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^ Back to Top ^ © 2023 ESPN Internet Ventures. There is also a 42-person board of directors. Without a single owner, the team is run by a president - currently Murphy - who heads a seven-member executive committee.
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Information about how to purchase shares can be found on the team's website,. No one may buy more than 200 shares, including shares purchased in the 19 sales. The latest sale, which launches Tuesday, will offer 300,000 new shares for $300 apiece. GREEN BAY Packers President & CEO Mark Murphy did not guarantee an NFL draft for Green Bay at Monday's annual shareholders meeting, but he tiptoed right up to the line. We look forward to formally launching the offering tomorrow." "While we are not yet in a position to fully discuss the offering, we do have some initial information that we can share for fans to consider. "We appreciate the interest that fans have expressed in our sixth stock offering," Packers president Mark Murphy said Monday in a statement. The team has a reserve fund that as of its latest financial disclosure in July was worth just under $400 million.
The team's bylaws state that "to protect against someone taking control of the team, the articles of incorporation prohibit any person from owning more than 200,000 shares." There are 5,009,479 shares of stock held by 361,362 stockholders, none of whom receive any dividends - meaning it's essentially a worthless piece of paper. However, the league stipulates that money raised from the stock sales can be used only for things like stadium and facilities improvement projects and cannot be used for operating expenses or anything involving players. The NFL allows the Packers to periodically conduct such sales to make up for the fact that the team has no deep-pockets owner who can invest into the franchise. Additional stock sales followed in 19 to raise money for stadium expansion and projects. The early stock sales (1923, 19) were done out of necessity to keep the team afloat financially in the small market of Green Bay. To be sure, the stock will have no value, pay no dividend and allow no say in team matters, but the Packers are offering shares of "ownership" for just the sixth time in franchise history and the first time in 10 years.
So you want to own an NFL team? Here's your chance to buy a share of the Green Bay Packers for $300. Green Bay Packers offer 'ownership' shares for first time in 10 years Packers president Mark Murphy’s full comments at today’s shareholders meeting about Aaron Rodgers and the trade: We will bring him back and retire his number at the appropriate time.
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