By Marc Lawrence, PlaybookSports.com — The Green Bay Packers, the only publicly-owned, not-for-profit major professional sports team in the U.S., are selling shares of “stock” for just the sixth time in the franchise’s 102-year history.
The sale began last week and runs through Feb. 25. There are 300,000 shares available for purchase at $300 per share, which would net the team $90 million.
Of note: The Packers currently have 361,362 shareholders, who own over 5 million shares that were amassed through the team’s five previous sales (1923, 1935, 1950, 1997, 2011).
How it works: Packers stock isn’t really a stock — it’s more of a collectible. It can’t be sold, pays no dividend and allows no say in team matters (outside of some votes at the annual shareholders meeting). Think of it as a donation..”
With the holidays coming up, it’s also the perfect gift for an NFL fan in your life.
The team plans to use the funds raised from this stock sale to help finance upgrades at Lambeau Field.
Become an “owner” go to Packers.com for more info.
