Forums
New posts
Search forums
What's new
New posts
New media
New media comments
New resources
Latest activity
Media
New media
New comments
Search media
Resources
Latest reviews
Search resources
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Forums
Open Football Discussion
Green Bay Packers Fan Forum
Packers Stock Sale
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="El Guapo" data-source="post: 951809" data-attributes="member: 5830"><p>The stock program originally kept the Packers alive back in the 20s, 30s, and 50s. Back then it was proof to Bert Bell and other owners that the city of Green Bay and state of Wisconsin strongly backed the team. The mostly successful stock sales, besides generating needed cash, were also signals to the NFL not to kill off the Packers during times of contraction and league realignment. Since then the 1997, 2011, and now 2021 sales have been about stadium improvements. The funds were not used to keep the team afloat, but to lessen the local burden of stadium projections. </p><p></p><p>So when folks in Florida or Minnesota or Chicago or anywhere else snicker at the *rubes* buying worthless stock....we are supporting our team financially and gaining limited voting rights. I don't live in Wisconsin anymore but go to Lambeau several times per season. I don't stay in hotels or eat out much when there, so buying stock is one way that I can contribute to a stadium that I use, instead of letting the residents of Brown County bear all of the burden. </p><p></p><p>That said, the Packers planned to use the 2021/22 stock funds to replace the scoreboard and other upgrades. With only selling 2/3rds of the expected stock, it will be interesting to see if they reduce scope, use some of the considerable funds on hand to make up the difference, take out a loan, or go to the public.</p></blockquote><p></p>
[QUOTE="El Guapo, post: 951809, member: 5830"] The stock program originally kept the Packers alive back in the 20s, 30s, and 50s. Back then it was proof to Bert Bell and other owners that the city of Green Bay and state of Wisconsin strongly backed the team. The mostly successful stock sales, besides generating needed cash, were also signals to the NFL not to kill off the Packers during times of contraction and league realignment. Since then the 1997, 2011, and now 2021 sales have been about stadium improvements. The funds were not used to keep the team afloat, but to lessen the local burden of stadium projections. So when folks in Florida or Minnesota or Chicago or anywhere else snicker at the *rubes* buying worthless stock....we are supporting our team financially and gaining limited voting rights. I don't live in Wisconsin anymore but go to Lambeau several times per season. I don't stay in hotels or eat out much when there, so buying stock is one way that I can contribute to a stadium that I use, instead of letting the residents of Brown County bear all of the burden. That said, the Packers planned to use the 2021/22 stock funds to replace the scoreboard and other upgrades. With only selling 2/3rds of the expected stock, it will be interesting to see if they reduce scope, use some of the considerable funds on hand to make up the difference, take out a loan, or go to the public. [/QUOTE]
Insert quotes…
Verification
Post reply
Staff online
Poppa San
* Team Owner *
Members online
sschind
Poppa San
weeds
Latest posts
I had This Nightmare
Latest: Poppa San
17 minutes ago
Green Bay Packers Fan Forum
2024 3rd round #88 MarShawn Lloyd RB
Latest: Pokerbrat2000
42 minutes ago
Green Bay Packers Fan Forum
Transfer portal and NIL Money, how they have changed college sports".
Latest: Voyageur
Today at 6:00 PM
College Sports
Breaking Down the NFC North, 2024
Latest: OldSchool101
Today at 5:35 PM
Green Bay Packers Fan Forum
The Jordan Love Era Begins
Latest: AmishMafia
Today at 5:02 PM
Green Bay Packers Fan Forum
Forums
Open Football Discussion
Green Bay Packers Fan Forum
Packers Stock Sale
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…
Top