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.
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
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 Packers.com ... Read Post