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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.
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Green Bay Packers Stock Sale Closes, Raises $67 Million for Lambeau Expansion

American Football / NFL : Bleacher Report - NFL (3 years ago)

The Green Bay Packers announced Thursday that its recent stock sale raised an estimated $67 million, and more than 268,000 shares were sold. In a statement on the team's website, Packers president Mark Murphy said, “It’s a tribute t... Read Post

Green Bay Packers Stock on Sale Today

American Football / NFL : Bleacher Report - NFL (3 years ago)

The Green Bay Packers are the hottest team in the NFL at 12-0, and today, you can own a piece of the franchise. The Packers are selling stock in the franchise for $250 per share. The team has 250,000 shares available at ... Read Post

Green Bay Packers Make $62 Million From Selling Stock Shares

Sports : The Inquisitr - Sport (3 years ago)

The Green Bay Packers are looking to expand Lambeau Field and Packer fans are stepping up to pick up the bill. The only publicly owned team in the NFL has been selling off shares at $250 a pop, and so far, the team has raised more t... Read Post

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