Green Bay Packers Stock Goes On Sale To Public, Initial Sales Update

Want to own a piece of the Super Bowl champions?

Today, you can.

Fans of the Super Bowl champion Green Bay Packers snapped up shares in the opening minutes of the team’s public stock sale on Tuesday, slowing the website under demand for an ownership that conveys mainly bragging rights without profit.

“First and foremost it is a way for them to support and help the team and it does give them significant bragging rights,” Packers President and CEO Mark Murphy told reporters. “They can say they are owners of a Super Bowl champion team.”

The Packers launched the offering to reduce the borrowing needed for a $143 million expansion of its iconic Lambeau Field in Green Bay, which is the smallest U.S. city that has a major professional sports franchise.

Before today’s offering the team had about 112,00 stockholders with a total of 4.75 million shares. The majority of owners live in Wisconsin, though there are stockholders in all 50 U.S. states.


Source: Reuters

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