Owning an NFL team is a pretty difficult thing to pull off. In fact, only the Green Bay Packers represent a chance for members of the public to invest some of their hard-earned money into an NFL team, and even they only have a limited number of shares.
But here's some good news -- starting on Tuesday, the Packers will kick off their fifth-ever stock offering and make 250,000 shares available to the public at the low cost of $250 a share.
“We appreciate the interest that fans have expressed in our fifth stock offering,” Packers President and CEO Mark Murphy said in a statement released by the team. “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.”
The details Murphy and the Packers did offer include: only US citizens can purchase shares (with the exception of people who live in New Hampshire, who may not); up to 200 shares may be purchased by each individual or spousal pairing; shares can be purchased online with credit and debit cards, or via mail; the 200-share limit includes any shares purchased during the last offering in 1997-98.
Additionally, you can't transfer the stock, you shouldn't buy the stock hoping that the Packers win another Lombardi Trophy and you make a profit, and each piece of stock isn't worth $250 if you want to sell it back to the Packers.
Also, be aware that there are currently 4,750,397 shares owned by 112,158 shareholders, so you probably won't have much say in whether James Starks gets more carries than Ryan Grant the rest of the year.
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