Ownership or donation.

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Tar Pit
Posts: 1233
Joined: Sun Aug 03, 2008 6:43 am

Ownership or donation.

Post by Tar Pit »

http://money.cnn.com/2011/11/09/news/co ... ?iid=HP_LN

NEW YORK (CNNMoney) -- The defending Super Bowl champions Green Bay Packers are planning to sell stock to the public next week, the team's first stock offering since 1997.
But purchasers will know going in it's a lousy investment, despite the team's terrific record so far this year, due to unique restrictions on the shares of the not-for-profit company.

The would-be investors aren't allowed to sell their shares, which likely will cost more than $200 each, for a profit. They won't get a dividend. There's no way to buy enough shares to own a significant stake in the team, which is run by a board of directors. <snip>

This looks more like a donation to the packers. :eh?:
Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny.

Thomas Jefferson

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Notorious
Posts: 11909
Joined: Sun Jul 27, 2008 10:56 am

Re: Ownership or donation.

Post by Notorious »

Tar Pit wrote:http://money.cnn.com/2011/11/09/news/co ... ?iid=HP_LN

NEW YORK (CNNMoney) -- The defending Super Bowl champions Green Bay Packers are planning to sell stock to the public next week, the team's first stock offering since 1997.
But purchasers will know going in it's a lousy investment, despite the team's terrific record so far this year, due to unique restrictions on the shares of the not-for-profit company.

The would-be investors aren't allowed to sell their shares, which likely will cost more than $200 each, for a profit. They won't get a dividend. There's no way to buy enough shares to own a significant stake in the team, which is run by a board of directors. <snip>

This looks more like a donation to the packers. :eh?:
Pretty much, but its a unique chance to be able to say that you're part owner of an NFL franchise.
Never Underestimate The Fart Of A Monarch
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