Want to become a minority owner of the Green Bay Packers? Well, you’ll have a chance to do so after the franchise announced that they will be selling 300,000 ownership shares.
The price of one share will be $300 alongside the handling fee. The sale is limited to the United States, Guam, Puerto Rico, and the U.S. Virgin Islands and will continue until early next year. One person can’t own more than 200 shares, including the previously owned shares.
This is just the sixth stock offering in Packers history. The most recent one was organized in 2011 in order to help fund stadium expansion and other related projects. This one is also aimed toward improvements at Lambeau Field, including the purchase of new video scoreboards.
It is important to note that owning the Packers shares doesn’t come with any particular benefits. They pay no dividends, they can’t be traded, and they don’t allow shareholders to have any say in team-related matters. They do, however, get access to some exclusive Shareholder merchandise.
The Green Bay Packers are the only publicly-owned team in major sports and have been so since 1923. This ownership structure has allowed the team to remain in Green Bay despite the city being the smallest market in North American professional sports. Currently, there are around 361,300 people who are considered owners of the franchise and hold 5,009,400 shares.