The Packers have announced they will "sell shares in the team beginning Tuesday and plan to offer them for $250 each," according to Richard Ryman of the GREEN BAY PRESS-GAZETTE. The Packers "initially will offer 250,000 shares." They "sold about 120,000 shares during the 1997-98 offering, raising $24 million." The organization said that shares would "be available through Feb. 29 online and through the mail." They can be "purchased with credit or debit cards." No one may "own more than 200 shares," and that "includes shares purchased during the 1997-98 offering." Shares can be "purchased only by individuals, including spouses as joint tenants." The stock sale is "open to residents of the United States, Guam, Puerto Rico and the U.S. Virgin Islands." However, shares are "not available to residents of Virginia or New Hampshire until regulators in those states approve the sale." Individuals can "buy shares in the name of others and, for example, present them as gifts." The stock does "not pay dividends, does not appreciate in value and cannot be traded" (GREEN BAY PRESS-GAZETTE, 12/2). The AP's Dinesh Ramde noted the money the team raises from the sale will "help pay for $130 million in renovations" at Lambeau Field. There are "currently 112,205 shareholders who own a total of 4.75 million shares." Ramde noted while being a shareholder "might come with some perks, it won't help you move up on the season-ticket waiting list, which has more than 81,000 names" (AP, 12/1).
