Hey Packer Fans, Want To Own A Piece Of Lambeau?
I’ll admit I am not a Packer fan, but I know many that are, and this is a cool proposition for them. So, I’m sharing. The last time that the team offered stocks to shareholders was 1997, it’s been a long wait, but the time has come, a chance to buy Packer stock will soon be available. Here’s some interesting facts and stats through the years and an email address if you want to make a purchase next week (and let Ken and Cathy know if you get a piece of Lambeau field)!
Green Bay Packers, Inc., has been a publicly owned, nonprofit corporation since Aug. 18, 1923, when original articles of incorporation were filed with Wisconsin’s secretary of state. A total of 4,750,937 shares is owned by 112,158 stockholders none of whom receives any dividend on the initial investment.
The corporation is governed by a board of directors and a seven member executive committee. One of the more remarkable business stories in American history, the team is kept viable by its shareholders — its unselfish fans. Even more incredible, the Packers have survived during the current era, permeated by free agency and the NFL salary cap. And, thanks in large part to Brown County’s passage of the 2000 Lambeau Field referendum, the club will remain solvent and highly competitive well into the future due to its redeveloped stadium.
Fans have come to the team’s financial rescue on several occasions, including four previous stock sales: 1923, 1935, 1950 and 1997. To protect against someone taking control of the team, the articles of incorporation prohibit any person from owning more than 200,000 shares.
For more information on shareholder matters, please e-mail your contact information (name, address, phone number, e-mail address) to firstname.lastname@example.org.
Info via: packers.com