GREEN BAY, WI (WTAQ-WLUK) — The number of National Football League team owners continues to grow as the Green Bay Packers are a little more than a week into their latest stock sale.
The team announced Wednesday that it had sold more than 138,000 shares of stock in the eight-plus days of the offering. At $300 a share, that works out to more than $41.4 million for the organization.
More than half of the 300,000 shares being offered remain available. The stock sale is set to run until Feb. 25, unless all available shares are sold before that.
Packers leaders say they will use the money to fund upgrades to Lambeau Field, including new video boards. The current boards were installed in 2012.
Stock is 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 can buy shares, and no one is 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.
A special website has been set up where fans can learn more about buying stock. Those who do not have access to the internet can call 1-833-696-7225.
This is the sixth stock sale in Packers history, following offerings in 1923, 1935, 1950, 1997 and 2011.
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