GREEN BAY, WI (WTAQ-WLUK) — Another chance to become an NFL owner could be coming to Green Bay Packers fans.
According to the team, the NFL has approved a potential stock sale. The money raised would help pay off $250 million in improvements to Lambeau Field. Some of the upgrades to the stadium’s concourses have already been completed, while the Packers organization is planning to install new video boards and make more upgrades to the concourses in the future.
The team says it is not seeking any taxpayer money for the projects.
A stock sale would be the sixth in team history. The most recent sale, in 2011, added more than 250,000 new shareholders and raised $67.4 million toward stadium expansion. Shares were priced at $250 each.
Any stock sale would still need to be approved by government regulators.
More than 361,000 people own more than 5 million shares of stock. Shares cannot be sold and do not pay dividends. The team’s articles of incorporation prevent any individual from owning more than 200,000 shares.
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