Packers Stock Sale To Begin Tuesday, Nov. 16th
The price per share will be $300, and there will be a handling fee similar to the handling fee in the last offering.
By PackerAaron
Earlier this morning, the Packers announced preliminary details for the organization’s upcoming stock offering, just the sixth in its history, which will commence, Tuesday, Nov. 16, at 8 a.m. CST.
More information, including the formal offering document, will be available when the offering commences. Interested fans will be able to access the full information tomorrow on the team's website.
Following is a list of details currently available:
- The price per share will be $300, and there will be a handling fee similar to the handling fee in the last offering.
- The offering will initially be limited to persons in the United States, as well as Guam, Puerto Rico and the U.S. Virgin Islands, subject to completing regulatory processes in certain states.
- Shares will be able to be purchased online with credit cards, debit cards, or electronic bank transfers, or with personal check or cashier’s check by mail.
- Only individuals (including spouses as joint tenants) will be able to purchase shares; individuals can purchase shares as a gift for other individuals.
- The Packers will offer 300,000 shares.
- No one may buy more than 200 shares (counting any shares that the person purchased in the 1997-1998 and 2011-2012 offerings).
- The offering will continue until Feb. 25, 2022, 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.
“We appreciate the interest that fans have expressed in our sixth stock offering,” said Packers President/CEO Mark Murphy. “While we are not yet in a position to fully discuss the offering, we do have some initial information that we can share for fans to consider. We look forward to formally launching the offering tomorrow.
“Fans can look to Packers.com tomorrow for full details.”
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Comments (13)
matt4484
November 15, 2021 at 11:13 am
I am so torn between wanting this more than anything and thinking donating 300 dollars to a billion dollar corporation is absolutely moronic.
scullyitsme
November 15, 2021 at 12:23 pm
The answer is the latter. Definitely moronic. And I love the Packers. And if it truly helps the packers organization then good for all of you giving to poor billionaires.
jurp
November 16, 2021 at 08:30 am
Billionaires? There are none involved in the team, IIRC, unless the woman who owns Epic is on the Board. The organization is worth a billion dollars, but if it should fold, any profits remaining go to a non-profit organization.
This ain't the Bucks or Brewers - I agree that giving them what is effectively a $300 donation would be idiotic.
HarryHodag
November 15, 2021 at 02:32 pm
Look at it this way--you can got out and blow $300 pretty easy these days.
That $300 will help keep the greatest franchise in the NFL competitive for the future. It is a billion dollar organization that is in the smallest major professional sports franchise city by a long shot. It is an endangered species of sort, small town America competing against the big shots in the big cities---and winning. Unlike other franchises the fans do have input on the operation. It is our team.
Guys like Mike Florio always slam the sales as a farce. I've taken a great deal of time and energy to explain the stock sale has nothing to do with financial return. I worked for a non-profit like the Packers for many years. The only return the investors get is the knowledge we have a toe-hold in the most followed American sport. How about the Salt Lake City Packers, the Portland Packers, the Orlando Packers? Think those cities wouldn't want professional football?
It's an investment well spent nearly every week of the year when we follow Packers news.
StingRay64
November 15, 2021 at 11:29 am
I live in Canada now. Was so excited to hear of another share holders offering... Now I read that it's not for people in Canada... heart break for sure.. Have to find a way around that.
Spock
November 18, 2021 at 04:59 am
From the information above: "Only individuals (including spouses as joint tenants) will be able to purchase shares; individuals can purchase shares as a gift for other individuals." Perhaps you have an American friend who could do this for you and you could reimburse them? Just a thought.
Fabio
November 15, 2021 at 02:43 pm
Can I buy shares from Italy?
The_Justicar
November 15, 2021 at 07:34 pm
I don’t believe so.
Spock
November 18, 2021 at 05:01 am
See my reply above. I THINK you could have a share bought for you by someone in America. The info above doesn't say anything about having to gift to an American. Good luck!
PackfanNY
November 18, 2021 at 11:26 am
Unfortunately no. The “stock” is only available to those in the 50 States, Washington, DC, Guam, Puerto Rico and the US Virgin Islands. The SEC (Securities and Exchange Committee) has issued a “no action” letter. Long story short it is not an actual security. As such, they (the Packers) do not have to provide public financial information that is required for other securities issuers. No other securities laws are enforced against the team. (Financial reporting, disclosures etc.) Why? Because the purchaser is conferred/granted no financial interest in the team. Limited to voting rights only.
As a result, this might not be permitted by securities regulators in say the EU. (I.e. Italy). So long story short the Packers would need to understand and satisfy regulatory requirements in those countries before offering to foreign citizens. I don’t see that happening for obvious legal reasons amongst many other reasons.
LeotisHarris
November 15, 2021 at 04:03 pm
Our first grandchild was born in 2021. His father is a fan of the Minnesota NFL franchise (despite this character flaw he is a good husband and father). I have a job. I have a credit card. There are moral obligations in life.
jurp
November 16, 2021 at 08:31 am
Just make sure the father doesn't put the share in a purple and yellow picture frame :)
PackfanNY
November 18, 2021 at 11:02 am
I have to say, my first reaction was Minnesota has an NFL franchise? I mean a real franchise? Is that what they call what they do over there?