Green Bay Reporter

The Green Bay Packers have announced that the team will be selling off 300,000 shares for $300 each in an effort to make upgrades to Lambeau Field, according to a release by the Green Bay Packers on Nov. 16.

While this gives the chance for fans to have part “ownership” of the team, it does not mean one will have any control of the team or receive dividends. The team is run by President Mark Murphy, an executive committee and a board of directors, according to ESPN.com. 

“We're excited to offer shares for just the sixth time in our franchise's history," Murphy said in a release by the Packers on Nov. 16. "Since we received permission from the NFL last month for a stock offering, fans have been excited. Their support is a key component of our ability to invest in Lambeau Field and maintain it as a top-tier sporting experience, which in turn contributes to the continued success of the franchise."

Funds raised from the stock offering go to construction projects at the stadium, which includes new video boards and upgrades to the concourse.

There are stipulations that come with the stock. One is that it does not mean that a person will have “stock” in the financial sense of the term. The Packers are not obligated to repay the amount a buyer pays to purchase stock, meaning the owner of the share will not receive dividends. Interested parties are also asked not to purchase stock for economic benefits. Both the Packers bylaws and NFL rules restrict people from transferring Packers stock, as well.

According to the Packers website, 200 shares is the limit for someone to purchase. This counts shares purchased in 1997-1998 and 2011-2012. The offering continues goes until Feb. 25, 2022, but it might be extended.

The offering initially will be limited to U.S residents, including those who reside in Guam, U.S. Virgin Islands and Puerto Rico. Shares can be purchased with personal check or cashier’s check by mail. Online payment can be made with debit cards, credit cards and electronic transfers.

There were already interested parties taking to the internet, including Youtube personality Schlasser who said he was “half-tempted to buy a share.”

“I could even gain the self-importance to say 'Part-owner of the Green Bay Packers' and hang the share on my wall,” Schlasser tweeted, but also went on to call the purchase a “waste.”

Those interested in the stock offering can find more information and essential offering documents at www.packers.com.