Packers hope for stock sale yet this fall

This is an artists' conceptual drawing of what the outside of the "new" Lambeau Field will look like. The proposed stock sale would be used to help pay for this addition to the stadium.

Got $200 burning a hole in your pocket?

If so, you might want to consider throwing it into the pot for the Green Bay Packers.

The National Football League team is awaiting approval from the league to move ahead with a stock sale that team officials would like to kick off before the end of the year. It would be the fifth stock sale in team history.
The plan is to use any funds raised through this stock sale for improvements to the stadium, so team officials are confident the league will approve the plan.

Those improvements would be utilized for the already-announced addition of 6,600 seats to the Lambeau Field south end zone area at a cost of $143 million. Those improvements would be completed before the start of the 2013 season.

According to the Green Bay Press Gazette:

The Packers have 112,158 shareholders who own 4,750,937 shares of stock. The stock does not pay any dividends, and no owner can hold more than 200,000 shares. Owners have the right to vote on directors and other organization business. They cannot sell their shares but can pass them on to family members.

Topics: Green Bay Packers, Green Bay Press Gazette, NFL

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  • Jessica

    Sorry if this comes off as a silly question, but how many other teams are owned this way? Though I’ve never really thought about it, I never noticed any other teams operating with shareholders and such, with the exception maybe of the Toronto Maple Leafs. Is this common?

    • http://lombardiave.com apackphan

      I am not aware of any other professional team that is public owned like the packers. Green Bay is also one of, if not the smallest market in all of pro sports.

      • arto98

        Try the Boston Celtics. I owned some years ago.

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