GREEN BAY AREA REGIONAL NEWS: Brown County

UPDATE: Packers sell nearly half of 300k shares, stock available until Feb. 2022

Packers
WEDNESDAY 11/24/2021 1:54 p.m.

GREEN BAY, Wis. (WFRV) – Still trying to find that perfect Christmas gift? Well, the Green Bay Packers still have shares of the team available.

The team’s sixth-ever stock sale got underway on Nov. 16 and they are selling 300,000 shares. To date, they have sold over 138,000 shares. The offering will run until Feb. 25, 2022, or until all the shares are sold. The date is subject to an extension.

Only individuals (including spouses as joint tenants) are able to purchase shares, and individuals can buy shares as a gift for someone else.

The team also wanted to make fans aware of the following information:

  • 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 the stock
  • Anyone considering to purchase the stock should not do so to make a profit or 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 offerees and purchasers of Packers stock will not get the protection of securities laws with respect to any offering or sale of Packers stock
  • The Packers bylaws and NFL rules severly restrict transfers of Packers stock

Anyone looking to buy a share in the team can do so on the team’s website.

ORIGINAL: Sixth-ever Packers stock sale to start Nov. 16, 300,000 shares to be offered

MONDAY 11/15/2021 10:51 a.m.

GREEN BAY, Wis. (WFRV) – Christmas may come early for Packer fans who want to become owners, as the team announced some details of its stock offering.

Here is all the information that was released:

  • The price per share will be $300, and there will be a handling fee
  • The offering will initially be limitjed to people in the United States, as well as Guam, Puerto Rico and the U.S. Virigin Islands
  • Shares can be purchased online
  • Only individiuals (including spouses as joint tenants) can purchase shares, and shares can be bought as gifts for other indiviudals
  • 300,000 shares will be offered
  • No one can buy more than 200 shares (counting any shares that the person bought in the 1997-1998 and 2011-2012 offerings)
  • Offering will continue until Feb. 25, 2022

Some quick math shows that the team will generate $90,000,000 (300,000 shares x $300 per share), which does not include the handling fee.

Officials say that while not all the details are released, more information will be available tomorrow at the Packers website.

“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. We look forward to formally launching the offering tomorrow,” says Packers President/CEO Mark Murphy.

The team also wanted to make fans aware of the following information:

  • Stock in the Packes 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 the stock
  • Anyone considering to purchase the stock should not do so to make a profit or recieve 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 offerees and purchasers of Packers stock will not get the protection of securities laws with respect to any offering or sale of Packers stock
  • The Packers bylaws and NFL rules severly restrict transfers of Packers stock

There will be a press conference at 11 a.m. on Nov. 16 that will be streamed on the Packers website.

Interested in buying the stock? Click here.

Copyright 2021 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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