Packers closer to another stock sale
The team says it is not seeking any taxpayer money for improvements to Lambeau Field.
By PackerAaron
Via the team. the NFL has approved a potential Packers stock sale. The money raised would help pay off $250 million in improvements to Lambeau Field. The team says it is not seeking any taxpayer money for the new projects.
The Packers organization is planning to install new video boards and make more upgrades to Lambeau in the future.
Packers are moving toward another stock sale https://t.co/SSm9XAXsEn
— Aaron Nagler (@AaronNagler) October 27, 2021
The Packers have had five stock sales in their history. They took place in 1923, 1935, 1950, 1997 and 2011.
The 2011 sale, with shares priced at $250, added more than 250,000 new shareholders and raised $67.4 million toward a new entrance tower and viewing platform in the north end zone and an expansion that added roughly 6,600 seats to the south end zone.
That project was completed in 2013.
The 1997 sale, with shares priced at $200, added 105,989 new shareholders and raised more than $24 million, which was used for the Lambeau Field redevelopment project completed in 2003.
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Comments (10)
TheBigCheeze
October 27, 2021 at 03:20 pm
Packers should allow for the stocks to be traded on the open market.... otherwise, they're just pieces of paper....
jurp
October 27, 2021 at 04:40 pm
IIRC, the NFL prohibits this. I just wish that the stock paid dividends. Even an occasional $50 certificate for exclusive merchandise would be nice.
wildbill
October 27, 2021 at 04:30 pm
So you can’t sell the stock for more than you paid and it doesn’t pay dividends. What a racket, and of course I want one
Bearmeat
October 27, 2021 at 06:58 pm
Finally I’ll get some stock!
SwedeBayPacker
October 27, 2021 at 10:47 pm
It's just a fun way of donating money to the team. You get a nice certificate to hang on the wall for your troubles, considering people donating every time they go to church without getting a fancy piece of paper this is obviously the better deal.
Fabio
October 28, 2021 at 02:56 am
How can I go about buying a stock ????
Somedumbname
October 28, 2021 at 07:50 am
Personally, I think it is one of the coolest sports memorabilia someone can own.
jont
October 28, 2021 at 09:01 am
The Packers are to be applauded for this: They are showing America that stadiums can be financed privately, without burdening taxpayers.
I don't want to get political on a football board, but wealthy people have used their influence time and again to get politicians to impose new taxes and direct public funds to build these places and to build them far beyond what is needed. The LA stadium cost five Billion! NFL owners' egos are legendary and now Kroeneke's edifice complex will be paid for by two generations of CA taxpayers.
Thank you to MM and the Packers' board for being responsible citizens first and keeping this expense in house.
EstebanPablo
October 28, 2021 at 09:53 am
Brown County had a .5% sales tax add on for the stadium for like 15 years to pay for the stadium improvement in the early 2000's. Lots of local tax payer dollars went into Lambeau. I think it looks great, and was probably money well spent since the games at Lambeau pump tons of money in to the local economy.
ApplesAndTons
November 02, 2021 at 02:25 pm
raising money after the village sabotaged traffic rules and after the Lodge begs for it's second assessment (which was waived). titletownFlats was set to open on Nov 1