Green Bay Packers Offer 300K Shares For Sale

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Damir Mujezinovic

The Green Bay Packers are offering 300,000 shares priced at $300 per share.

The offering began at 9 a.m. ET Tuesday, allowing fans to buy $90 million of "stock" in the NFL team to help fund improvements at the Lambeau Field stadium in Green Bay, Wisconsin.

The sale, which was approved by the NFL back in October, will run through February 25, 2022.

Obviously, the stock has no real value and cannot be traded on open markets, but purchasing allows the team's famously loyal fanbase to contribute.

Selling Stock

As reported by CNBC, the Green Bay Packers said in a statement that "anyone considering the purchase of Packers stock should not purchase the stock to make a profit or to receive a dividend or tax deduction or any other economic benefits."

"Stock in the Packers does not constitute an investment in ‘stock’ in the common sense of the term," the team noted.

The Packers are owned by a nonprofit Wisconsin corporation, and the team's stocks previously went on sales several times: in 1923, 1935, 1950, 1997, and, most recently, 2011.

CEO Issues Statement

CEO Mark Murphy also issued a statement on Monday, saying "we appreciate the interest that fans have expressed in our sixth stock offering."

"While we are not yet in a position to fully discuss the offering, we do have some initial information that we can share for fans to consider. We look forward to formally launching the offering tomorrow," Murphy stated.

As CNBC noted, only people in the United States, the U.S. Virgin Islands, Puerto Rico, and Guam can purchase Packers stock, but no more than 200 shares.

Sales Going Great

Sales are going great so far. As Fox 11 News reported, the Packers say they sold $10 million worth of stock in the first three hours of the offering.

"It’s been 10 years since our last offering and we’ve been asked regularly by fans when the next opportunity will take place to become an owner of the Packers," Murphy said.

"For them and our next generation of fans who are ready, we’re very pleased to welcome our newest shareholders," he added, noting that this initiative will contribute to "the continued success of the franchise."

Aaron Rodgers Controversy

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The Green Bay Packers' decision to sell stock comes amid controversy surrounding the team's star quarterback Aaron Rodgers refusal to get vaccinated against the novel coronavirus.

Rodgers' refusal to get vaccinated cost his team $300,000, because he violated the league's COVID-19 protocols. Rodgers even had to pay a $14,650 fine, because he attended a Halloween party with his teammates without wearing a mask.

The quarterback claimed in August to have been vaccinated, but that turned out to be false.

"I made some comments that people might have felt were misleading. To anybody that felt misled by those comments, I take full responsibility for those comments," he recently said.

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