The Green Bay Packers have finally divulged when they’ll start selling stock — Tuesday.
The sale will begin at 8 a.m. CT and shares will cost $250 each. There will be 250,000 shares available, but you must live in the U.S. or a U.S. territory to purchase stock. You’ll be able to buy stock on Packers.com and information will apparently be available on the site only on December 6.
In other words, the organization isn’t releasing a lot of details, which is par for the course.
“We appreciate the interest that fans have expressed in our fifth stock offering,” said Mark Murphy, the team’s president and CEO. “We are not yet in a position to fully discuss the offering. However, this information will answer some of the initial questions that we’ve received. We look forward to formally launching the offering next week.
“We ask fans to look for details Dec. 6 on Packers.com.”
If you want more information, here’s what we know.
Over/Under on the shares selling out- 1Hour
I will be waiting anxiously to hit the checkout button on Tuesday the second they go on-sale!!! I cannot wait!!!
Everyone seems concerned that stock’s going to sell out. I wouldn’t be so sure. When the ’97 sale went down, 400k shares total were authorized for sale and only 120k sold. Those were only priced at $200, in a much more stable economic climate and right after a Super Bowl trip by the Pack.
I don’t think they’re going to sell out in an hour. I think there are just a few of us that are so excited, we’d each buy the max of 200 shares if we had the cash to throw around.
From the Packer archives:
The fourth stock sale came in late 1997and early in 1998. It added 105,989 new shareholders and raised more than $24 million, monies which were utilized for the Lambeau Field redevelopment project. Priced at $200 per share, fans bought 120,010 shares during the 17-week sale, which ended March 16, 1998.
Trying to buy stock this morning and their site is already crashing…
Well the stock sale site crashed the second it started…lame that they were not more prepared to handle demand!
Managed to get through. Went through the entire process, submitted order. Browser was frozen in “connecting to packerowners.com. HOWEVER I just got the confirmation email for my purchase so HOT DAMN move over Jerry Jones I own the REAL AMERICAS TEAM
I finally got through! I am now a proud share holder of / part nfl owner of America’s Team! GO PACK GO!!!