Posted: 4/14/2017 11:29:38 PM EDT
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A friend has a coworker that says he is an owner of the Packers. He has a ring that looks like a Superbowl ring. Everyone in the company is convinced of his story. This company is not a Fortune 10000 company or even the bottom half million. I just can't believe this story. I have met and drank with the guy and he doesn't give it up, flashes the ring often.
Help me out here. I know there is some deal with getting a seat at Lambeau Field. If you don't own a seat or however it works, you can't get a ticket to the game, or that is what I gather from the banter I have heard. Is there a replica ring these guys have? Please fill in the blanks for me. Is this guy a season ticket holder and thinks he is a part owner or something or is this a fixture of the subculture? Thanks in advance. I found the best fish fry in Wauwatosa, so I have been in the vicinity a few times.   Bocce ball in the snow is fun.
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The Packers are the only "publically" owned team in the NFL... or the 4 major pro sports, for that matter. There are "stockholders" who have certificates to prove it...lots of them. The stock certificate they sell is more for symbolism and bragging rights than it is monetary. This dude likely has one or two. That does technically make him a part owner of the franchise.  Bragging rights only, he has absolutely no "say-so" in how it's run.
As for the ring, it's probably fake. 
Nobody "owns a seat" at Lambeau. Skybox maybe. But there is a long long long (as in decades) waiting list for season tickets. eta... I'm an "owner" too. |
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There are lots of owners. When they remodeled Lambeau Field, they sold stock. Anyone could buy stock. So that part of his story holds up. I know nothing about the ring. It's a money printing scheme. And it works! |
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Forbes also ranks Packer's stock as one of the worst investments ever. No real value, no dividend, no voting power in that class, etc. Other than the piece of paper to frame for your home bar......pretty much just a decor piece. And that's good enough for most folks. It's a money printing scheme. And it works!
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FWIIW...
Apparently board members have Superbowl rings. Not sure how that works, but they got them. An example would be someone who owned a larger grocery store chain with the same last name... So it is possible that they could have a ring. I wish I did not know this, but I do. Arfcurse related. |