GREEN BAY, WI (WTAQ-WLUK) — A rare chance to own part of the Green Bay Packers is opening up once again.
The sixth stock sale in team history begins at 8 a.m. today, the team announced.
“We appreciate the interest that fans have expressed in our sixth stock offering,” Packers president/CEO Mark Murphy said in a news release Monday. “While we are not yet in a position to fully discuss the offering, we do have some initial information that we can share for fans to consider. We look forward to formally launching the offering tomorrow.”
The team is offering 300,000 shares at $300 each, plus a handling fee. Stock will be available to people in the U.S., Guam, Puerto Rico and the U.S. Virgin Islands, subject to completing regulatory processes in certain states. Only individuals will be able to buy shares, and no one will be allowed to buy more than 200 shares. The 200-share limit includes any shares purchased in the 1997-98 and 2011-12 offerings. Shares can be purchased as gifts.
Packers stock does not pay dividends and does not change in value. Transfers of shares are strictly limited.
The offering is set to end on Feb. 25.
Further details and purchasing instructions are set to be posted on the Packers’ website Tuesday. The team has also called a news conference for Tuesday morning to discuss the sale.
When the NFL approved the sale last month, Packers leaders say they planned to use the proceeds toward Lambeau Field renovations. The organizations plans to continue work on the stadium concourses and replace the main video boards. The overall work is expected to cost $250 million.
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