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.
Last month, for just the fifth time in the team's 92-year history, the publicly owned Packers launched a stock offering for 250,000 shares in the franchise. Here's the official certificate that a fan named Arvind received in the mai...
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 ...