Huffpost Sports

Packers Stock: Green Bay Makes 30,000 More Shares Available

Posted: Updated:
Getty
Getty

GREEN BAY, Wis. -- Sales of Green Bay Packers stock have been so brisk since an initial offering three weeks ago that the team is making another 30,000 shares available.

The team initially offered 250,000 shares for sale starting Dec. 6. But the allotment is nearly gone, even though the shares cost $250 each and have virtually no resale value.

"The support from our fans has been outstanding, and we appreciate their enthusiasm," Mark Murphy, the team's president and CEO, said Tuesday in a statement. "We continue to receive interest in the offering, and this increase in the number of available shares will help ensure that we are able to accommodate all those who want to become shareholders."

The offering is scheduled to end Feb. 29 or when all remaining shares are sold.

The NFL's only publicly owned team is applying the proceeds toward a $143 million expansion of Lambeau Field. The Packers have said they would fund the expansion themselves and through private funding, and wouldn't ask taxpayers to contribute as owners of other teams typically do.

Selling all 280,000 shares would raise $70 million.

The shares are available at packersowner.com for $250, plus a $25 handling fee per transaction.

Buyers gain the privilege of calling themselves NFL owners, though the stock value will not go up and there are no dividends. Stockholders also get voting rights, and they can attend annual meetings where they can meet team executives and tour the Packers Hall of Fame.

The team has had four other stock offerings. Sales in 1923, 1935 and 1950 helped keep the Packers afloat at a time when other small-market teams were struggling to survive.

The most recent sale was in 1997. The team offered 400,000 shares for $200 apiece, but only about 120,000 shares were sold.

___

Online:

Around the Web

Stock sale 'off and running' - Packers

Packers.com | Shareholders

Packers Stock Sale to Begin December 6

Packers stock sale press conference

Green Bay's Right To Sell Stock Should Be Abolished - Forbes

BC-FBN--Packers-Stock Sale, FBN | al.com

NFL approves Packers stock sale; sale date & price not announced

Packers sell 185000 stock shares in first 2 days - NFL - Yahoo! Sports

Green Bay Packers stock sales brisk at start | Reuters

Green Bay Packers Stock Sale: Fans of Perfect Packers Snatch Up ...

Packers made $62 million off stock shares, will sell more

Green Bay Packers stock sales raises $400000 in first 11 minutes

Packers' stock sale set for Tuesday

League has no plans to let other teams sell "stock"

Packers: Some stock may not arrive for Christmas

Packers fans: There are issues, but Green Bay finds a way

 
From Our Partners