Green Bay Packers stock sale is underway
GREEN BAY, Wis. (WBAY) - More people have an opportunity to buy stock in the Green Bay Packers. The organization is offering 300,000 shares in its sixth stock offering.
Fans can purchase stock at https://packersstock.com/ or by calling 833-OWN-PACK (833-696-7225). Each share costs $300 plus a handling fee.
By 11 a.m. Tuesday, the Packers had sold $10 million worth of stock. Packers running back A.J. Dillon was among the buyers.
The Packers’ public ownership is unique in the NFL. The organization cautions that owning stock in the Packers isn’t like stocks traded on open markets. “Anyone considering the purchase of Packers stock should not purchase the stock to make a profit or to receive a dividend or tax deduction or any other economic benefits,” and there’s no protection from securities laws, the team says.
The funds will go toward construction projects at Lambeau Field, new video boards and concourse upgrades.
“We’re excited to offer shares for just the sixth time in our franchise’s history,” said Packers President/CEO Mark Murphy. “Since we received permission from the NFL last month for a stock offering, fans have been excited. Their support is a key component of our ability to invest in Lambeau Field and maintain it as a top-tier sporting experience, which in turn contributes to the continued success of the franchise.
The stock offer is limited to people in the United States and its territories, subject to regulatory processes in some states. Stocks can only be purchased by individuals (or spouses as joint tenants), including shares purchased as a gift for other individuals. Owners are limited to buying 200 shares, counting shares they purchased in the 1997-98 and 2011-12 stock offerings.
Shares can be purchased online with credit or debit cards or electronic bank transfers. They can also be purchased through mail with a personal check or cashier’s check.
The stock offering will end on February 25, 2022, but is subject to an extension, the Packers said.
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