Tuesday, December 6, 2011

Green Bay Packers Stock Goes on Sale Today

The Green Bay Packers are the hottest team in the NFL at 12-0 and today you can own a piece of the franchise.

The Packers are selling stock in the franchise for $250 per share.

The team has 250,000 shares available at Packers.com and by mail. The team is hoping the stock sale helps raise a portion of the $130 million needed to cover the renovation costs of Lambeau Field.

This is just the fifth stock sale in team history. The last time the Packers held a stock sale was in 1997. That year, they put up 400,000 shares for sale for $200 apiece. The team only sold about 120,000, raising $24 million.

The Packers stock is not like a regular stock. The value never goes up and dividends aren't paid out.

The Packers have been a publicly owned team since 1923.

The stock sale runs through February 29.

1 comment:

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