Are you ready for the Tuesday morning hustle?
For those who have dreamed to be part-owner of the Green Bay Packers, that moment of reality has arrived.
After months of eager anticipation, the Green Bay Packers announced last 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. Whether more will be offered than that will depend on future variables.
“We appreciate the interest that fans have expressed in our fifth stock offering,” Packers President and CEO Mark Murphy said in a written statement last week. “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 beginning Dec. 6, 2011 until Feb. 29, 2012 online and through mail service. Debit and credit cards are approved for use of purchase.
Are you from Virginia and New Hampshire? I'm sorry, but residents are currently not authorized to purchase the stock until further measures are approved. Details are expected to be worked out.
Stock can also be purchased in your name or the name of another individual, so gift stock purchases should be easy for those who desire to do so. The purchase also will not need to be made through a broker, either. You can authorize it yourself.
For those who will be the soon-to-be proud owners, they 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.