Packers To Release 30,000 More Shares Of Stock For Sale

With the Packers having the ability to print their own money — literally, kind of — the team hasn’t had a problem raising cash for a $143 million project that will include nearly 7,000 extra seats and new video boards for the start of the 2013 season at Lambeau Field.

All the organization has to do, obviously, is offer more ownership shares of Packers stock, and Green Bay fans gobble them up like Halloween candy. The stock, which doesn’t give its shareholders any power in the company (minus the ability to attend the annual shareholders meeting during the summer) or the chance to make any kind of profit, sells for $250 (plus shipping and handling).

The Packers don’t have any trouble selling it, because, as the team announced Tuesday, the initial offering of 250,000 shares of individual stock will be expanded by 30,000. “The support from our fans has been outstanding and we appreciate their enthusiasm,” said Packers President/CEO Mark Murphy in a statement. “We continue to receive interest in the offering, and this increase in the number of available shares will help ensure that we are able to accommodate all those who want to become shareholders.”


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One Response to “Packers To Release 30,000 More Shares Of Stock For Sale”

  1. Alex says:

    Just remember… they are saying: “COMMON STOCK DOES NOT CONSTITUTE AN INVESTMENT IN ‘STOCK’ IN THE COMMON SENSE OF THE TERM.”

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