Advertisement

You will be redirected to the page you want to view in  seconds.

Why Packers stock is selling like crazy

Nov. 6, 2013
 
  • Filed Under

In 1997 the Packers sold 120,000 shares of stock at $200 per share. This week, in just two days, they have sold 185,000 shares — at $250 per share — and are well on their way to selling their 250,000 share allotment. In just 48 hours the Packers have raised roughly $46 million for stock that doesn’t pay dividends, can’t be re-sold and won’t go up in value. Even Packers players are buying stock, as I noted in my column this week. Why the outpouring of cold hard cash during what many consider tough economic times? No. 1 — The Internet era has made it easier for more people around the country to easily punch a few keys on their computer and order stock. The last time around the process was done mostly by mail or fax and it took longer and was more complicated. No. 2 — There is more national awareness about the Packers and their plan to sell stock. Fans can now easily access websites that have been spewing information about the sale for weeks. In the past, widespread word about the stock sale might not have gotten much reach beyond the state of Wisconsin. No. 3 — The NFL and the Packers are more popular than ever with the number fans growing by the day. No. 4 — The timing couldn’t be better for the Packers, who are brimming with positive vibes on the heels of a Super Bowl championship and current 18-game winning streak. No. 5 — Perhaps the economy isn’t as bad as some think. Or those who have cut back on their spending in recent months have a stockpile of cash and are now willing to use it. I should have known the stock would go quickly based on two examples I encountered this week: *I know someone who doesn’t have one shred of sentiment toward the Packers, isn’t a fan of the team and is quick to point out a scam when he sees one. This person is as skeptical as they come. Yet he bought a share of Packers stock to give as a Christmas gift for a relative. If the Packers can reach the cynics out there, think how easy it has been to induce the diehard fans to shell out money for stock. *I know a couple living in the Green Bay area devoted to the Chicago Bears. Yet they planned to buy shares of Packers stock for themselves and their children. No, it wasn’t an attempt at a hostile takeover. Instead, they are struck by the novelty of owning a piece of an NFL franchise and didn’t hesitate to open up their wallet, even if it meant showing support to a longstanding division rival. The Packers simply cannot lose, on or off the field. Even their enemies are standing in line waiting to make a donation. Only in Green Bay.

About this blog

Get Green Bay Packers updates as they happen from our reporting team: (from left) Mike Vandermause, Wes Hodkiewicz and Pete Dougherty.

What's your take on the Packers Family Night change?

Retrieving results.
Watching practice is fine.(Your vote)
15%
575 votes
I'd rather watch a scrimmage.(Your vote)
23%
856 votes
I don't want to pay to watch practice.(Your vote)
27%
1016 votes
It doesn't matter to me.(Your vote)
34%
1271 votes

Catch up on the latest in our pregame show every game day.

Football fans

If you've ever answered "Who has the ball?" with "It's halftime," you might recognize The Airhead. Check out the characters in our cartoon gallery of oddball fans.

Special Reports

ORDER YOURS

Football fans

If you've ever answered "Who has the ball?" with "It's halftime," you might recognize The Airhead. Check out the characters in our cartoon gallery of oddball fans.

Special Reports