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homoe · 11-16-2021, 08:01 AM

In what continues to be one of the greatest marketing schemes in NFL history, the Green Bay Packers are set to offer 300,000 “stock shares” to fans on Tuesday morning. But as the franchise has explained the previous five times it's created such a sale, the “stock” is essentially nothing more than a piece of team memorabilia. Or given its lack of utility, a paper version of cryptocurrency that can’t be spent anywhere.

Think of it as a printing press version of PackerCoin, BitGreen or LeapThereum. Fun to own, impossible to spend.

That’s what this “stock” is. For $300 a “share” (plus shipping and handling), fans get to show their devotion to the team and call themselves “shareholders” or “stockholders.” Or in the case of some who really want to stretch it, “owners” of the team. But the pieces of paper being sold come with no voting rights, no rights to profits, and no ability to transfer or sell — basically, everything that makes an actual share of stock in a company legitimate.

Now what was it P.T. Barnum said about a sucker being born every minute and that old Proverb, a fool and his money are soon parted.

11-16-2021, 08:01 AM	#64
homoe Practically Lives Here How Do You Identify?: Butch Relationship Status: ..... Join Date: Nov 2009 Location: 30 minute ferry ride from Seattle Posts: 38,565 My Photo Gallery Thanks: 20,811 Thanked 33,586 Times in 14,918 Posts Rep Power: 21474889	Green Bay post a record $70 million in operating profits, as well as a record $507 million in total revenue yet...... In what continues to be one of the greatest marketing schemes in NFL history, the Green Bay Packers are set to offer 300,000 “stock shares” to fans on Tuesday morning. But as the franchise has explained the previous five times it's created such a sale, the “stock” is essentially nothing more than a piece of team memorabilia. Or given its lack of utility, a paper version of cryptocurrency that can’t be spent anywhere. Think of it as a printing press version of PackerCoin, BitGreen or LeapThereum. Fun to own, impossible to spend. That’s what this “stock” is. For $300 a “share” (plus shipping and handling), fans get to show their devotion to the team and call themselves “shareholders” or “stockholders.” Or in the case of some who really want to stretch it, “owners” of the team. But the pieces of paper being sold come with no voting rights, no rights to profits, and no ability to transfer or sell — basically, everything that makes an actual share of stock in a company legitimate. Now what was it P.T. Barnum said about a sucker being born every minute and that old Proverb, a fool and his money are soon parted.