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  #1  
Old 01.12.2011, 09:19 PM
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Default Stock Sale Update

Confirmation of stock sale. Unfortunatly UK based fans will be unable to buy any, damn!

http://www.jsonline.com/blogs/sports/134841348.html
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  #2  
Old 01.12.2011, 10:01 PM
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Adam:

As you will see, the Packers are not selling stock outside of the U.S. and its territories, though there may still be a way to do it. The rules allow American residents to buy shares in the name of others. They have to use a U.S. address, but that address can be changed later. The Packers have U.S. shareholders living in other countries who were able to change addresses and are mailed stock-related information, such as proxy statements and annual meeting invites.

Because there are no financial benfits attached to the stock, it is unlikely the Packers or regulators would look very closely at such a transaction.

It is a method U.S. residents will have to follow to purchase shares for servicemen in foreign countries.

Rich

PACKERS STOCK SALE TO BEGIN DEC. 6

The Green Bay Packers today announced preliminary details for the organization?s upcoming stock offering, just the fifth in its 92-year history, which will commence on Dec. 6 at 8 a.m. CST.

More information, including the formal offering document, will be available when the offering commences. Interested fans will be able to access the full information online at www.Packers.com.

?We appreciate the interest that fans have expressed in our fifth stock offering,? said Packers President/CEO Mark Murphy. ?We are not yet in a position to fully discuss the offering. However, this information will answer some of the initial questions that we?ve received. We look forward to formally launching the offering next week.

?We ask fans to look for details Dec. 6 on Packers.com.?

Following is a list of details currently available:

? The price per share will be $250, and there will be a handling charge.

? The offering will be limited to persons in the United States, as well as Guam, Puerto Rico and the U.S. Virgin Islands.

? Shares will be able to be purchased online with credit or debit cards, and also via mail.

? Only individuals (including spouses as joint tenants) will be able to purchase shares.

? The Packers will initially offer 250,000 shares.

? No one may buy more than 200 shares (counting any shares that the person purchased in the 1997-1998 offering).

? The offering will continue until Feb. 29, 2012, subject to extension.
In contemplation of the offering, interested fans should note:

? 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 dividend or 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.


Basically if you know someone in the States who can buy stock for you in your name, you maybe able to become a part owner of the team.

Hope is not lost if you have American friends or friends resident in America!
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Old 02.12.2011, 09:36 AM
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Hmm,

I have a mate who lives in the US, I wonder if he'd be happy to do the honours for me?!! This is all really a huge steaming pile of excrement though. So frustrating. Well, we'll wait and see.
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Old 02.12.2011, 11:46 AM
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Knew this would happen. I have a cousin who has moved to Florida so may get him to do this. Need to confirm that it can be in my name and the address can be changed easily enough to me otherwise it is just not the same.
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Old 02.12.2011, 12:54 PM
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Quote:
Originally Posted by RichD48 View Post
Hmm,

I have a mate who lives in the US, I wonder if he'd be happy to do the honours for me?!! This is all really a huge steaming pile of excrement though. So frustrating. Well, we'll wait and see.
It is simple to sort out of you know someone over there.

Just remember, dont update your address for a few months when you have the Stock, that will stop any questions being asked.

Decision was no surprise as they can raise enough $ from US sources only

Our way of doing it is how Servicemen get stock so it is legit
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Old 06.12.2011, 01:39 PM
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Today is the day they go on sale so if you have someone Stateside who can help you, this is the time to call in that favour!
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Old 06.12.2011, 01:40 PM
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Quote:
Originally Posted by mcoull View Post
Knew this would happen. I have a cousin who has moved to Florida so may get him to do this. Need to confirm that it can be in my name and the address can be changed easily enough to me otherwise it is just not the same.
Very easy to get the address changed i hear and 100% certain that it would be in your name as long as the person buying it for you inputs the information correctly.

Just dont jump the gun and update the address right away
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Old 06.12.2011, 10:30 PM
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Got my Share of Packers Stock! :-)
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Old 07.12.2011, 07:09 PM
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I am hoping to get a share after christmas...

does the person in the states have to pay for it with his/her card or can they still put our details in? Also, when you change the address how do you put in the country as surely it will only have the option to change it to different states...
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Old 07.12.2011, 07:13 PM
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Quote:
Originally Posted by stephenk24 View Post
I am hoping to get a share after christmas...

does the person in the states have to pay for it with his/her card or can they still put our details in? Also, when you change the address how do you put in the country as surely it will only have the option to change it to different states...
My contact paid for it on his card and then i will pay him back. I would assume the US Resident has to pay for it, have the Certificate sent to them with your details on it, and then they would forward it to you.

You can only purchase it as a US Resident but the Packers have Stockholders who have moved abroad so you dont have to be a US Resident forever, so you can change it.

Members of the Military do this to get Stock so it should be no problem at all.
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