Packers Stock Now On Sale
A stock sale for the country’s only publicly-owned professional sports franchise is under way.
The stock sale is the fifth in the team’s 92-year history and will raise money to pay for $143 million in improvements at Lambeau Field.
The Packers are selling 250,000 shares at $250 each, plus $25 in handling charges. They will be sold online and by mail. The sale comes at an optimum time for the defending Super Bowl champions during an undefeated season.
The stock has no financial value to the owners and can’t be resold. But, the stockholder can vote on team business, including the board of directors, and attend annual meetings.