Post by GrizzlyBear on Nov 28, 2021 12:10:42 GMT -6
www.espn.com/nfl/story/_/id/32637826/green-bay-packers-offering-300-ownership-shares-first-10-years
Green Bay Packers offer 'ownership' shares for first time in 10 years
By Rob Demovsky - November 15th, 2021
Read the article.
Green Bay Packers offer 'ownership' shares for first time in 10 years
By Rob Demovsky - November 15th, 2021
GREEN BAY, Wis. -- So you want to own an NFL team? Here's your chance to buy a share of the Green Bay Packers for $300.
To be sure, the stock will have no value, pay no dividend and allow no say in team matters, but the Packers are offering shares of "ownership" for just the sixth time in franchise history and the first time in 10 years.
The early stock sales (1923, 1935 and 1950) were done out of necessity to keep the team afloat financially in the small market of Green Bay. Additional stock sales followed in 1997 and 2011 to raise money for stadium expansion and projects.
To be sure, the stock will have no value, pay no dividend and allow no say in team matters, but the Packers are offering shares of "ownership" for just the sixth time in franchise history and the first time in 10 years.
The early stock sales (1923, 1935 and 1950) were done out of necessity to keep the team afloat financially in the small market of Green Bay. Additional stock sales followed in 1997 and 2011 to raise money for stadium expansion and projects.
Read the article.