Packers sell $7M in "Non Stock" Stock in 2 hours
 

http://profootballtalk.nbcsports.com...f-the-shelves/

IN 2 Hours and 20 minutes............


Packers non-stock stock flies off the shelves
Posted by Gregg Rosenthal on December 7, 2011, 10:49 AM EST
Mark Murphy

Plenty of Packers fans made sure on Tuesday that they ordered Packers stock in time to put the certificate under the Christmas tree.

The Packers wouldn’t provide complete numbers on how many shares they sold Tuesday, but 28,000 shares were sold in the first two hours and twenty minutes alone, according to the Green Bay Press-Gazette.

At $250 apiece, that’s $7 million of revenue in less than three hours. 250,000 shares are available overall, which means the Packers can (and probably will) make $62.5 million from the stock sale by the time it’s over.

The Packers are essentially printing money and don’t have to do anything for it. More power to them.

On one hand, it seems insane that a certificate which entitles its owner to virtually nothing could be such a cash cow. On the other hand, I’d probably buy it for my dad if he happened to be a diehard Packers fan. (He’s not.)

It’s worth wondering if other teams could somehow replicate this business model, but the fantasy of “ownership” just wouldn’t make sense in any other town.

Despite that, we are considering a sale of PFT stock to all our readers. It will cost the same as a year’s subscription to the site.

I would give Clark a used condom and a stick of gum for 10 shares of Chiefs stock and an autograph picture of Christian Okoye.

People who buy this are stupid. You're not buying stock. You're not investing. You're just donating $250 to the Packers.

They're literally just buying a piece of paper with the packers logo on it.

But then again, if you've won 4 super bowls, you can still diseased foreskins and still make millions.
Posted via Mobile Device

The entire collectibles industry.

Sports fans are dumb.

$250 for a meaningless piece of paper. Why hasnt Clark thought of this yet?

Clark would set up Arrowhead parking lot as the only place where you could buy stock, and charge $30 for parking.

I don't know why they don't sell them every year. People are reeruned.

He already did it with bricks...

He did. They call them season tickets.

GB's public ownership is grandfathered in by the NFL.

I wish I could think of a brilliant scam like the Packers have pulled off. Bernie Madoff would be proud.

the people who bought them are pretty happy they did, so seems like a win-win.

if I were a packers fan and had some money to dump, I would consider it. There are a lot of other more expensive and yet worthless collectibles out there.

Imagine what the collectable value of the first stocks sold by the Packers 90 years ago would be at auction today to a RICH Packers Fan?

There are perks with being a "stockholder" :

Exclusive shareholder merchandise is available for you on the Packers Pro Shop website. Go to www.packersproshop.com and click on the shareholder tab at the top of the page. From there you will be prompted to enter your username and password. Your username is your 11 digit control number as noted on the right hand corner of the notice or proxy card, or in the email sent. Your password is your last name. The exclusive shareholder Super Bowl XLV collection also is available.

http://www.packers.com/community/shareholders.html

Also, from an article at http://www.cbsnews.com/8301-505123_1...et-worthless/:

As an owner, you will be invited to shareholder meetings and have voting privileges.


No, you cannot resell them and they never pay dividends but there are reasons for a fan to be interested in "investing" in their team

You can "invest" in the team through buying tickets, merchandise, watching them on tv (improving ratings), etc. Buying paper from them for $250 is stupid.

But you get to attend shareholder meetings, vote, and have access to special merchandise. :D

Well in that case.. :hmmm:


;)

lol