10

July

Green Bay Packers Releasing Financial Data: Newest Shareholders Awash In Anticipation

The Packers will release their financial numbers on Tuesday.

Update: The Financial data has been released. The Packers’ operating profit skyrocketed from 12 million thye previuos fiscal year to 43 million over the last 12 months. Full details can be found on Packers.com.

Every year the Green Bay Packers are required to release the financial data of the NFL’s only publicly owned team, and this year is no different.  According to Mike Florio of ProFootballTalk.com, the Packers will release last year’s financial numbers Tuesday afternoon.

The report will straddle both 2011 and 2012, and according to Florio, the numbers will most likely show a revenue increase for Green Bay.  This is great news for Green Bay because despite the poor economy and playing in a smaller market, the Packers still show an increase.

However, the bigger issue is Florio, a respected media  member, and the overall attitude of many for how the Packers have reached their financial success.

Florio’s tone throughout the report would have you believe that the Packers are ripping people off by selling them stock that means absolutely nothing.  However, what Florio doesn’t, and honestly can’t, understand is the passion that Packers’ fans have for their beloved team.

Florio states that Green Bay raised $67 million by selling sheets of paper for $250 each.  What Florio calls a piece of paper, we call a piece of the franchise that we love.

Does it matter that the paper ultimately means nothing?  Does it matter that people who bought that stock doesn’t really have a say in the future of the team?

Of course not.

All that matters is the fact that those who purchased that stock are now part of the Packers.  Not literally, but every time they walk into their office or their living room, they see a piece of the Green Bay Packers.

No other fan of any other team in the NFL can say that.

 

 

6

December

Week 14 Packers Stock Report: Rodgers and Matthews Rising, Peprah and Newhouse Falling

Great win on Sunday for the Packers. A signature win.

I’m not sure if I’d call this week’s stock report “great” or “signature,” but nonetheless, here it is:

Aaron Rodgers
After the first half, I thought this might be the week that Rodgers drops out of the rising category. Boy, than was a dumb thought. Rodgers  came to life in the second half, overcoming several dropped passes and shaky protection to keep the Packers out front and eventually put together a game-winning drive with 58 seconds left. He finished with a QB rating of 106, his lowest of the season, but I think we’ll let that slide this one time.

Clay Matthews
Can you name another player on defense that did much of anything on Sunday? Walden had a few pressures. Shields tipped away a couple of passes. Raji was active early. Otherwise, Matthews was the lone bright spot on D.

Jordy Nelson
It didn’t matter if Nelson was covered or only had a few inches to work with along the sideline, he was determined to make the catch when Rodgers threw it to him. A nice rebound game for No. 87 after a ho-hum performance against the Lions.

Steady

Greg Jennings
Not even the NFL’s silly rules about catches in the end zone could keep Jennings from scoring. After a brief slowdown in weeks nine and 10, Jennings is back on track.

Donald Driver
Two of Driver’s four catches on Sunday went for touchdowns. Not bad for an old-timer. Most importantly, Driver didn’t come down with a case of the dropsies like most of the other Packers WRs and TEs.

Falling

Charlie Peprah
Many readers pointed out in the comments section of my game summary that the loss of Nick Collins is negatively impacting Peprah. This is 100 true. Unfortunately, Collins is also not able to protect Peprah from landing in this week’s falling category.

Marshall Newhouse
I really went back and forth on including Newhouse here. The Giants front four might be the best in football. Newhouse is essentially a rookie. Rodgers dropped back to pass 50 times on Sunday. Talk bout a near-impossible task. There was bound to be some pressures allowed by the young man. However, when the goal is the Super Bowl, inexperience, quality of opponent and difficult assignments are no excuse. Newhouse needs to clean it up.

2

December

Become a Green Bay Packers Owner and Stockholder. Buy Packers Stock.

Green Bay Packers Stock Certificate

Just in time for the Holidays, the Green Bay Packers are offering their fans the opportunity to become a stockholder in the only community-owned, non-profit professional sports team in America.

Many a Packers fan will see their dream of team ownership granted this holiday season, at a not-so-inexpensive cost of $250 per “share.” Money received from the stock sale will be used to finance another Lambeau Field expansion project, already underway in some cases.

As a current stockholder, I don’t feel the need to be adding to my “stake”, so instead, I’ll just watch from afar and welcome aboard all my new fellow owners.

Full information will be released on December 6th. Here are the details currently available from Packers.com:

 

  • 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 states of New Hampshire and Virginia allow the offering to proceed in those states, residents of those states 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.
25

August

Green Bay Packers Unveil Lambeau Field Expansion Plans; Stock Sale Could Be Coming

How the Lambeau Field south end zone will look at the start of the 2013 season

The Green Bay Packers announced today their plans to expand Lambeau Field by 6,600 seats as well as adding a new entrance gate to the south and north end zones by the start of the 2013 season with groundbreaking scheduled for September 1 this year. Some of the funding could come from a new sale of Packers stock.

The seats will be added in four levels and the seats will contain seatbacks.    The project also includes a rooftop viewing area for club seat holders that will be available for special non-football events (like this year’s Kenny Chesney concert) as well.

Escalators and elevators are also being added to the north and south end zones to ease the flow of entry and exit of fans from the stadium.

The Packers are completely funding this project which will include some loans, according to the press release from the team.    A team stock sale is being considered and user fees similar to the 1999-2003 renovation of Lambeau Field is also being discussed.

Ticket prices are expected to be between the cost of a current bowl seat ($87) to club seat  prices (maximum $313).

Well, my first obvious thought is the more Cheeseheads to make noise at Lambeau, the better.  As you can see by the image, this isn’t truly “closing off” the bowl as there are gaps between the three sections of new seats.  Of course while noise is a good thing sometimes, you don’t want to become a Metrodome without a roof.

Regarding the stock sale, I’m excited.  This would  open the door to a whole new bunch of NFL owners and the continued tradition of the community and the Packers working together for the good of the team.  The downside is that if the price is at $500 a share (and it could be higher if a sale is held), that’s a lot of money for a family to fork over in this economy. 

Then again, knowing the resiliency of Packer Nation, they’ll find a way for this to happen.

Of course, some fans may be upset that some seats will feature backs as the rest of Lambeau has the old school bleachers.  The Packers in their press release did say that general seating would be featured but not all fans are comfortable on bleachers.  While I think the old bleachers are neat, it’s time to at least add some new modern seating.

23

June

Green Bay Packer Fans: Owners and Shareholders

The letter was waiting for me on the kitchen counter when I arrived home from work today. With the Green Bay Packers logo as the return address, I knew what it was. No, Ted Thompson was not reaching out to me in his quest for more fullbacks, but in fact, Packers President Mark Murphy was making a request of me. Mark Murphy wants my vote.

I am a Green Bay Packers shareholder, one of 112,120 people who can make that claim. Shares of stock include voting rights, but the redemption price is minimal, no dividends are ever paid, the stock cannot appreciate in value, and there are no season-ticket privileges associated with stock ownership (damn!). While my rights as a stockholder are very limited, I do have a vote in the election of the  Board of Directors. And that’s what the letter is about. The bold green type on the outside of the envelope implores me to “Embrace your membership and VOTE. It’s your obligation.”

Since the Packers were converted to a non-profit corporation in 1923, there have been 4 stock sales. From Packers.com:

There now have been four stock drives in the 90-year history of the team. The first stock sale, which took place at that 1923 meeting, saw local merchants raise $5,000 by selling 1,000 shares for $5 apiece, with a stipulation that the purchaser also had to buy at least six season tickets.

The second, in 1935, raised $15,000 after the corporation had gone into receivership. At that point, the non-profit Green Bay Football Corporation was reorganized as the Green Bay Packers, Inc., the present company, with 300 shares of stock outstanding.

The third, in 1950, came on the heels of founder Curly Lambeau’s 30-year dominion, when the club’s officers arranged to amend the corporation’s bylaws to permit the sale of up to 10,000 total shares of stock (opening up more than 9,500 shares for purchase), to limit the number of shares that any individual could own. The team also increased the number of directors from 15 to 25.

The response to the 1950 drive was inspiring, with people from all across Wisconsin, as well as former Green Bay residents living in other states, coming forward to buy the $25 shares of stock. Roughly $50,000 was raised in one 11-day period alone. Reportedly, one woman from a farm near Wrightstown, Wis., showed up at the team’s offices with $25 worth of quarters in a match box. A total of about $118,000 was generated through this major stock sale, helping to put the Packers on a sound financial basis once again.