Packers stock sale hits 138,000 shares sold, raising $46M for Lambeau Field improvements

Richard Ryman
Green Bay Press-Gazette

GREEN BAY – The Green Bay Packers sold 138,000 shares in the first week of the sixth stock sale in team history.

The sale began Nov. 16 with 33,000 shares sold in the first three hours and 110,000 in the first day and a half. After one week, 46% of the 300,000 available shares were sold. The sale is scheduled to continue to Feb. 25, 2022, or until all shares are sold. 

During the previous sale, in 2011, the team offered 250,000 shares at $250 each and added another 30,000 after about three weeks. It also extended the sales period. In the end, the Packers sold 269,000 shares that year and raised $67.4 million. 

Shares this time sell at $300, plus a $35 handling fee, which means $46 million was taken in since the start of the sale.

Steve Tate, of De Forest, attends the Green Bay Packers' annual shareholders meeting at Lambeau Field in 2013.

If all shares are sold, the team will raise $90 million, exclusive of the handling fees, which team President and CEO Mark Murphy said will go toward $250 million in Lambeau Field projects, including concourse renovation and new digital video scoreboards.

Before the sale, the Packers had 361,300 shareholders who collectively owned 5,009,400 shares. 

Shares do not pay a dividend and cannot be sold, although they can be transferred to family members. As a result, the majority of Packers shareholders own one share. Shareholders vote on the team's board of directors and other matters that come before them at the annual shareholders meeting in July.

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The sale is approved in all 50 states, Washington, D.C., the American territories of Guam, Puerto Rico and the U.S. Virgin Islands, and in Canada.   

Individuals can view offering documents and purchase shares at packersstock.com. Individuals without internet access can request mail-in documents toll-free at (833) 696-7225. Only U.S. transactions can be completed by mail, and paid for with a personal check or cashier’s check.  

This is the sixth stock sale in the team's 102-year history. The first three sales,  in 1923, 1935 and 1950, bailed the team out of dire finance straits. The 1997 sale was for the renovation of Lambeau Field. The 2011 and 2021 sales are for continued construction projects at the stadium.

According to NFL rules, the Packers can use the money only for projects which directly affect the fans. The money cannot be used for operations or football facilities.

Contact Richard Ryman at (920) 431-8342 or rryman@gannett.com. Follow him on Twitter at @RichRymanPG, on Instagram at @rrymanPG or on Facebook at www.facebook.com/RichardRymanPG/.