12/7/2023 0 Comments Packers stock price![]() (the “Packers”), a Wisconsin corporation which happens to operate an NFL team, is offering members of the public an ownership interest in an NFL team, consisting of a limited number of shares of common stock, which come with an asterisk or two. More specifically, the Green Bay Packers, Inc. All Rights Reserved.Last November, the Green Bay Packers did something for the sixth time in the last 100 years: It offered shares of common stock for purchase by members of the public. We look forward to formally launching the offering next week." However, this information will answer some of the initial questions that we've received. "We are not yet in a position to fully discuss the offering. "We appreciate the interest that fans have expressed in our fifth stock offering," Mark Murphy, the team's president and CEO, said in a statement. Just as businesses have to enter a quiet period before going public, the Packers say they've been limited on how much they can say for now. "For that price I'd be looking at other Packers-related activity I could use that money for." "For me living in Seattle, I could spend $250 on tickets to go back to Wisconsin and go to a Packers game," said Constantine, 26. When he found out the actual price Thursday, he said $250 was just over the edge of affordability. Michael Constantine, a Wisconsin native who now lives in Washington, had planned to buy a share this year when the rumored price was $200. There's been at least one complaint about the price this year. "We never got one complaint about them being too expensive." "We tried to come up with a figure that would be affordable to everyone," Harlan said. About 120,000 were sold, raising $24 million. Some 400,000 shares went on sale that year for $200 apiece. The subsequent vote was indeed unanimous. Rooney said the Packers deserved unanimous support because they were a vital part of NFL history. It was only after Commissioner Paul Tagliabue and Pittsburgh Steelers owner Dan Rooney argued in favor of the idea that the proposal passed. He recalled that other owners balked, worried that the Packers would use the money to compensate their coaches or improve their roster in a way other teams couldn't. The team held its first stock sale that year, followed by sales in 19 that helped keep the franchise afloat even as other small-markets teams were sinking.Īt the time of the last sale, in 1997, then-team president Bob Harlan was looking for ways to cover stadium renovation costs. The Packers have been a publicly owned nonprofit corporation since 1923. "It's showing my appreciation for how they're run as a team," he said. That's part of the reason that Joel Tchao, 38 a San Francisco 49ers fan from Fremont, Calif., said he would "definitely" buy a share next week. While other teams often ask taxpayers to help pay for building upgrades, the Packers will foot the entire bill themselves through the stock sale and private financing. The Packers plan to add thousands of seats and other amenities in time for the 2013 season. addresses.Īll the money raised in the stock sale will go toward stadium renovations. residents who are currently overseas will have to use their U.S. The offering is limited to people with addresses in the U.S., Guam, Puerto Rico and the U.S. Also, cheeseheads who live overseas are out of luck. While being a shareholder might come with some perks, it won't help you move up on the season-ticket waiting list, which has more than 81,000 names. ![]() "You can't get this anywhere else, and who knows when the next opportunity will be?" "It's a completely unique item," Wade said of the stock. His favorite team is the winless Indianapolis Colts (0-11), and he said he welcomed a chance to buy into the league's only undefeated team, the Packers (11-0). Staughton Wade, 29, of Fort Wayne, Ind., said $250 was a reasonable price to pay for a Packers share. However, once ownership is established, a share can only be transferred within the immediate family. Newly purchased shares can be given as gifts. Stock can only be purchased by individuals, not businesses, and there's a 200-share cap, a figure that includes any stock purchased during the last sale in 1997. In either case, the shares cost $250 plus a handling charge. Another 250,000 shares will go on sale Tuesday, available by mail or at. There are currently 112,205 shareholders who own a total of 4.75 million shares. Stockholders do get voting rights, along with invitations to attend annual meetings where they can meet Packers executives, tour the Packers Hall of Fame and stick around for the kickoff of training camp. The value doesn't go up, there are no dividends and it has virtually no resale value. However, be aware that Packers stock isn't like regular stock.
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