Green Bay Packers Stock Sale: Fans of Perfect Packers Snatch Up Coveted Stocks

How much do the Green Bay Packers faithful love their team? A lot, judging by how quickly stocks went in a public sale held Tuesday. 

Reuters reported Green Bay, the only publicly owned franchise in sports, launched just the fifth sale of public stock in the franchise's 92-year history. 

The stocks are far more novelty than anything. It is a rare chance for fans to say they own a piece of the team that has brought them so much joy. As the report asserts, this sale was to reduce the borrowing needed for a $143 million expansion of the team's Lambeau Field in Green Bay. 

There was already a ton of fans that had their grips on the team; prior to the sale, there were 112,000 stockholders with a total of 4.75 million shares. 

Packers president and CEO Mark Murphy told reporters: 

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First and foremost, it is a way for them to support and help the team, and it does give them significant bragging rights. They can say they are owners of a Super Bowl champion team.

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So, how extensive was the sale? The team let 250,000 shares go on sale. There were 1,600 shares sold in the first 11 minutes, although no updates were given right after that. 

The team is extremely confident that they can raise a good amount of the amount needed through this stock sale. This is just one more piece of evidence that the Packers are the most highly supported team in sports.

The other fact? They have been sold out of season tickets since 1960. The report asserts that 93,000 fans are on the waiting list and could be on there for 35 years before they get a chance at them. 

It's no wonder that thousands flocked to swoop up the stocks that are worth more in emotion and pride than they are financially.