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. Plans call for adding 6,700 additional seats, new high-definition video screens and a new entrance by 2013.
The sale marks the fifth time in the Packers’ 92-year history that the publicly-owned team has offered stock, though it’s really not an investment in the traditional sense. The value doesn’t increase, there are no dividends and it has virtually no resale value. But it does qualify the buyer as a team owner and conveys voting rights. It also qualifies the holder to attend the annual stockholder meeting at Lambeau each summer before training camp begins. They also get access to a special line of shareholder apparel.
via Yahoo! Sports
The sale will continue until February 29, 2012, and can be purchased at packersowner.com.
I’m not even a fan of the Packers but I think this is so cool that I want to buy one..
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