Buy A Share Of The Green Bay Packers, But With A Catch
For the first time since 1997 the public is able to buy into the Green Bay Packers, the only NFL team owned publicly. You can get your hands on it for $250 a pop, but there is a catch.
If you are a Green Bay Packer fan, how cool would it be to own a share in the team? It would make a great Christmas present too. For the small fee of $250 it could be yours, plus a small $25 handling fee but that’s expected this day and age. During Sundays Giants/Packers game I had said it would be awesome to own some stock in the Packers, so Monte showed me this Yahoo Sports article that shows the long list of rules that would go along with it. Not so sure if it’s worth it now.
The NFL Rules prohibit conduct by shareholders of NFL member clubs that is detrimental to the NFL, including publicly criticizing any NFL member club or its management, employees.
If the Commissioner of the NFL (the “Commissioner”) decides that a shareholder of an NFL member club has been guilty of conduct detrimental to the welfare of the NFL then, among other things, the Commissioner has the authority to fine such shareholder in an amount not in excess of $500,000 and/or require such shareholder to sell his or her stock. In addition, if the Commissioner determines that a shareholder has bet on the outcome or score of any game played in the NFL, among other things, then the Commissioner may fine such shareholder in an amount not in excess of $5,000 and/or require such shareholder to sell his or her stock.
That is just a snipit of the 12 page rule book that goes along with you Packers share certificate that can be bought at packersowner.com. Really though, how concerned will Rodger Goodell be if Joe Schmo is bashing refs on Twitter? I think this more something that will come out if you arrested and then it’s seen you are a share holder. Either way, I don’t want a set of handcuffs with my Packers ownership, so I shall pass.