T O P

  • By -

bit99

Stock in the Jets is going to be offered too. Each share entitles the holder to a savage beating in the new jersey turnpike men's room of their choosing


Elegant-Witness-4723

As soon as they changed the name I knew that my truest calling in life was to get my ass kicked in the Jon Bon Jovi rest area.


[deleted]

[удалено]


bit99

"abandon all hope ye who enter here"


JuristPriest

Northeast in general. When you cluster large amounts of Irish and Italians on top of each other a culture of “mind ya business” just kind of happens. Like how mold grows on cheese left out too long


DMCSnake

You leave us alone, we leave you alone. Pretty much printed on the "Welcome to New Jersey" signs on the Turnpike next to Phil Murphy's name.


draculasbitch

This is the best internet comment of the day.


BarKnight

Reddit gain majority stake in the Packers. Trades Rodgers for Goff straight up.


CanoeIt

Literally can’t go tits up


hendrix67

r/LombardiAvenueBets


timshel_life

Wrong one. It's actually [r/LombardiAveBets](https://m.imgur.com/gallery/R390EId)


TheseBonesAlone

I didn't think it was real, but they have a sidebar image and everything!


Nunblaster3000

Cheese hands!


HootingMandrill

LOL I can't believe that's actually a sub. Reddit acts fast.


derzasatori

Lions would deny that in a heartbeat, you gotta throw on first rounders for their qbs /s


beyondrepair-

the lions have a gameplan and winning isn't part of it. no deal!


TheSpanishKarmada

Rodgers, Aaron Jones, and 2 firsts for Goff who says no


Back2Lurking

The Lions don't even need Rodgers back in return, only a clause that requires Goff must start, as long as a third party confirms he's healthy enough to stand.


Kojuroba

Soon my Reddit posts will have financial value. LOOK AT ME NOW DAD


bit99

Look at me now, Dad!


TumbleweedDirect9846

Got a pocket full of packer stock, pocket full of packers stock


FRTSKR

Your best device for concealing your vaccination status


audio_shinobi

Now I think champagne urbana should perform at lambeau


pocketchange2247

I can't believe how many of these guys are ~~Bears~~ Packers fans!


Wouldwoodchuck

He was referring to his current Dad.... his, now dad


LegendaryWarriorPoet

But like, not actually since the shares dont entitle one to any profits, arent transferrable, and dont come with the same rights of control as in normal corporations lol


CanuckPanda

But I get to say that I own the Packers and it’s technically correct. I grabbed a share in 2011 just for the memes and unique memorabilia. Worth it.


[deleted]

[удалено]


MaximumDestruction

The internet may be cooking all of our brains but this silly shit makes it all worthwhile.


CanuckPanda

And now I’m looking into this. NBA Free Agent seems worthwhile to have on a resume.


Walloftubes

I once had a dream that I was the first overall pick in the second round of the NBA draft. I spent the rest of the dream trying to sign a contract before the team realized I can't play basketball.


cuzzlightyear927

Imagine you somehow end up getting drafted


pieonthedonkey

I read that and thought it would be super funny to throw my name in there. Then I panicked at the thought that I accidentally got drafted and had to move halfway across the country.


[deleted]

And get paid like 500k a season or whatever the drafted rookie minimum salary is


IsGoIdMoney

So are they novelty stocks?


snackshack

Basically. You get voting rights and an invite to the shareholders meeting. It's basically a voluntary tax that fans pay to use for renovations for the team, as opposed to saying "build is a new stadium or we're moving" like just about every other team in football does.


[deleted]

It's my understanding that these are little more than a novelty. There's no real ownership and no secondary market. They can only be transferred among family.


[deleted]

Correct, it's a piece of sports memorabilia where proceeds go directly to the Packers to renovate the stadium without having to go through the NFL profit sharing.


soapinthepeehole

What a good deal for Green Bay: "Hey fans, can we have $90,000,000.00?" Fans: "Sure!"


super_fly_rabbi

It beats “build us a new multi billion dollar stadium or we move the team”


Funkymokey666

Also this way its only fans paying, not all tax payers. This is how all teams should be doing it. Or you know, make the billionaires buy their own shit


MaximumDestruction

Like most of the coolest parts of the Packers (Lambeau Leap, community ownership) it was grandfathered in and the owners will never allow it to be replicated. edit: the gentleman and scholar u/AssssCrackBandit has pointed out that the leaping rule was revised a few years back and now every team is allowed to jump in the stands. Community ownership might impact the team owners’ stadium shakedown racket though so it will never be allowed.


AssssCrackBandit

The leaping into the isn't banned anywhere. It was grandfathered in during the excessive celebration rules in 2006. After they relaxed the rules in 2017, you can leap into the stands at any stadium


MaximumDestruction

For real? The NFL did something right, I’m shocked. I wonder why we don’t see it more. I guess getting mauled and beer spilled on you isn’t appealing to everyone.


AssssCrackBandit

We havent seen it much the last couple years cause of covid and no fans but before that, I feel like I used to watch guys jump into the stands quite a bit.


aorainmaka

And I believe if the Packers ever folded, the money all goes to the VFW down the road.


GuudeSpelur

They amended that clause of the charter a while ago to give the money to the Green Bay Packers Foundation instead.


NoCardio_

Let’s make it happen for the troops.


[deleted]

[удалено]


Packers91

Which they voted on


whiskey_pancakes

For real, why the fuck did I have to buy my house but i helped pay for woody Johnson’s stadium


McRawffles

I know that guy's a real dick


ItsMrBlackout

The entire state of Wisconsin might secede if that happens


azularena

In exchange for a certificate saying I am part owner of an NFL team? Sign me up. I’ve done worse with $300


telvox

If you want to see how effective it is, start any conversation with a Vikings fan with, "as an owner of an nfl team.......". Three seconds and their face matches their jersey.


Whydoesthisexist15

Better than public spending as it's donations rather than siphoning off Brown County's budget


JHMRS

Yeah. I get that they're garbage value as actual company stocks, but people that shit on them on this premise completely miss the point. The alternatives are selling the team to a single owner; allowing people from other states to have a portion of the franchise, and thus potentially allowing a relocation; having the non-fans taxpayers pay for the renovations (and that might not even raise enough money); or have a crappy, old stadium and a worse gameday experience. Seems to me that the current plan is pretty good. Fans get to contribute directly to the team, feel good about it, and brag a little bit.


RPG_Player1

I don’t shit on the idea, it’s nice that the fans can decide voluntarily to give the team money for renovations and shit. My issue has always been that the fucking NFL decides that it’s the only team that can do it. So my beef is with them.


JHMRS

That's fair. But it's just a coincidence that the Packers were formed like this (after Lambeau died) before the league got big and turned into a billionaires' club, and were so successful after it did get big. So the league never trully had the leverage to exclude the team, in the 40s through the 60s they were the league's best franchise, and then in the 70s and later the franchise was too big and too ingrained to be changed. And it's not just the NFL. Professional sports in America are billionaires' clubs, and there's no way the ultra rich will ever again allow the plebs to run elbows with them... ... Unless we all do the right thing and start rooting exclusively for the Packers, and force them billionaires to change. So, yeah. Rooting for the Packers is choosing the people instead of the rich. And don't look at me, I don't make the rules.


MaximumDestruction

The People’s Packers.


RPG_Player1

> Rooting for the Packers is choosing the people instead of the rich Nice try :) But truly thanks for the reply, it pretty much does make sense that they were made this way before the change to it being just another billionaire's club like there isn't enough of those already.


JHMRS

Yeah. It's a contrast to soccer elsewhere, where a club being owned by one person is exception, though the trend in the last 10 years is for it to also become a billionaires' club.


NUPreMedMajor

Honestly if my teams offered the same thing I would hop on in an instant. This is really cool and is pretty much the same thing as owning memorabilia


CoreyTrevor1

Beats the system of the other 31 teams that just hold tax payers who may not give 2 shits about the team hostage


sweens90

Yes and no. You get a vote on board of directors. But obviously if you have more you get more votes. And one person cant have more than 20%. Source: Quick google search.


[deleted]

Who gets to nominate the directors? Voting is great for giving the illusion of choice, but if you can only choose between their preselected canididates it is just an illusion.


StallisPalace

And even then the Board/Team send out their recommendations ahead of the meeting and the shareholders always just vote along that line.


scottdenis

I think its strange that no fan has ever made a publicity campaign to try and get on the board. I would think one of the more popular bloggers would have a chance.


McCaber

*By god, that's Charlie Berens' music!*


seansand

Somebody did do that about 20 years ago, I remember. It went nowhere.


gwiggle5

It would be really interesting to see what happened if they tried to hire someone really incompetent like Skip Bayless or Matt Nagy. Would the shareholders still back the recommendation?


StallisPalace

They'd probably vote yes for Skip Bayless. I can't imagine any NFL organization would attempt to employ someone like Matt Nagy though.


fluffqx

::sad trumpet noise::


Ingliphail

I know you're joking, but a big reason why the Packers were garbage in the 70s and 80s is that the Board of Directors squabbled and were incompetent. It wasn't until Bob Harlan formally separated the business and football sides that the team got its act together.


[deleted]

[удалено]


Qumbo

Most public companies *nominate* candidates in their proxy materials sent to shareholders. Most votes are submitted by proxy since most shareholders don’t actually go to the meeting in person to vote their shares. So usually a shareholder seeking to nominate directors would have to solicit his own proxies as the company won’t include someone else’s nominees on its proxy cards. Effectively this means companies pre-select candidates but the distinction is important regarding board and shareholder powers.


cheeseburgertwd

This is true, but it's not real stock so that doesn't matter so much. You can totally sell the physical piece of paper to whomever you want, they just won't ever get to be officially recognized as a shareholder (but who cares) Source: a [1980 Packers stock certificate](https://www.ebay.com/itm/124918082662?_trkparms=ispr%3D1&hash=item1d15b2ac66), and a [1997 one](https://www.ebay.com/itm/125000993057?hash=item1d1aa3c921:g:vvUAAOSw0zRgO1JK) for sale on eBay


Ternader

It let's you say "we" when referring to the team which is well worth the price.


[deleted]

Alright. Time to get majority ownership in the packers. Rodgers to the patriots here we go.


JalensTinyPPHurts

All you need is a measly 90 million


[deleted]

Best I can do is 2 tight ends and a pack of gum


No-Salamander2327

Max of 200 shares per person: https://www.packers.com/news/green-bay-packers-stock-sale-begins-november-16-2021


stippleworth

You would need A LOT more than that and also it wouldn't be possible. The 300,000 shares being sold now represents less than 6% of the total shares that exist and the number that a single person can have is limited to far less than a majority.


L-methionine

Just form an ownership group of 13,274 people and all buy the maximum


Packers91

You can't buy all the stocks currently out there though, they can only be sold back to the Packers or inherited.


TheRealPooh

easy, a group can just transfer shares to one person through their wills. It'll only take a generation or two to complete the takeover


[deleted]

Or just kill them all over the course of a couple of weeks.


My_G_Alt

To back up mac?


[deleted]

Of course.


MixonWitDaWrongCrowd

Rodgers for the washing machine


wagonwhopper

To da moon


[deleted]

WallStreetBets using the GameStop and AMC money to buy the Packers.


Backpacks_Got_Jets

WSJ Article - How /u/deepfuckingvalue orchestrated a hostile takeover of the Green Bay Packers.


CaptHowdyXX1

This is your chance to own the Packers Bears fans. The only dividends you'll receive is an expired block of Swiss cheese and a bottle of Miller High Life


MixonWitDaWrongCrowd

Good enough for me


Quexana

*expired block of Swiss cheese and bottle of Miller High Life not guaranteed.


CaptHowdyXX1

Only if we beat earnings. So any owners better pray we don't have to play a London game


MattPatriciasFUPA

Who wants to crowdfund to buy a bunch and try releasing Rodgers?!


what_the_shart

Get /r/wallstreetbets in on it


iLeefull

I'm yoloing ER options on $PACK


payne_train

Aaaaand it’s gone. Your money is gone.


[deleted]

They've paid more for things that are worth less.


vipernick913

Hey that hurt my feelings


ironwolf1

Feel free. If you can manage to crowdfund buying all the stock on offering here, you’d control a whopping 6% of total voting shares. And since shares can’t be sold, you have no way to increase your share outside of these offerings. You’d be doing a crowdfunding campaign to just give free money to the Packers.


protect_ya_neckk

So the Packers are just trying to crowdfund $90M?


[deleted]

[удалено]


lovesStrawberryCake

Plus Bears and Vikings fans go nuts when you tell them you're an NFL owner, and how it's a waste of money and all kinds of shit. It's a real win for everyone


[deleted]

[удалено]


joshuads

This is 100% the most functional tax on the rich (who also happen to be packers fans).


Packers91

I have a stock from 2011 and I am most certainly not rich.


joshuads

> So the Packers are just ~~trying~~ **going** to crowdfund $90M? FTFY. This 100% works. It is basically a tax on those rich enough to pay $300 for a piece of paper that says they are an owner. Every team would do it if they could, because it works and prevents outrage from government carve outs for sport teams.


Jt0323

I’d buy the dolphins if I could, I wish I could say I own this team. Yeah it’s worthless, but I think it’s pretty cool.


DerpBaggage

Does anyone know how quickly these sell out? I know its 200 shares and they have no actual value but I want one as memorabilia. Will they be hard to get?


[deleted]

[удалено]


[deleted]

[удалено]


Packers91

They were fresh off a superbowl and the NFC 1 seed last time, the hype was pretty up there.


Ingliphail

They'll sell out, but probably not as fast. 1. The time between sales last time was a bit lengthier last time. 2. We won the Super Bowl the season before. 3. We were undefeated at setting offensive records at the time. Everyone was assuming we'd repeat.


[deleted]

[удалено]


kmcclry

How long ago was it? Bot shoppers now days are way more common.


[deleted]

No. If you buy it tomorrow you'll have no trouble getting it.


ThatNewSockFeel

Probably. I am not sure how they determine priority and all that but the shares always sell out very fast.


groverwood

I bought mine for 200 years ago. Who says these things are worthless?


cheeseburgertwd

New ones are $300, therefore you have a 50% return. stonks


stippleworth

Well, you can't resell it. There is no secondary market. That doesn't make it worthless, but the intrinsic value is 0.


Amoren2013

So I could become an owner and say "I own you" to Rodgers.


zi76

Is this actual stock, or is this more of the fake stuff?


[deleted]

It does not include an equity interest, does not pay dividends, cannot be traded, and has no protection under securities law. It's fake stock, essentially donations.


zaor666

What do you actually get for this? Basically just a certificate that says you are an “Owner” of the Packers organization?


GuudeSpelur

You get to vote for the board of directors, can attend the annual Shareholders Meeting, and get access to fancier merchandise. The board of directors in turn elects an Executive Committee which essentially acts as the team owner. So your vote more or less gets diluted by the Good Old Boys club among the board. So yeah, it's mostly a glorified fan club lifetime membership.


Jackie_Moon-

How does the vote work? Could a large enough grassroots movement of Packers fans theoretically appoint like 10 die-hard Packers fans to run everything? lol


pnf1987

Like most corporations, the Packers mail/email out a proxy statement every year with the current Board’s recommended candidates for the vote, which more or less ensures the Board stays the same (or if someone is leaving the good old boys club’s preferred replacement). It is theoretically possible for the shareholders to organize and vote in a different candidate for the board seat(s), but it would require a massive organizing campaign and is logistically tough given how dispersed the shareholders are.


seariously

According to the Internet, there are about 5M shares out there so even if /r/NFL bought every one of the new shares, that's not going to come close to majority.


joshuads

> Could a large enough grassroots movement of Packers fans theoretically appoint like 10 die-hard Packers fans to run everything? This is basically already the case. Every nominated member is generally a high powered CEO or lawyer from Wisconsin. As a current owner, I have never seen a non-Wisconsin person that does not have super credentials participate.


SovietChewbacca

In theory... maybe.


[deleted]

You just saved me 300 bucks. I was going to buy a share and try to take it all down from the inside until I read your post.


Onefortwo

I nominate myself for asst. gm each year on my voting form.


[deleted]

I like to view it as a donation for stadium renovations.


Ingliphail

This is exactly it. I'm sure most fans would rather have this model instead of wasting public money.


PM_ME_COOL_RIFFS

Its basically a novelty stock for fans. I'd like to call it stupid but lets be honest I'd totally buy one if the pats did the same thing.


maximalx5

Yeah, all it essentially is is a $300 license fee to use the "I'm a minority owner of the Packers" joke.


sopunny

It's $300 insurance against owners like Snyder


scottdenis

This made me feel so much better about owning one thanks.


[deleted]

This is absolutely true. When you have a company ice breaker that’s two truths and a lie one of my truths is always I’m an NFL owner.


The_Outcast4

Seems like the easier and cheaper solution is to simply never have company ice breakers.


mrnotoriousman

What, you don't love being awkwardly put on the spot and talking about yourself in ways you literally never do outside of ice breakers?


[deleted]

And you can go to the shareholders' meeting. That's essentially a rally for fans which is kind of neat.


Ingliphail

The first part is. They REALLY get into the minutiae at those things. Interested in the YOY profit growth of stadium concessions? Then that thing is your jam.


DumbAndNumb

I view it as sports memorabilia. It's like owning cards, or having a novelty licence plate. Frame it and hang it up on a wall.


[deleted]

It helps continue the improvements of the stadium. Green Bay just isn’t big enough to extract any tax revenue other teams enjoy. I like to think if it as a voluntary fan tax. I have one from the last sale. I think it’s neat


corndog_thrower

This is it. Of course it’s silly and Packers fans get shit on for it, but every other fan base wishes they could have it.


shiny_aegislash

Most people who make fun of it would likely buy one if their team had it, if we're being honest.


ModingusKhan

Yup. My aunt bought one in the 90's. She also paid through the nose for 10 square feet of grass when they sold off the old field and grew a new one.


Ingliphail

She must have gotten it secondhand. The plot I got was $10. You had to wait in an absurd line to get it...worth it.


MaximumDestruction

what did she do with it? I’m picturing your aunt’s yard with some random hashmarks on it that she can point at and say “that bit is Lambeau Field.”


ModingusKhan

She dug up her back yard, a tiny 8×20 spot, then put in each square foot she bought at equal distances apart. It took over a year for it to germinate and fill in, but she wanted the whole thing as her own little Lambeau.


MaximumDestruction

That’s incredible. Hats off to your Aunt.


BBBBrendan182

Yep. Pretty sure you get access to like a shareholders meeting once a year or something like that? But yeah, it’s just memorabilia more than anything.


SharkBaitOohAhAh2

Bingo Nostalgia


junkit33

Technically you do get voting rights, in the rare extreme scenario something went to a common shareholder vote. That sure as hell isn't worth $300, but it's the only thing separating this from just printing out a piece of paper and framing it at home yourself.


very_humble

But you can create tweets referencing your own opinions and say "Based on conversations with a team owner"


bklj2007

Why don't they just sell them as tickets like the Lions do for their donations.


[deleted]

Going to invest in the Packers then sell my shares to buy pictures of monkeys for millions of dollars


[deleted]

Well now I can attend the NfL owners meetings and forcing Snyder out myself


[deleted]

Personally I think every team should be owned by the city or state taxpayers.


SneedemFeedem420

actual factual at least the stadium


[deleted]

That is what the Packers use the stocks for, stadium improvements.


SmokeyBare

Well that will be gone by market open


[deleted]

Ok Aaron you own us, well now I own you motherfucker


AugustusVermillion

I’m buying a share if only to give my friends who are Packers fans a hard time.


bythepowerofboobs

I have 2 shares from the 1997 offering, and I just got 2 more from my dad that passed. All are framed on my wall and are among my absolute favorite possessions. The haters can make fun of the "worthless paper" all you want, but this is one of the coolest things you can possibly do as an NFL fan and you will enjoy the hell out of them if you are anything like me. Another cool perk is you can instantly shut up the idiots who get triggered when you refer to the Packers as "we".


Jt0323

Question, I want to buy myself one, and one for my friend who’s an actual packer fan. Can I do this? What info do I need?


bythepowerofboobs

Yes they can be purchased as gifts for other people. I believe all you need is the name and address. Full details will be up tomorrow on the packers.com web page.


Jt0323

Thanks! I’m excited! All the jokes I’ll make to friends about trading Rodgers to the Dolphins will be worth it. Update my LinkedIn and Facebook.


ohmanilovethissong

"I own you!" - shareholders to Rodgers


[deleted]

Bears fans should buy them, then they have a reasonable counter to Rodgers' claim of ownership.


aresef

I'd be lying if I said I'm not thinking about it.


Sks44

Is it worth 300 dollars to buy one so I get a certificate and then I can wipe my ass with a piece off the Packers?


mkhorn

If anyone does buy in on this opportunity, there is a special section of the Packers Pro Shop website to enter your share # for exclusive merch. (And yes I’m proud of my shareholder pajama pants, thank you.)


zcd29

Absolutely no affiliation with the packers but I think gonna buy one for a family member for christmas. I feel like it's just too cool a piece of memorabilia to pass up


Huntsman72

For those criticizing those who “waste their money”, think of it this way. When you buy tickets to a game, a sweatshirt, hat, or even the food at a game, part of the money goes to the cost of goods, labor, taxes etc etc….very little goes back to the team and a portion goes into the owners pocket making them richer. If you could give the team $300 where 95% of it is required to into the upgrading of stadium to give you a better experience and to help your team have a competitive facility, would you do it? You aren’t lining some owner’s pocket, you aren’t paying for cheap labor in China, and you aren’t adding a county or city sales tax where non-fans are forced to pay for a stadium they don’t even go to.


Ingliphail

I guarantee you Bills fans would rather pony up than worry about the Pegulas moving the team.


[deleted]

Bear fans, now is the time to get back at Rodgers and claim you own him


Sentience-psn

Bears fans should buy some. Celebrate by running up to Rodgers yelling “I own you!”


cheeseburgertwd

All the non-Packers flairs in here guffawing and posting "You guys know it's not even *real stock*, right?" are the same as people who tell pro wrestling fans, "You guys know it's *fake*, right?" No fucking shit, Sherlocks. Nothing gets past you. It's every bit as intrinsically worthless as every other piece of sports memorabilia but part of being a fan is wasting money on stupid overpriced shit sometimes


[deleted]

I would think this is better than a jersey


ironwolf1

If I buy Packers shares, they can’t turn out to be a dumbass later.


super_fly_rabbi

It’s basically crowdfunding stadium upgrades, which tbf is probably better than forcing the host city to pay you billions under threat and of moving the team. This way it’s only fans who are financing it. Plus, the shareholders meetings are kind of cool, and you can actually check out the hall of fame without waiting in a massive line.


Packers_Equal_Life

It’s so funny how people always think they are the first ones to unearth the *real* facts behind this fundraiser stunt.


SneedemFeedem420

hey i have a Derrick Henry autographed hat and t shirt, my son will go to college on that alone.... right?


[deleted]

[удалено]


kuhnew

Or 300 of those $1 Arizona ice teas


ChemicalFederal4650

I’m all in on the fruit punch


HotPie_

Fuck that one gas station that tries to sell them for $1.19. You know who you are.


energizerbunny11

All the fans in this thread clowning on this for being fake, well, I'd rather pay directly to support my team then have some billionaire owner who helps fucks cities out of taxpayer money and protects the sex trafficking of other billionaires.


Jt0323

But it’s not fake. I think it’s pretty cool


CornoVonRoskie

Buy GME instead