But the share offer is for fans only.
The Green Bay Packers are offering 250,000 shares priced at $250 each in an effort to raise part of the $143 million needed to renovate the NFL team’s storied Lambeau Field. The catch is that the shares may not be traded or sold, and the Packers don’t pay shareholders a dividend.
Other than that, though, it’s quite a deal. Shareholders get a chance to buy unique merchandise and to attend the team’s annual meeting. And shareholders do get to pass their ownership shares on to immediate family when they depart for that great locker room in the sky.
That’s it.
The football team is publicly owned and non-profit, and this is the fifth share sale in franchise history. There are currently about 112,000 shareholders who own 4.75 million shares in the team. The limit on a single person’s ownership is 200,000 shares.
Shares went on sale today and will continue to be sold until the end of February. This could be a perfect stocking stuffer for the holidays for everyone by a Chicago Bears fan.
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