The Packers “will hold a stock sale before the end of the year if they receive the necessary approvals,” according to Richard Ryman of the GREEN BAY PRESS-GAZETTE. Packers Assistant Dir of PR & Corporate Communications Aaron Popkey said, "It requires NFL approval, and we are hopeful to receive that by the end of October.” Popkey said that “because the Packers would use money from the sale as they did last time -- for physical improvements of the stadium, not operating expenses -- they believe they will get NFL approval.” The stock sale “would be the fifth in the team's history.” During the last offering in '97-98 the organization “sold shares at $200 each,” and raised $24M. Popkey said, "We are hopeful we would sell in the neighborhood of at least what we did last time." The number of shares “has not been set,” but the Packers “have 280,000 shares available that were authorized for the last sale but not sold.” The Packers have “112,158 shareholders who own 4,750,937 shares of stock” (GREEN BAY PRESS-GAZETTE, 9/21). Team officials said that it is “reasonable to say at least 100,000, and likely more, will be sold” (JSONLINE.com, 9/20).
