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re: Why can't the Green Bay Packers ownership model get embraced?
Posted on 1/22/15 at 3:28 pm to Y.A. Tittle
Posted on 1/22/15 at 3:28 pm to Y.A. Tittle
Because this is fricking gay...
quote:
Even though it is referred to as "common stock" in corporate offering documents, a share of Packers stock does not share the same rights traditionally associated with common or preferred stock. It does not include an equity interest, does not pay dividends, can not be traded, has no securities-law protection,[citation needed], and brings no season ticket purchase privileges. All shareholders receive are voting rights, an invitation to the corporation's annual meeting, and an opportunity to purchase exclusive shareholder-only merchandise. Shares of stock cannot be resold, except back to the team for a fraction of the original price. While new shares can be given as gifts, transfers are technically allowed only between immediate family members once ownership has been established.
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