The Green Bay Packers will reportedly open the floodgates for their first public stock sale since 1997, next week.
Each share is expected to cost more than $250 and the sale will begin on or around November 15. Shares cost $200 the last time they were offered, but despite the increased price point demand is expected to outpace supply.
“It’s all about pride of ownership. It’s a great vanity purchase, as a lot of sports teams are, but at a much lower price point,” said Sal Galatioto of Galatioto Sports Partners, one of the leading firms involved in the sale of sports franchises. “It’s a great thing to hang on the wall.”
Unfortunately, the Packers haven’t released a lot of details about the sale, which is expected to raise about $130 million to help finance a 6,600-seat Lambeau Field expansion.
We do know this, though. All you get by buying stock is a certificate, access to the team’s annual meeting, quarterly reports and a special section of the website where you can buy merchandise reserved for shareholders only.
The stock can only be transfered to immediate family members and cannot be sold.
Currently, 4.8 million shares in the Packers are owned by 112,158 people.
Dibs
Is this still going to happen this week? Do we have any more information about when the sale will start, how much they will be? Is there a minimum number of shares you must buy? I’m really interested in purchasing a few if possible. Any help would be much appreciated! Thanks!
~Ryon
I haven’t found anywhere on-line about how to purchase any stock yet. Has it happened already or has it not started yet?
I would like to purchase packer stock for a dear friend of ours in Louisiana as he is a true packer fan. How can I purchase it over the internet??? Would appreciate any help you can give me. My husband is 100 percent disabled Marine from the Korean conflict and this is his dearest friend. Thank you for all the help you can give me.
Where can you buy packers stock? i’ve been searching forever for my fiance since he heard about it and im getting frustrated
I too would like to know where I can purchase Greenbay Packers stock online, anybody know???????
can any one please tell me where can i purchase packers stock..pretty please..i went all over the internet and find nothing…go pack go..