Tag:Packers Stock Sale
Posted on: December 6, 2011 11:01 am
 

How to buy Green Bay Packers stock (right now!)

By Will Brinson

If you've always wanted to be a partial owner of an NBA team, but just didn't have the mustache money to make it happen, you have your chance on Tuesday. The Green Bay Packers are currently offering up for sale 250,000 individual shares of the team's stock for $250.

We previously mentioned that the stock would go on sale Tuesday, and it can now be purchased at PackersOwner.com.

We should note precisely what the website notes, which is "common stock does not constitute an investment in 'stock' in the common sense of the term." Which, put more simply, means you're not making an "investment" per se. If you purchase one of these shares, you shouldn't expect the Packers to win another Super Bowl and then get a bunch of dividends in return.

Instead, you're going to "help fund the Lambeau Field expansion project."

But it's not all just donating. You will be "invited to shareholder meetings and have voting privileges." Each piece of stock also comes with its own $25 "handling fee," so that's something too. (Wait, that's bad. Nevermind. But it's there.)

And the Packers, per their Offering Document, can actually offer up to 880,000 shares this time around, depending on how well the shares sell on Tuesday.

Basically, it boils down to the idea that the Packers are a publicly-owned company, they need money to make their awesome stadium even more awesome and they're offering fans a chance to "buy in" to the company just 19 days before the biggest gift-giving day of the entire year.

If you're a life-long Packers fan, it's a pretty cool thing to hop on, because you'll end up getting a locker room tour and a nifty little certificate that says you're an owner of the NFL's only publicly-run franchise.

Just don't think you're going to end up making any money out of it, or get to tell Mike McCarthy when he should go for two.

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Posted on: December 3, 2011 11:58 am
Edited on: December 3, 2011 1:35 pm
 

Green Bay Packers stock sale starts Tuesday

Posted by Will Brinson

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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The views expressed in this blog are solely those of the author and do not reflect the views of CBS Sports or CBSSports.com