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Their website [0] seems to disagree with you. They’re currently selling stocks for $300 each and have sold a total of 5,000,000 in the past, suggesting a total

Their website [0] seems to disagree with you. They’re currently selling stocks for $300 each and have sold a total of 5,000,000 in the past, suggesting a total raised on $1.5 billion overall. Obviously that’d be in today-dollars, but the current sale has already raised $41 million in the last week or so [1], so the number seems in the right order of magnitude. Certainly having raised “hundreds of millions of dollars” sounds right though I haven’t been able to find reliable sources for the previous stock offerings to confirm. The official stock website [2] also says the following about the voting rights. “Q: How many votes will I receive for purchasing Common Stock? A: You will have one vote for each share of Common Stock you purchase.” I’m not sure what those votes actually count for, but they at least exist. [0]: https://www.packers.com/community/shareholders https://www.packers.com/community/shareholders [1]: https://www.nbc15.com/2021/11/25/packers-stock-sale-nets-more-than-41-million-8-days/ https://www.nbc15.com/2021/11/25/packers-stock-sale-nets-mor... [2]: https://packersstock.com/faq https://packersstock.com/faq

thesausageking 5y ago
hrm. Reread the website and I think you'll find it's very much not stock in the normal sense of the word. And they're very clear that you can't make a profit from it (you can't even sell it) and it doesn't given any ownership: >Common stock does not constitute an investment in “stock” in the common sense of the term. Purchasers should not purchase common stock with the purpose of making a profit. > You cannot sell, assign or otherwise transfer shares of Common Stock to a third party, except that you may transfer shares to an “immediate family” member by gift or in the event of death. “Immediate family” is defined as the spouse, children, mother, father, brothers, sisters, or any lineal descendent of a shareholder.
- gbear605 5y ago
  I agree that it’s not stock in the traditional sense, but neither of the people in the chain above me seemed to think so. Just because it’s not-for-profit doesn’t mean that it can’t sell for a lot (people buy team merch for a lot more) and the vote seems to mean something even if not much.
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thesausageking 5y ago

hrm. Reread the website and I think you'll find it's very much not stock in the normal sense of the word. And they're very clear that you can't make a profit from it (you can't even sell it) and it doesn't given any ownership: >Common stock does not constitute an investment in “stock” in the common sense of the term. Purchasers should not purchase common stock with the purpose of making a profit. > You cannot sell, assign or otherwise transfer shares of Common Stock to a third party, except that you may transfer shares to an “immediate family” member by gift or in the event of death. “Immediate family” is defined as the spouse, children, mother, father, brothers, sisters, or any lineal descendent of a shareholder.

gbear605 5y ago
I agree that it’s not stock in the traditional sense, but neither of the people in the chain above me seemed to think so. Just because it’s not-for-profit doesn’t mean that it can’t sell for a lot (people buy team merch for a lot more) and the vote seems to mean something even if not much.

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