![]() The NFL requires money raised by a stock sale to be used only for stadium projects that are beneficial to fans. The money cannot be used for operating expenses or to expand player facilities. Projects at the stadium, including completed and planned concourse upgrades, and new video scoreboards, total about $250 million. The Packers said they would use the money for improvements at Lambeau Field. Mostly, they get to vote for the team's board of directors. Shareholders have voting rights, which they can exercise at the annual meeting in July. Packers stock does not pay dividends and cannot be resold, although shares can be transferred to family members. RELATED: Silverstein: Packers GM Brian Gutekunst should trade Aaron Rodgers in offseason to strengthen already stout defense RELATED: Packers could lose another key assistant with Luke Getsy in talks with Bears In the end, the Packers sold 269,000 shares and raised $67.4 million. During its previous stock sale, in 2011-12, the Packers extended the deadline, but with 108,119 shares left, that seems unlikely this time.ĭuring the previous sale, the team offered 250,000 shares at $250 each and added another 30,000 after about three weeks. The team authorized the sale of 300,000 shares beginning Nov. This entry was posted in Uncategorized by Kevin Roth. I’m so fortunate to be an owner of the finest sports franchise in the nation. I think Al said it best, that the shareholder meetings are a unique event, and the shareholders are an integral part of the team’s history. We owners have put our hard-earned money where our heart is. It gets me charged up about football again, probably a few days ahead of most fans, as the shareholder’s meeting seems to always be held the day before players report to training camp.It’s a small hole-in-the-wall diner that serves Cincinnati-style chili, and it is excellent. My personal favorite Packers restaurant though is Chili John’s, which lore has it was a favorite of several old-timer Packer players from the Lombardi era, as well as some opponents such as Fran Tarkenton. It has since been converted to an updated version of the likeness of #80, Donald Driver. This is also now the home of “the receiver” statue that used to reside outside the old Packers Hall of Fame when it was across the street from Lambeau Field. ![]() Titletown Brewing Co. has some very interesting food choices, but also award-winning beer and outstanding fried cheese curds. Of course there is Curly’s Pub right in the Lambeau Field Atrium, but otherwise there are a few other fun places to go if you venture off-campus a bit. It’s a great excuse to come to Green Bay and have a Packer-themed lunch or brew.Also by owning it, I can say I helped build a beautiful stadium upgrade for my favorite team. And at the very worst, it’s a fun conversation piece. It’s sports memorabilia, of which there are a limited number of. It’s a symbol of our devotion to our team. The “stock” itself: Some call it a just a worthless piece of paper, but I call it a piece of history.The financial reports are pretty drab, but you don’t have to sit through it all. It was especially fun to hear Mark talk about things like what he refers to as “wall of sound” (the new south end zone) as a new advantage we haven’t had in the past, “Lombardi time” and what’s in store for Lambeau Field in the future. Ted Thompson as well, but to a lesser extent. Mark Murphy’s speeches make me feel like part of the family (or company?), like I was getting insider information before anyone else. The stadium gets about 40% full, and everyone there is a die-hard fan. The shareholder’s meeting itself is actually pretty interesting.This year I got to see the newly completed south end zone, and had the opportunity to take a tour of it. In 2012 it was exciting to hear the new sound system and see the new screens. You get to be the first to experience new stadium features.What better place to reminisce and cheer again for last season’s most memorable moments, with nearly half a stadium full of only Packer fans. It’s the first opportunity to see last year’s team highlights video, on the big screens at Lambeau – amongst fans, no less.Any reason to get inside Lambeau is a good one. It guarantees a free ticket to a Lambeau experience every year in the shareholder’s meeting.It was a 5-hour drive for me from the Twin Cities (each way), but was worth it for me. I made my second pilgrimage to Green Bay as an owner of the Green Bay Packers last week for the 2013 annual shareholder’s meeting. ![]() I’ve seen a lot of negativity and name calling on forums, and not enough about the fun and benefit of being a Green Bay Packers owner. I have heard radio DJ’s (on a Green Bay Packers talk radio station, no less) calling us idiots. ![]() I have read several articles of people criticizing the value of Packers stock and how those who spent real money on a share must be out of their minds.
0 Comments
Leave a Reply. |