All I Want for Christmas is to Be an Owner of the Packers
And now, you can:
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.
The rest here.