..

    http://packershome.com/tabid/63/g/posts/t/14015/Packer-shares—go-on-sale-on-December-6–2011-at–8-00–AM-CST—Cost-250-per-share.aspx

    1st post states the same packers.com post of the facts behind the sale

    http://www.prosportsdaily.com/forums/showthread.php?s=8b21c294265ec06f3c9d28190f5308d0&t=666950

    2nd post, guy posts i is useless

    http://www.packerchatters.com/4ums/index.php?showtopic=20819&hl=stock&st=20

    Post #21, guys points out no return value in it..

    So where are these forums and blogs people think you make money on Packer stock?

  • http://ninernoise.com/ matt hamm

    @ilovemypackers

    Everything you said is about you personally. Defend the position of the Packers being allowed to sell “stock” that is not actually stock. Not the fact that you and fans you know would want to buy it and that you guys don’t care. Defend the position itself.

    How about this, what if a major bank put out stock that wasn’t stock. It makes no sense.

  • http://ninernoise.com/ matt hamm

    @LauraJeanOlsenPeterson

    I 2 have confidence in the Packers fans as a whole. I respect you guys believe it or not. That’s the main reason I’m upset with not just the organization but the NFL and the US gov’t for allowing something like this to go down.

    What if everything sold could be sold as something else so long as it had some piece of paper that told you the truth? Ferrari brand new zero miles, mind condition. But it’s a Honda Accord in bad condition? Not a apples to apples comparison but you get the idea.

    You have to at least admit the following. Not all are as bright as you, some aren’t even close. Some can get tricked, if this were any other company (outside of professional sports) I’m pretty sure you’d all agree with me.

  • ilovemypackers

    @matt hamm Hell no, I hate major banks.. but as a Packers “shareowner”, you may not get dividend, there is no chance to get a return on the investment. But you do get special offers from the Packers organization. You do get to vote on issues. You do get to attend the annual Shareholders convention at Lambeau Stadium..all of those things are priceless to me and a multitude of other fans.

    I guess I don’t understand what has you so upset. You don’t like it, don’t buy it.. no expects you to.. It’s not money coming out of your pocket and it has no baring on your team.

    It is a unique opportunity for fans to help the Packers org raise money for improvements. I appreciate the history value and want my team to have everything teams with millionaire owners have.

    It will be interesting to see how many of the 250K shares that are going up get sold.. my bet is, a lot of them get sold.

  • http://ninernoise.com/ matt hamm

    @longtimefan@jesjh

    Nope, I get your points I really do. And something I should have stated is if the 49ers came out and said fans we’re screwed if we don’t get some donations for a new stadium. I would probably pony up a $100 or so. I understand why you guys are into it I honestly do.

    The people who truly understand it and are ok with you, you guys aren’t being tricked. Obviously, however, there are people who could be. This is a dishonest advertisement. A Sham.

  • http://ninernoise.com/ matt hamm

    @ilovemypackers

    The points that have me upset are. The Packers shouldn’t need to lie to their fans and fake a “stock” sale to raise money. They could have went about it differently.

    The voting on issues is going to be a set of things the organization decides it doesn’t care about and you will get the 2 options they are ok with in the 1st place. Don’t kid yourself, the impact of the vote has no outcome in anything.

    I bet all of the 250K shares go, Packers fans are among the most dedicated in the league. Actually probably the most though some may argue. Again it’s ok for those that understand, you are obviously a smart person. It is obvious that you are able to make your own judgements based on your own intellectual ability. Some people aren’t, some people are not smart at all, sad to say but it’s true. No company in the world should be able to sell something that isn’t what they say it is. This isn’t a stock sale and they shouldn’t be able to say it is.

  • longtimefan

    @matt hamm@LauraJeanOlsenPeterson

    buying anything endorsed by the Niners helps put money in their account..so you are supporting them financially, just as someone buying “stock” is…You get a jersey to wear, we get paper to frame..

  • longtimefan

    @matt hamm@ilovemypackers

    But it is LEGAL not a shame..Time after time I pointed out it is approved by the SEC, so it is not a sham..

    Why are you trying to shove it down our throats that it’s a sham? Go to the SEC and the NFL and the owners to spread your hate..

    They are the ones that allowed it

  • longtimefan

    @matt hamm@ilovemypackers

    They are not lying

    WTH??

    Read this from their site and tell me how they are lying..

    Please tell me??

    http://www.packers.com/news-and-events/article-1/Packers-Stock-Sale-to-Begin-December-6/2e8bc358-31bb-4acf-8ce7-c97c9f260af1

    Following is a list of details currently available:

    The price per share will be $250, and there will be a handling charge.

    The offering will be limited to persons in the United States, as well as Guam, Puerto Rico and the U.S. Virgin Islands.

    Until regulators in the state of New Hampshire allow the offering to proceed in their state, residents of that state will not be able to purchase shares.

    Shares will be able to be purchased online with credit or debit cards, and also via mail.

    Only individuals (including spouses as joint tenants) will be able to purchase shares.

    The Packers will initially offer 250,000 shares.

    No one may buy more than 200 shares (counting any shares that the person purchased in the 1997-1998 offering).

    The offering will continue until Feb. 29, 2012, subject to extension.

    In contemplation of the offering, interested fans should note:

    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.

    Any offering of Packers stock will only be made through an offering document.

    The Packers believe offerees and purchasers of Packers stock will not receive the protection of securities laws with respect to any offering or sale of Packers stock.

    The Packers bylaws and NFL rules severely restrict transfers of Packers stock.

  • Harry Pitts

    @matt hamm No, sorry. Matt. We don’t allow anyone in who can’t tell the difference between a stockholder-owned team and one with a mega-bucks owner. If there are too many of you out there in sunny California, it might explain why the state is broke.

    You keep saying that the Packers organization is misleading people when, in fact, they are being far more open and honest with their fans (about this and most everything else) than most owners are with theirs. The last time that shares were sold, there was no monetary value to them and they were were non-voting shares. Guess what? Knowing all of that, fans bought them anyway. This time around, they are voting shares. Yes, as others have tried (unsuccessfully) to point out to you, they are actual shares (fixed price) and give their loyal fans a piece of ownership in the NFL team with the richest heritage in all of football. I don’t understand what axe you are grinding, but the rest of us “get it.” I guess it’s as one of the other responders said: It’s a Packers thing…you wouldn’t understand. And, yes, it is legitimate. And, no, it is not a sham at all.