You Can Own The Green Bay Packers
Christmas is 39 days away. Valentine's Day is 90 days away. If you have someone in your life that would like to own a NFL team, more importantly the Green Bay Packers-- now is your chance to make their dreams come true.
Today the Green Bay Packers-- the only publicly-owned, not-for-profit major professional sports team in the U.S., are selling shares of "stock" for just the sixth time in the franchise's 102-year history. The last time they did this was in 2011 (previous years-- 1923, 1935, 1950, 1997).
"We appreciate the interest that fans have expressed in our sixth stock offering," said Packers President/CEO Mark Murphy. "While we are not yet in a position to fully discuss the offering, we do have some initial information that we can share for fans to consider. We look forward to formally launching the offering tomorrow."
This once every 10 or years moment will last until February 25, 2022 and will have a ceiling of 300,000 shares sold at $300 per share-- the Packers would net $90 million. The Packers currently have 361,362 shareholders, who own over 5 million shares that were amassed through the team's five previous sales. The team plans to use the funds raised from this stock sale to help finance upgrades at Lambeau Field.
Realistically, you will own one of the coolest sports memorabilia there is to have and have the right to say "we" won today or "we" had a tough loss today-- Packers stock isn't really a stock: it can't be sold, pays no dividend and allows no say in team matters (outside of some votes at the annual shareholders meeting).
Still, I think we can all agree that we have wasted $300 on something more stupid than owning an NFL football team.
Click the link above or Packers.com for more info