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Released: December 03, 2011
Football fans get a chance to buy stock in Green Bay Packers
Source: Dinesh Ramde, Associated Press
If you want to own a piece of the Super Bowl champion Green Bay Packers, now’s your chance.
The Packers, the NFL’s only publicly owned team, announced details Thursday about their first stock sale in 14 years and fifth in team history. The money will help pay for $130 million in renovations at historic Lambeau Field in Green Bay.
Own just one share and technically you’re a team owner.
But be aware that Packers stock isn’t like regular stock. The value doesn’t go up, there are no dividends and it has virtually no resale value. Stockholders do get a certificate, plus voting rights, along with invitations to attend annual meetings where they can meet Packers executives, tour the Packers Hall of Fame and stick around for the kickoff of training camp.
Read Full Article: Football fans get a chance to buy stock in Green Bay Packers
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