Seth Udinski, FISM News
The Green Bay Packers announced earlier this week that they are selling internal “stocks” of the team, for the first time in 10 years though the owners of the stock gain little more than a certificate, an invitation to a stockholders meeting, and dining room table bragging rights. This marks the sixth time in the franchise’s 100-plus year history that it has offered stocks to its personnel and fanbase.
Stocks are going for $300 a piece and will reportedly help fund stadium improvements. The Packers have played in Lambeau Field for the last 60 years. It is one of the oldest and most beloved NFL arenas, but it is also a stadium with one of the greatest needs for renovation.
The team said that they are planning on selling 300,000 shares in this opening. The Packers are unique in the NFL because they are the only publicly owned franchise, which has led the team to be known for its loyal fan-base. Green Bay is by far the smallest metropolitan area to have an NFL team, with nearly 800,000 less residents than Buffalo, NY which is the next closest in size.
The Packers are also one of the most successful franchises in football, and this season is no different, as Green Bay sits atop the NFC playoff standings at 8-2.