Green Bay Packers Stock Sale: Champs Give Fans Chance to Buy $250 Piece of Paper
When I was a little kid, my parents bought me a tape for my birthday. It was of then Oakland Athletics pitcher Dave Stewart wishing me a happy birthday.
Even though I was never an A's fan, living in the Bay Area at that time, Stewart was a big deal. How did he even know that it was my birthday?
The fact that he didn't mention my name was irrelevant. I was heartbroken when I went to school and found out that several classmates had received the same message from the same player.
Now, we have the grownup version of that tape. Only my parents didn't spend $250 on their tape. The publicly owned Green Bay Packers are giving their fans a chance to buy stock in the team at $250 a share, plus a $25 handling fee.
Now, I have never been to Lambeau Field. Still, I would guess that if you walked around that park to some of the gift shops, you could probably find a souvenir for cheaper than what amounts to $275.
From the outside looking in, I'll say that one of the Packers' greatest charms is that they are publicly owned. There's no menacing figure like Jerry Jones stalking their sidelines. Charming, yes?
But would I advise a friend of mine to be a part of that charm? No, not for a second.
Really, those choosing to purchase stock have no actual say in anything that happens.
I know that's not really news to anybody. So, how sentimental do you have to be to drop that kind of money to say that you're part owner of the Green Bay Packers? Really, it doesn't matter if you have the money at your disposal or not—this is a curious way to spend money.
Honestly, if you want to go drop this kind of money to say that you're the "owner" of the Packers, that's your business. Just realize that you're basically going to be spending a pretty nice chunk of change on a piece of paper.
I would bet that if you spent some time on your computer, you could design something that looks pretty similar to that. It wouldn't cost nearly as much and would have the same net value.
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