Packers Stock Sale

  • Close to 112,000 people own 4.75 million shares of stock in the Green Bay Packers, the only publicly owned franchise in pro sports. That number will increase next week when the team holds just the fifth stock sale in its 93-year history. The Packers first sold stock in 1923 for $5-a-share to a thousand people. This was followed by offerings in 1935 and 1950. The most recent sale was back in 1997, when the team raised $24 million to renovate Lambeau Field. Those shares went for $200 a pop, but it's expected the 2011 price will be around $250, since the team is eyeing another $140 million renovation to their historic home field. [Bloomberg]

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