Can we trust any of the NFL's contenders to go on a Super Bowl run?
Yahoo Sports NFL
Yahoo Sports
4.8 • 1.2K Ratings
🗓️ 18 November 2021
⏱️ 72 minutes
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| 0:00.0 | Baseball playoffs, fantasy football, the start of the NBA and NHL seasons. |
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| 0:39.0 | Inside of the first three hours of their Tuesday morning, the Green Bay Packers turned a largely valueless piece of paper into $10 million. |
| 0:46.5 | And in the next few months, they'll turn a lot of that same paper into $90 million. |
| 0:51.5 | Now, I'd love to tell you this is the most wild financial transaction of 2021, but it's not even remotely close. |
| 0:58.5 | I mean, let's be real here. There's a cryptocurrency named Shiba Inu Coin that has a total market value of nearly $30 billion, which is literally more than double all the revenue earned by the NFL and its 32 teams in 2020. |
| 1:12.0 | Much like the trillions of dollars in cryptocurrency and pixelated art that doesn't exist in a physical realm and so many other things that just seem to do little more than move money from one account to the next. |
| 1:23.0 | Value is in the eye of the marketplace. And as it turns out, the Packers simply understood the assignment in 2021. |
| 1:30.5 | You need money? You don't necessarily have to surrender something of value to get it. Just know your audience. |
| 1:36.5 | The Packers certainly do, and for the sixth time in the team's history, they're offering stock in the team. |
| 1:42.5 | The cost for a share of that stock? |
| 1:44.5 | $300 plus shipping and handling. |
| 1:47.5 | The return for fans? Well, brace yourselves. If you're not a Packer fan, it doesn't sound like such a great deal. |
| 1:54.5 | You get to attend annual shareholder meetings and vote for the board of directors and executive committee that ultimately guides the team. |
| 2:02.5 | But those votes for being factual here are so diluted that it would be something like you or I casting our ballot in a governor's race. |
| 2:09.5 | Of course, there are some other perks like offers for priority memorabilia, maybe a luncheon or a tour of the stadium. |
| 2:16.5 | Basically, in some ways, and I know Packers fans don't like to hear this, you're in a kind of a cool glorified fan club. |
| 2:24.5 | Plus, you get a certificate that says you're a Packer stockholder, which you can repeat as a badge of honor if you really want to do that. |
| 2:31.5 | Look, for everyone else who doesn't understand what this is, I'm not going to get too deep into the weeds on this. I'll just give you the boiled down details. |
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