Green Bay Packers Stock Sale Set for Tuesday

Brooke McGeeCorrespondent IDecember 2, 2011

After months of eager anticipation, the Green Bay Packers announced on Thursday that shares for the team will go on sale beginning next Tuesday.

Shares will be issued for $250 each and they will initially offer 250,000 shares.

“We appreciate the interest that fans have expressed in our fifth stock offering,” Packers President and CEO Mark Murphy said in a written statement. “We are not yet in a position to fully discuss the offering, however, this information will answer some of the initial questions that we’ve received.”

Final details regarding the sale will not be released until Tuesday morning due to legal considerations.

Stock will be available until Feb. 29 online and through mail service. Debit and credit cards are approved for use for purchase.

Virginia and New Hampshire residents are currently not authorized to purchase the stock until further measures are approved.

Stock can also be purchased in your name or the name of another individual, so gift stock purchases should be easy. The purchase also will not need to be made through a broker.

Future stock owners will be allowed to vote on directors and other raised matters at the annual July shareholder meeting.

With the addition of these shares, the total available amount of shares that will be in existence for the Green Bay franchise will be 5,000,937.

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