Packers announce sixth stock offering - Vilas County News-Review
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Packers announce sixth stock offering
By Gary Ridderbusch
, News Correspondent
11/16/2021 11:37 AM
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Did you ever dream of becoming an owner of the Green Bay Packers — the only publicly-owned franchise in the NFL.
Rather than being the property of an individual, partnership or corporate entity, the Packers are held as of 2021 by 361,300 stockholders. No one is allowed to hold more than 200,000 shares, which represents approximately 4% of the 5,011,558 shares currently outstanding.
Many believe it is this broad-based community support and nonprofit structure which has kept the team in Green Bay for over a century in spite of being the smallest market in all of North American professional sports.
Now, the Green Bay Packers have announced preliminary details for the organization’s upcoming stock offering, just the sixth in its history, which commenced Tuesday, Nov. 16, at 8 a.m. More information, including the formal offering document, is available online at packers.com.
“We appreciate the interest that fans have expressed in our sixth stock offering,” said Packers President/CEO Mark Murphy. “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.
Following is a list of details currently available:
• The price per share will be $300, and there will be a handling fee similar to the handling fee in the last offering.
• The offering will initially be limited to persons in the United States, as well as Guam, Puerto Rico and the U.S. Virgin Islands, subject to completing regulatory processes in certain states.
• Shares will be able to be purchased online with credit cards, debit cards, or electronic bank transfers, or with personal check or cashier’s check by mail.
• Only individuals (including spouses as joint tenants) will be able to purchase shares; individuals can purchase shares as a gift for other individuals.
• The Packers will offer 300,000 shares.
• No one may buy more than 200 shares (counting any shares that the person purchased in the 1997-’98 and 2011-’12 offerings).
• The offering will continue until Feb. 25, 2022, subject to extension.
There are a few things that interested fans should note, including stock in the Packers does not constitute an investment in “stock” in the common sense of the term. The Packers will have no obligation to repay the amount a buyer pays to purchase Packers stock.
They warn 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. Any offering of Packers stock will only be made through an offering document.
The Packers believe purchasers of Packers stock will not receive the protection of securities laws with respect to any offering or sale of Packers stock.
Nonetheless, a share of Green Bay Packers stock framed and hanging in a rec room or man cave might be the perfect gift for diehard Packers fans.
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