Wednesday, December 7, 2011

Green Bay Packers Sell Stock as Nonprofit Organization

Green Bay Packers Sell Stock as Nonprofit Community Organization
The Packers are the only team in the NFL  with the nonprofit community owned organization structure. no other new NFL team can be a nonprofit. The  Packers have been a publicly owned nonprofit corporation since 1923.  The team held its first stock sale that year.
The Packers have only offered stock five times in their 92-year history.  But this is not your ordinary stock investment.

Owning stock in the Packers is not what one would think of as an investment in the every day sense of the term “stock.” 

The  team has put 250,000 shares up for sale at $250 apiece, plus a $25  handling charge per order. Murphy said the team hopes to generate at  least $22 million to help defray the cost of a $143 million renovation  project at Lambeau Field.

There was already a ton of fans that had their grips on the team; prior to the sale, there were 112,000 stockholders with a total of 4.75 million shares.


The Packers are hoping to raise $130 million dollars to renovate their home at Lambeau Field.  The team will be  offering  250,000 shares at $250 a piece to help pay for part of the renovations.  You have to be a person to purchase a share.  No corporations can be  trusted enough for own Stocks, you have to be a living, breathing, human being to be an owner. go buy,,, Green Bay Packers Stock

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