Chad Davis / CC
GREEN BAY, WI (WSAU) — The Green Bay Packers have announced that their first stock sale in 10 years has raised more than $41 million for stadium upgrades in eight days.
Over 138,000 shares were sold at $300 a piece in that period, leaving about 162,000 shares remaining.
The shares come with none of the benefits of traditional stock ownership, including profit sharing or a vote on some business matters. Shareholders are allowed to call themselves NFL owners, and do receive a certificate of ownership.
Shares will be sold through February 25th or until all 300,000 shares are sold. In addition to selling shares in the USA, the team is also selling shares to fans in Canada.
Funds from this stock sale will be used for more upgrades to Lambeau Field including new video boards.
Previous Packer stock sales took place in 2011, 1997, 1950, 1935, and 1923. Prices stared at $5 per share in ’23, and were sold for $250 per share in ’11. If all shares are sold during this stock sale, there will still be 4.7 million shares available to sell in the future.
Comments