The team said that as of last week it sold 191,881 shares in. The Packers' 295 million renovation of Lambeau Field in 2003 was supported by a 24 million stock sale and a half-cent sales tax in Brown County. Then there’s this: According to the rules, you are bound to uphold the conduct principles of other REAL NFL owners and if you don’t, NFL commissioner Roger Goodell has the right to take your shares and fine you up to $500,000.Īgain, it’s right in the documents that Packers fans will quickly agree to today.Īnd after all this, how many do you want to buy?Īccording to the documents, there were more than five million outstanding shares before today’s sale and the average shareholder owned 14 shares! GREEN BAY The Green Bay Packers raised more than 63 million since mid-November in the teams sixth stock sale, which ends Feb. The Packers do not have a deep-pockets owner and are at the league average on ticket prices, so the stock sale is another way to raise money to invest in Lambeau Field, he said. (WFRV) Any Green Bay Packer fan who wants to turn from fan to ‘owner’ could have the chance after the NFL approved a potential Packers stock sale. If all shares are sold by the time the sale ends on Feb. One could argue that the capital improvements to Lambeau Field and the surrounding Packers-owned 'Titletown' area does that indirectly, but it’s not as if there’s any 'thank you' available in the form of any discount anywhere for being a “shareholder” other than going to an annual shareholders meeting and saying “I AM A GREEN BAY PACKERS SHAREHOLDER.” The Green Bay Packers have sold more than 41 million worth of stock in just over a week into their sixth stock. GREEN BAY The Green Bay Packers stock sale raised 54 million through Wednesday, which resulted in 165,000 of 300,000 shares sold. In 1997, as part of allowing the Packers to sell stock for the first time in 17 years, then NFL commissioner Paul Tagliabue stipulated that none of the money raised could go towards player salaries and bonuses. The five-year missing shareholder stipulation is actually in the subscription documents issued Tuesday morning to any prospective investor.īut wait! How cool is it to have that certificate to display! You mean the ones that look just as good with your custom laser printed name that are sold on eBay for $60?īut wait! In this case we are really helping the team! My contribution will directly help the small town Green Bay Packers afford to keep up with player salaries and stay competitive!
But that’s only if a shareholder cannot be located for five years and who knows how they’re going to pay it for a missing person. Well, it can be, if the Packers choose to buy it back for 2.5 cents.
Packers stock price plus#
And although it costs $300, plus $35 for handling to provide the stock certificate, it can’t be sold. It’s genius for the team and, at least financially, asinine for the fans.Īlthough it is called “stock,” it is not regulated by the Securities and Exchange Commission. If the Packers do a similar amount in the first two days this year, they will raise a minimum of $55.5 million. It’s the sixth time the Packers have raised money this way, and the first time in a decade, where in 2011, the team sold 185,000 shares in the first 48 hours. Yet, this morning, thousands upon thousands of Green Bay Packers fans rushed to the team website to complete the documents that would make them an “owner” of the team. NFL footage © NFL Productions LLC.Imagine you are told you can purchase something for $300 that, at most, might be worth 2.5 cents, and if you are found to violate the rules of owning such a piece you can be fined up to $500,000. The Offering price is US250 per share of Common Stock, plus a handling fee of US35 for each order of one or more shares. All other NFL-related trademarks are trademarks of the National Football League. The Green Bay Packers ’ sixth stock sale is now entering its final week, with the sale continuing until Friday, Feb. No one is allowed to hold more than 200,000 shares, which represents approximately four percent of the 5,011,558 shares currently outstanding. (the Packers or the Corporation), a corporation established under the Wisconsin Business Corporations Law, of shares of common stock, no par value, of the Corporation (Common Stock’’). NFL and the NFL shield design are registered trademarks of the National Football League.The team names, logos and uniform designs are registered trademarks of the teams indicated.
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