papazoid Posted March 1, 2012 Share Posted March 1, 2012 figured we needed a non RG III story..... pretty amazing actually: The team initially offered 250,000 shares for sale starting Dec. 6. But the allotment went quickly, with 185,000 shares alone sold within the first 48 hours. So the team made another 30,000 available. The shares weren’t cheap, costing $250 each plus handling fees of $25 in the U.S. and $35 in Canada. They’re also essentially worthless. Packers stock isn’t like regular stock. Its value doesn’t increase, there are no dividends, it has virtually no re-sale value and it doesn’t give buyers any advantage over the 93,000 people on the waiting list for season tickets. What buyers do get is a piece of paper declaring them a team owner and conferring rights to attend and vote at the annual stockholder meeting, which is held at Lambeau Field each summer before training camp. They also get access to a special line of shareholder apparel. http://sports.yahoo.com/nfl/news;_ylt=Atkv_Zl_hoLUXW_dzxs.aapDubYF?slug=ap-packers-stocksale Link to comment Share on other sites More sharing options...
RyanC883 Posted March 1, 2012 Share Posted March 1, 2012 Wow. Kind of awesome. For fans in California its cheaper than flying out to Green Bay for a game. Link to comment Share on other sites More sharing options...
Maddog69 Posted March 1, 2012 Share Posted March 1, 2012 this is a pretty cool thing, but it is really an unfair competitive advantage for the Packers basically getting $67m in free money Link to comment Share on other sites More sharing options...
atlbillsfan1975 Posted March 1, 2012 Share Posted March 1, 2012 this is a pretty cool thing, but it is really an unfair competitive advantage for the Packers basically getting $67m in free money or a testament to a good franchise? I mean when you think about it how many other teams could do this, and get the same support? Steelers? Link to comment Share on other sites More sharing options...
1B4IDie Posted March 1, 2012 Share Posted March 1, 2012 this is a pretty cool thing, but it is really an unfair competitive advantage for the Packers basically getting $67m in free money Its like being an "owner" of the Salvation Army, except you don't get the tax write off. I'm sure the Bills could raise 6.7M if they were allowed to ask for donations like the Pack does. Generally this rounds of "shares" are tied to a program, like the stadium remodel that they Pack completed recently. Is there not an effort tied to this fund raising drive? Link to comment Share on other sites More sharing options...
Mr. WEO Posted March 1, 2012 Share Posted March 1, 2012 this is a pretty cool thing, but it is really an unfair competitive advantage for the Packers basically getting $67m in free money Ralph got 78 million from a single doner a few years ago. Link to comment Share on other sites More sharing options...
Maddog69 Posted March 1, 2012 Share Posted March 1, 2012 or a testament to a good franchise? I mean when you think about it how many other teams could do this, and get the same support? Steelers? I think a tons of teams could pull off something like this: Raiders Steelers Cowboys Redskins Jets Giants All have huge bases. Heck even the Bills could rake in a bunch of cash off of a scheme like this. Thousands of Bills faithful would buy shares. I know I would be a few. The bigger issue is that this whole thing probably should not even be legal. They are in effect selling useless currency for real dollars. On the other hand, people are selling stars and carbon credits to unsuspecting suckers. The old saying "A fool and his money are soon parted" seems appropriate here. Link to comment Share on other sites More sharing options...
flmike Posted March 1, 2012 Share Posted March 1, 2012 The NFL is on record saying that no public ownership will be allowed beyond the Packers. It doesn't fill their pockets. Link to comment Share on other sites More sharing options...
papazoid Posted March 1, 2012 Author Share Posted March 1, 2012 Ralph got 78 million from a single doner a few years ago. and he's about to do it again..... Link to comment Share on other sites More sharing options...
RealityCheck Posted March 1, 2012 Share Posted March 1, 2012 figured we needed a non RG III story..... pretty amazing actually: The team initially offered 250,000 shares for sale starting Dec. 6. But the allotment went quickly, with 185,000 shares alone sold within the first 48 hours. So the team made another 30,000 available. The shares weren’t cheap, costing $250 each plus handling fees of $25 in the U.S. and $35 in Canada. They’re also essentially worthless. Packers stock isn’t like regular stock. Its value doesn’t increase, there are no dividends, it has virtually no re-sale value and it doesn’t give buyers any advantage over the 93,000 people on the waiting list for season tickets. What buyers do get is a piece of paper declaring them a team owner and conferring rights to attend and vote at the annual stockholder meeting, which is held at Lambeau Field each summer before training camp. They also get access to a special line of shareholder apparel. http://sports.yahoo.com/nfl/news;_ylt=Atkv_Zl_hoLUXW_dzxs.aapDubYF?slug=ap-packers-stocksale If what you stated is true these so called investors are morons. Link to comment Share on other sites More sharing options...
ExiledInIllinois Posted March 1, 2012 Share Posted March 1, 2012 this is a pretty cool thing, but it is really an unfair competitive advantage for the Packers basically getting $67m in free money Or being "historically blessed." Buffalo would be a perfect fir for this model... Just that they are not allowed to, just by being formed in the "wrong era." The Packers are the "royalty" of the NFL... Simply successful in this regard becuase of when an where they were born... Not on merit. Owners couldn't hold fans, cities, and politicians "hostage" with their oligarchy. If what you stated is true these so called investors are morons. Not really... 250 bucks for your team to "never move." I would fork it out than suffering this rollercoaster we are on. Confidence money for the heartstrings. Link to comment Share on other sites More sharing options...
Mr. WEO Posted March 1, 2012 Share Posted March 1, 2012 and he's about to do it again..... No, that donor dropped dead soon after he foolishly coughed up that load of cash. Link to comment Share on other sites More sharing options...
McBeane Posted March 1, 2012 Share Posted March 1, 2012 Could you imagine how insane Bills fans would get if they actually owned part of the team? I hate to even think about it... Link to comment Share on other sites More sharing options...
ExiledInIllinois Posted March 2, 2012 Share Posted March 2, 2012 Could you imagine how insane Bills fans would get if they actually owned part of the team? I hate to even think about it... Like your average US taxpayer? ?? Link to comment Share on other sites More sharing options...
stevewin Posted March 2, 2012 Share Posted March 2, 2012 Whatever happened with the guy who was on here a while back looking seriously into concept of 'Bills Bonds' Link to comment Share on other sites More sharing options...
justnzane Posted March 2, 2012 Share Posted March 2, 2012 this is actually a very common concept among pro soccer teams in europe, Real Madrid and FC Barcelona are two of the most notable examples, but there are some other major teams that are publicly owned as well. The NFL doesn't like the idea of having to answer many, when it could answer to a few, which is evidenced by the lack of adequate officating. Link to comment Share on other sites More sharing options...
PromoTheRobot Posted March 2, 2012 Share Posted March 2, 2012 Here's an idea...what if the Bills sell bonds to improve RWS? But unlike the Packers stock that gets you nothing but a piece of paper, you are actually buying a piece of RWS and get a dividend until your bond is paid off. The NFL won't allow fan ownership of teams but there's no rule against fan ownership of the stadium. PTR Link to comment Share on other sites More sharing options...
Marv's Neighbor Posted March 2, 2012 Share Posted March 2, 2012 Ralph got 78 million from a single doner a few years ago. Yes, and he's still counting his Loonies-and I don't mean sesaon ticket holders! Link to comment Share on other sites More sharing options...
papazoid Posted March 2, 2012 Author Share Posted March 2, 2012 No, that donor dropped dead soon after he foolishly coughed up that load of cash. The reports of my death are greatly exaggerated.... Rogers Communications is alive and well. That donor was and is a business entity, not an individual, the show goes on. By Associated Press, Published: February 21 BUFFALO, N.Y. — There’s growing optimism that the Buffalo Bills will renew their deal to play games in Toronto beyond this season. And Bills fans shouldn’t worry about losing more than one regular-season game a year north of the border. That was the message delivered by Rogers Communications Media president Keith Pelley in an interview with The Associated Press on Tuesday. http://www.washingtonpost.com/sports/redskins/buffalo-bills-lose-preseason-game-at-toronto-this-summer-due-to-scheduling-conflict/2012/02/21/gIQAPyNORR_story.html Link to comment Share on other sites More sharing options...
Buffalo Barbarian Posted March 2, 2012 Share Posted March 2, 2012 figured we needed a non RG III story..... pretty amazing actually: The team initially offered 250,000 shares for sale starting Dec. 6. But the allotment went quickly, with 185,000 shares alone sold within the first 48 hours. So the team made another 30,000 available. The shares weren’t cheap, costing $250 each plus handling fees of $25 in the U.S. and $35 in Canada. They’re also essentially worthless. Packers stock isn’t like regular stock. Its value doesn’t increase, there are no dividends, it has virtually no re-sale value and it doesn’t give buyers any advantage over the 93,000 people on the waiting list for season tickets. What buyers do get is a piece of paper declaring them a team owner and conferring rights to attend and vote at the annual stockholder meeting, which is held at Lambeau Field each summer before training camp. They also get access to a special line of shareholder apparel. http://sports.yahoo.com/nfl/news;_ylt=Atkv_Zl_hoLUXW_dzxs.aapDubYF?slug=ap-packers-stocksale Can't believe Ralph hasn't thought of this; 67 mil and the fans still wouldn't have any say if the team stays or goes. Link to comment Share on other sites More sharing options...
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