2021-2022 NFL Season

[Jockey]

Packers making millions of dollars of stock available to the public ...

https://www.cnbc.com/2021/11/15/green-bay-packers-to-sell-stock-shares-in-nfl-team-.html

Guess they need to pay for Dr. Rogan's medical advice.

If my QBs were Darnold & Cam, I wouldn't be making fun of some other team's QB. 

[Uncle Rico]

Packers making millions of dollars of stock available to the public ...

https://www.cnbc.com/2021/11/15/green-bay-packers-to-sell-stock-shares-in-nfl-team-.html

Guess they need to pay for Dr. Rogan's medical advice.

There’s a sucker born every minute

[Jockey]

There’s a sucker born every minute

I think most people just look at it as a collectible for their hobby. You should see the prices I get for little pieces of cardboard just cuz they have a baseball player's picture on them.

[GB Warrior]

Personally thought the Packers should issue NFTs

[Herman Cain]

49ers up against Rams 24-7 heading into  fourth quarter. Need a strong performance to close the game out. I think if 49ers win, Packers move into the top spot in the conference.

[Pakuni]

Matthew Stafford is the same guy he was for 12 years in Detroit.

[GB Warrior]

Live look-in at OBJ

[DegenerateDish]

Packers making millions of dollars of pieces of paper available to the public ...

https://www.cnbc.com/2021/11/15/green-bay-packers-to-sell-stock-shares-in-nfl-team-.html

Guess they need to pay for Dr. Rogan's medical advice.

FIFY

[The Hippie Satan of Hyperbole]

Live look-in at OBJ

Who made the mistake?  OBJ or the Rams?

[Herman Cain]

Packers in a position now to control their destiny playoff seeding wise.

[The Hippie Satan of Hyperbole]

Packers in a position now to control their destiny playoff seeding wise.

Nope.  Dallas controls their own destiny now.  If they win out and the Packers win out, there is no head to head, and they would be tied on conference record, but Dallas will have a better record against common opponents as they still have games against KC and NO on their schedule.  And the Packers don't play the Bucs or Broncos - the two teams that Dallas lost to.

[JWags85]

Who made the mistake?  OBJ or the Rams?

Honestly too early to tell.  I'll wait till he's had a full week or two of practice with the team and Stafford to judge.  The narrative was funny but people that expected him to come in and go 9 for 120 and a TD were unrealistic to the max.

Though as much as it pains me to say it, I do think GB would have been a much better fit football wise.

[DegenerateDish]

If I were the Packers, I’d have a stock sale every other year, right around this time in mid November.

I’d also charge $500 a share, cap it at 500k shares for sale. $250 million every other year at a profit point of 99.99% (unless toner cartridge prices skyrocket).

It’s the best business racket in all of sports. I can’t believe they don’t exploit it more.

[The Hippie Satan of Hyperbole]

My understanding is that it has to be used for facility improvements, which have to be approved by the NFL ahead of time.

[Jockey]

My understanding is that it has to be used for facility improvements, which have to be approved by the NFL ahead of time.

Fans voluntarily paying for stadium repair/renovation sure beats hooking taxpayers into doing it.

Even though it is basically just a worthless piece of paper, it's also a feel good for fans who want to feel like they are part of something.

[Spotcheck Billy]

Jeez, add up the $25/year donation from my Packer plates and they should send me a certificate too.

[Billy Hoyle]

Matthew Stafford is the same guy he was for 12 years in Detroit.

as a Lions fan, I'm taking some joy in seeing Pat Statford's struggles. It's kind of all we have right now.

[Jockey]

Jeez, add up the $25/year donation from my Packer plates and they should send me a certificate too.

I may be wrong, but that money is only for maintenance? Can't be used for renovation.

[dgies9156]

Packers making millions of dollars of stock available to the public ...

https://www.cnbc.com/2021/11/15/green-bay-packers-to-sell-stock-shares-in-nfl-team-.html

This is a complete fraud worthy of an SEC investigation. They are ownership certificates but owners do not control the affairs of the company, do not share in the profits and there is no market for the security.

Do the contributions received constitute income worthy of taxation? They should, since the Green Bay Packers are a public company. This is pure income to a taxable corporation.

I think I'd rather have a $300 to $500 autographed jersey from Bart Starr. It's worth more and has a more liquid and deep secondary market.

[RJax55]

This is a complete fraud worthy of an SEC investigation. They are ownership certificates but owners do not control the affairs of the company, do not share in the profits and there is no market for the security.

Do the contributions received constitute income worthy of taxation? They should, since the Green Bay Packers are a public company. This is pure income to a taxable corporation.

I think I'd rather have a $300 to $500 autographed jersey from Bart Starr. It's worth more and has a more liquid and deep secondary market.

It is $300 wall art. I think it is pretty stupid to purchase, but people buy dumb stuff all the time.

[Jockey]

This is a complete fraud worthy of an SEC investigation. They are ownership certificates but owners do not control the affairs of the company, do not share in the profits and there is no market for the security.

Do the contributions received constitute income worthy of taxation? They should, since the Green Bay Packers are a public company. This is pure income to a taxable corporation.

I think I'd rather have a $300 to $500 autographed jersey from Bart Starr. It's worth more and has a more liquid and deep secondary market.

What exactly is the fraud? People who buy these know what they are getting (basically a souvenir) and the Packers make no attempt to hide what they are - money being raised for renovation.

As far as income for the team, do you have evidence that they do not declare this as income? That would be pretty stupid since the sale of the stock is done openly.

So again, what is being done fraudulently?

[Babybluejeans]

What exactly is the fraud? People who buy these know what they are getting (basically a souvenir) and the Packers make no attempt to hide what they are - money being raised for renovation.

As far as income for the team, do you have evidence that they do not declare this as income? That would be pretty stupid since the sale of the stock is done openly.

So again, what is being done fraudulently?

Because selling a stock implies a share of ownership or equity, which this “stock” contains absolutely none of. Just call it fundraising—a really sad thing for a successful professional sports team to do (especially given the many other useful places people could direct funds). It’s the sort of gimmick you’d expect from a WWE enterprise, not a storied sports franchise.

[dgies9156]

What exactly is the fraud?

Representing these as ownership certificates, or stock.

I never said the Packers weren’t paying taxes on the proceeds. Maybe they are. But they should be, since it is income from the sale of worthless paper.

My concern is the Packers are considering this as paid in capital for tax purposes but not for financial reporting and ownership purposes. I have no way of knowing but, dormit, this is the NFL. They don’t do things the same way as normal people.

[The Hippie Satan of Hyperbole]

Because selling a stock implies a share of ownership or equity, which this “stock” contains absolutely none of. Just call it fundraising—a really sad thing for a successful professional sports team to do (especially given the many other useful places people could direct funds). It’s the sort of gimmick you’d expect from a WWE enterprise, not a storied sports franchise.

This is the fourth or fifth time they have done it.  All under the same circumstances.  So it's a "gimmick" that fans of the franchise don't see to have much problem with.[

This is a complete fraud worthy of an SEC investigation. They are ownership certificates but owners do not control the affairs of the company, do not share in the profits and there is no market for the security.

Do the contributions received constitute income worthy of taxation? They should, since the Green Bay Packers are a public company. This is pure income to a taxable corporation.

I think I'd rather have a $300 to $500 autographed jersey from Bart Starr. It's worth more and has a more liquid and deep secondary market.

They don't pay tax on it because they are a not-for-profit corporation. 

[The Hippie Satan of Hyperbole]

Representing these as ownership certificates, or stock.

The people who buy them are legit owners.  Albeit ones without any financial benefit of ownership.

This really isn't controversial to any Packer fan or anyone who has purchased stock before.  Stop making it something it isn't.