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.
For just the fifth time in their 92-year history, the publicly owned Green Bay Packers launched a stock offering this week, issuing at least 250,000 shares to anyone who wants to count themselves as an owner of an NFL team. It's an ... 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