NFL allows Packers to sell team stock

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The Green Bay Packers announced today that the NFL has authorized the team to sell stock in the team, which was last done in 2011 following the Packers’ Super Bowl XLV season. The following quote from team president Mark Murphy was included in the Packers’ statement:

“We appreciate Commissioner Goodell’s consideration and the support of the NFL for our potential share sale,” Packers Chairman and CEO Mark Murphy said. “If we made an offer, we would also have to take regulatory action and other actions. We are exploring such milestones and intend to keep our fans informed of future developments when we can. “

The last time the team sold stock, the price was $ 250 a piece and the funds were used to build a new entrance at the north end of the stadium and to build seats at the south end of the stadium. Lambeau land. In 1997, the only other time since 1950 when the team sold shares, the shares were priced at $ 200. If you are planning to buy or offer Packers shares, assume it will cost a few Benjamins.

In the team’s statement, the Packers indicated that they plan to build new video cards and lobby upgrades, where the money from stock sales will likely go. Murphy has been talking about replacing video cards since last season, when he mentioned it in his monthly Q&A column for the official Packers website. The Packers’ last major change in their video cards dates back to 2012, which was partially funded by the 2011 stock sale.

If you’re trying to take control of the team, here’s the bad news: The Packers limit anyone with more than 200,000 shares on their website. Tough news for those of you with $ 50,000,000 lying around.


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