Reply
 
Thread Tools Display Modes
  #1  
Old 05-06-2019, 12:48 PM
Velocity is offline
Guest
 
Join Date: Jun 2014
Posts: 14,017

If Green Bay Packers stock worked like Wall Street stocks, how would it affect the team?


(Disclaimer: Not a Packers fan)


The Packers allow many thousands of fans to own stock in them (only NFL team to do so,) but their stock does not increase or decrease in value, nor does it pay dividends. But suppose that it did - that you could track "GBP" on the Wall Street indexes every day, and that that stock rose every time the Packers neared or won a championship, and plummeted every time they did badly, and also that they had to pay out dividends, how would it affect the team's operations?
  #2  
Old 05-06-2019, 01:04 PM
kenobi 65's Avatar
kenobi 65 is offline
Corellian Nerfherder
 
Join Date: May 2000
Location: Brookfield, IL
Posts: 14,579
Disclaimer: Packer shareholder here.

Quote:
Originally Posted by Velocity View Post
The Packers allow many thousands of fans to own stock in them (only NFL team to do so,) but their stock does not increase or decrease in value, nor does it pay dividends.
Also, compared to a "normal" stock, currently, a Packers shareholder is effectively unable to sell their shares of stock. As I understand it, one can will one's share(s) to a family member, but if one wants to sell off one's shares, the Packers have the right to repurchase those shares first (and would undoubtedly exercise that right). This prevents any one person or organization from accumulating a significant ownership share in the team.

And, that leads to the big issue that would come up if Packer shares were freely traded: if someone could buy up enough shares to become a majority shareholder, it could (and probably would) lead to the team being moved out of Green Bay.

Last edited by kenobi 65; 05-06-2019 at 01:05 PM.
  #3  
Old 05-06-2019, 01:16 PM
kenobi 65's Avatar
kenobi 65 is offline
Corellian Nerfherder
 
Join Date: May 2000
Location: Brookfield, IL
Posts: 14,579
Also: the Packers' current rules on their shares prohibit one person from owning more than 200,000 shares (there are a bit more than 5 million shares currently in existence).

Details here:
https://www.packers.com/community/shareholders
  #4  
Old 05-06-2019, 01:26 PM
naita is offline
Guest
 
Join Date: Jun 2002
Location: Norway
Posts: 6,237
The biggest change is it would no longer be non-profit, so it would be more like all the other teams in the NHL.
  #5  
Old 05-06-2019, 01:35 PM
kenobi 65's Avatar
kenobi 65 is offline
Corellian Nerfherder
 
Join Date: May 2000
Location: Brookfield, IL
Posts: 14,579
Quote:
Originally Posted by naita View Post
The biggest change is it would no longer be non-profit, so it would be more like all the other teams in the NHL.
Hey, now, it gets cold in Green Bay, but the field usually isn't ice-covered.
  #6  
Old 05-06-2019, 01:41 PM
naita is offline
Guest
 
Join Date: Jun 2002
Location: Norway
Posts: 6,237
Quote:
Originally Posted by kenobi 65 View Post
Hey, now, it gets cold in Green Bay, but the field usually isn't ice-covered.
Sheesh. And it's not like I hadn't just checked various NFL sources to make sure I wasn't going to say something wrong ...
  #7  
Old 05-06-2019, 02:00 PM
Velocity is offline
Guest
 
Join Date: Jun 2014
Posts: 14,017
That would actually have been a pretty sick burn, naita, if it hadn't been a typo on your part
  #8  
Old 05-07-2019, 11:13 AM
Sir T-Cups is offline
Guest
 
Join Date: Oct 2008
Location: Orlando, FL
Posts: 8,536
I prefer to think of it as a non-typo.

Good burn!
__________________
Want to see more of my adventures in Orlando? Follow Mrs. Cups and me @theorlandoduo on Instagram. And check out our blog too: TheOrlandoDuo.com
  #9  
Old 05-07-2019, 12:07 PM
naita is offline
Guest
 
Join Date: Jun 2002
Location: Norway
Posts: 6,237
1. NHL
2. ???
3. Ice for my burn
  #10  
Old 05-07-2019, 12:16 PM
Omniscient is offline
Charter Member
 
Join Date: Apr 1999
Location: Chicago, IL, USA
Posts: 17,314
It would effect the team by making it way more valuable. There's be a bunch of billionaires who haven't previously been allowed in the NFL boys club and they would absolutely put a run on the stock and buy up a controlling stake. It would immediately become the highest value franchise.

It would also probably be destroyed in the long run. It'd get moved out of Green Bay at the first opportunity for a bigger market. Investors would insist on a lot of short-term revenue-positive moves to drive up the stock price which would likely harm the long term success on the field. They would probably stop investing in new infrastructure like training facilities and scouts. The players would be flying commercial again. Sponsorships would go absolutely wild. They'd probably sue the NFL to sever a bunch of the restrictions placed on owners for the good of the league and competitive balance. Players would become even more fungible than they already are, but you could see a scenarios where players end up with some type of revenue sharing program in place of fixed salaries.

It would be pretty messed up I suspect. The NFL cartel of today is really fucked up, but a publicly held NFL would probably be a lot worse.
Reply

Bookmarks

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is Off
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 02:07 AM.

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2019, vBulletin Solutions, Inc.

Send questions for Cecil Adams to: cecil@straightdope.com

Send comments about this website to: webmaster@straightdope.com

Terms of Use / Privacy Policy

Advertise on the Straight Dope!
(Your direct line to thousands of the smartest, hippest people on the planet, plus a few total dipsticks.)

Copyright 2018 STM Reader, LLC.

 
Copyright © 2017