Discover a new way to find and share stories you'll loveā€¦ Learn about Reading Desk

Post Profile



How The Green Bay Packers Made $67 Million Selling Meaningless Pieces Of Paper

The Green Bay Packers raised $67 million in the last six weeks by selling 268,000 shares of the team to fans, the AP reports. The "shares" (which cost $250 a piece) aren't really stock at all. They don't increase in value, there are no dividends, and they have no cash value. But buyers do get a piece of paper that says they're an "owner" of the Green Bay Packers. The team is the only publicly owned franchise in the league, and now has 360,000 so-called shareholders.
read more

share

Copyright © 2011 Regator, LLC