Green Bay Packers Ready To Sell Stock Offering In Team For First Time In Almost A Decade
The offering is opening to the public Tuesday morning, with 300,000 shares available at $300 each. Previous offerings went on sale in 1923, 1935, 1950, 1997, and 2011. Shareholders don’t receive any power in the organization aside from an invitation to an annual shareholder’s meeting with voting rights to issues decided at the meeting. The stock also pays no dividends to shareholders. The first three sales were to help the team stay financially viable in one of the NFL’s smaller media markets....