6th Green Bay Packers stock sale Nov 16th $300

[paco]

Still more approvals to come. But thinking I may finally jump on one this time.

[go pak go]

The Packers said they will use the money raised by the sale for improvements at Lambeau Field, including possibly new video boards.

Kind of weird to have a stock sale for video boards. They definitely need to be improved and get bigger. But usually stock sales take care of bigger things.

Have to think there will be other major improvements.

[NCF]

GREEN BAY – The Packers have received the NFL's approval for a potential stock sale to help fund improvements at Lambeau Field. There remain regulatory hurdles to any offering.

NFL Commissioner Roger Goodell has determined that a stock sale would meet the appropriate conditions established in 1997 for such a sale to raise funds for stadium renovation.

The Packers have undertaken significant stadium improvement projects recently. Multiple phases of concourse upgrades already completed, combined with planned new video boards and additional concourse upgrades, result in an estimated total cost of $250 million.

Funds raised from a potential stock sale would support those projects, with the Packers not seeking any public tax dollars.

"We appreciate the consideration of Commissioner Goodell and the support from the NFL for our potential stock sale," Packers President/CEO Mark Murphy said. "Should we proceed with an offering, we would also have to take regulatory steps and other actions. We are exploring such steps and intend to keep our fans informed of further developments when we are able."

The Packers have had five stock sales in their history. They took place in 1923, 1935, 1950, 1997 and 2011.

The 2011 sale, with shares priced at $250, added more than 250,000 new shareholders and raised $67.4 million toward a new entrance tower and viewing platform in the north end zone and an expansion that added roughly 6,600 seats to the south end zone. That project was completed in 2013.

The 1997 sale, with shares priced at $200, added 105,989 new shareholders and raised more than $24 million, which was used for the Lambeau Field redevelopment project completed in 2003.

Stock in the Packers does not constitute an investment in "stock" in the common sense of the term. The Packers will have no obligation to repay the amount a buyer pays to purchase Packers stock. Anyone considering the purchase of Packers stock should not purchase the stock to make a profit or to receive a tax deduction or any other economic benefits. Any offering of Packers stock will only be made through an offering document. The Packers believe offerees and purchasers of Packers stock will not receive the protection of securities laws with respect to any offering or sale of Packers stock. The Packers bylaws and NFL rules severely restrict transfers of Packers stock.

For more shareholders information, click here.

https://www.packers.com/news/nfl-approv ... -sale-2021

[paco]

The Packers said they will use the money raised by the sale for improvements at Lambeau Field, including possibly new video boards.

Kind of weird to have a stock sale for video boards. They definitely need to be improved and get bigger. But usually stock sales take care of bigger things.

Have to think there will be other major improvements.

No doubt. I imagine once fully approved, there will be a significant announcement of some kind.

[NCF]

Have to think there will be other major improvements.

I think anyone watching the success the Bucks had with the Deer District had to raise an eyebrow. There is so much the Packers could do to improve the outside of the stadium, including AV equipment, etc. that would add to the attendance outside of the building. I agree. This probably isn't just one little project.

[NCF]

But thinking I may finally jump on one this time.

Me too.

[paco]

But thinking I may finally jump on one this time.

Me too.

I figured I was probably the only one on here that didn't have one. Didn't have the money last time around, but hopefully will this time. I'll be proud to join all the "dumb" people for buying a stocks that aren't an investment! Like that's ever been what its about for fans.

[go pak go]

Have to think there will be other major improvements.

I think anyone watching the success the Bucks had with the Deer District had to raise an eyebrow. There is so much the Packers could do to improve the outside of the stadium, including AV equipment, etc. that would add to the attendance outside of the building. I agree. This probably isn't just one little project.

That would be cool. It would also be challenging. It would be awesome to have a space where you can have video boards for Packers pregame shows in a space that is semi-controlled but not indoors so it's like 30 to 40 degrees rather than 10 degrees and many long tables and benches so people can drink without gloves and put their beer on a table.

The challenge is as you said, get better pre-game festivities but also not taking away all the parking spots to remove the tailgating that is already in place.

[BSA]

Have to think there will be other major improvements.

Talked to one of the security people at Lambeau on Sunday and she told me they are building an underground parking and party zone for the Packers' players and families to enjoy pre-game and post- game. Right now they cordoned off a section of the main lot near the players parking lot for them to gather, but going forward, that will be an underground facility so they have some privacy from the drunken masses in the Lambeau lot.

The stock sale can finance things that are specifically for the fans, (scoreboards) but building this underground facility will come from the Packers general fund

[BSA]

The challenge is as you said, get better pre-game festivities but also not taking away all the parking spots to remove the tailgating that is already in place.

They already have the 15,000 sq ft Tundra Tailgate Village with video, food and bev.

[go pak go]

The challenge is as you said, get better pre-game festivities but also not taking away all the parking spots to remove the tailgating that is already in place.

They already have the 15,000 sq ft Tundra Tailgate Village with video, food and bev.

Has anyone been in that? What's the experience of that place?

Personally I hate completely indoor places because they are way too crowded and I get too hot with my winter clothes on.

[YoHoChecko]

Mark Murphy: Whoof, Lazard on the COVID list, too? This is piling up. It's going to be a loonnng week.

Russ Ball: yeah, just a constant stream of bad news. I wish there was something we could do for the fans.

Murphy: Video board announcement? Kids like screens, right?

[RingoCStarrQB]

The challenge is as you said, get better pre-game festivities but also not taking away all the parking spots to remove the tailgating that is already in place.

They already have the 15,000 sq ft Tundra Tailgate Village with video, food and bev.

Has anyone been in that? What's the experience of that place?

Personally I hate completely indoor places because they are way too crowded and I get too hot with my winter clothes on.

I was in it on Sunday morning before the Washington game. There's never enough seats. Other than that it's just fine.

For cold weather games it's just way too crowded. Unless you get there right when it opens you'll have to stand. Been there done that many times.

[BSA]

Has anyone been in that? What's the experience of that place?

Its a huge bar...in the middle of the Lambeau lot with a live band, food and bev.
Tailgating purists like myself look down on it with contempt...until December. Then I might re-consider my stance

Quick story: I live in San Diego these days and my WI friends & family give me crap about being a weak- tit in the weather.
When we went to a playoff game years ago it was super cold out, but of course we tailgated anyways.
Unknown to me - they had all conspired and agreed:

"We're not getting into the truck to warm up until BSA cracks, shouldn't take more than 20 minutes !"
I never cracked.

Finally one of them did give in after 2+ hours and when we all got in the truck to warm up - they told me the rest of the story.
Haha ! Lambeau Lot is one of my all time favorite places on this planet, can't get enough of it.
.

[RingoCStarrQB]

Tailgating purists build their own Tundra Tailgate Zones and have a blast doing so.

[wallyuwl]

So they are going to do more stupid <poop> to take away even more tailgating space. And video boards. This is corporate greed.

[NCF]

So they are going to do more stupid <poop> to take away even more tailgating space. And video boards. This is corporate greed.

Who hurt you?

[APB]

Any word on this rounds “stock” pricing?

Oh, and convenient they timed it right before Christmas. Again.

Supply goods shortage? Pfft!! Just buy the ol’ man some Packers stock and call Christmas good!

[Drj820]

I want to buy. How do I get in the front of the line?

[paco]

Any word on this rounds “stock” pricing?

Oh, and convenient they timed it right before Christmas. Again.

Supply goods shortage? Pfft!! Just buy the ol’ man some Packers stock and call Christmas good!

Nothing about it in the articles. Still approvals to be done, so it's not a go yet.