Buy Green Bay Packers Stock
December 6, 2011 by staff
Buy Green Bay Packers Stock, Green Bay Packers fans purchased $400,000 worth of shares in the first 11 minutes as the National Football League team’s fifth stock sale began today.
The only publicly owned franchise in U.S. sports, the Packers want to raise $62.5 million with the sale that started at 9 a.m. New York time. Shares cost $250 dollars and are available via mail or online at PackersOwner.com.
The website urges fans to “believe in legendary excellence” and to “become a shareholder in what you believe.” The stock pays no dividends, doesn’t appreciate and cannot be sold.
The franchise won its fourth Super Bowl in February, a game that was the most-watched television event in U.S. history. The Packers are 12-0 this season, the only undefeated team in the league.
“This is a significant and historic time for the organization,” club President Mark Murphy said today in a media conference call. “In the first 11 minutes, we had 1,600 sales.”
The Packers are raising money to help pay for a $143 million renovation of Lambeau Field that will add two gates, new scoreboards, a new sound system and about 6,700 seats before the start of the 2013 season, according to the team.
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