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Can I still buy Green Bay Packers stock? How do I buy it and how does it work?

AS USA logo AS USA 12/9/2021 Reem Abdalazem
The Green Bay Packers “ownership” stocks to be used for construction projects at Lambeau Field are still on sale till February, 2022. How does it work? © Stacy Revere (AFP) The Green Bay Packers “ownership” stocks to be used for construction projects at Lambeau Field are still on sale till February, 2022. How does it work?

In October, 2021, the NFL approved the sale of “ownership” stocks for the Green Bay Packers, with funds being used for stadium improvements.

In November, 2021, the Packers opened up 300,000 shares of their “common stock” for the first time in 10 years, with the opportunity of anyone becoming a “part owner” for just $300. This is the sixth sale the Packers run, its very first taking place in 1923, and its latest in 2011.

The sale is still running through Feb. 25, 2022.

How do the Green Bay Packers stocks work?

When one thinks of stocks, the automatic concept of “partially owning,” selling, trading or transferring comes up. In this case however, Packers fans are not really buying a normal piece of stock, like Apple or Tesla; Packers shares don’t increase or decrease in value, are not allowed to be sold, and do not give any voting power either. So buyers are basically just paying for a symbolic piece of ownership for the four-time Super Bowl champions.

In a press conference back in November, the franchise made it clear that these stocks are not of any intrinsic value,“Anyone considering the purchase of Packers stock should not purchase the stock to make a profit or to receive a dividend or tax deduction or any other economic benefits.”

So what do buyers get from purchasing the Packers stock?

Other than helping raise or adding to the $90 million to be used for construction projects at Lambeau Field- which have already been surpassed in the first few hours of the sale- buyers receive a certificate. However, it requires an additional $35 handling fee. So it doesn’t actually come with the purchase of the stock.

Fans interested in purchasing the stock can find the offering documents at https://packersstock.com. Shares can be bought online with credit or debit cards or with electronic bank transfers. Any U.S. buyers who want to receive the documents by mail and purchase shares with a cashier’s or personal check can call 833-OWN-PACK (833-696-7225).

Individuals can purchase stocks for themselves, or as gifts for others, but are limited to buying 200 shares, including any prior shares bought in the 1997-98 and 2011-12 stock offerings.

Purchases in Canada must be conducted online. 

The Packers stocks will continue to be sold until February 25, 2022. But the Packers franchise have shared that they have the option to extend the sale.

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