Packers stock sale will kick off Tuesday
The stock really won’t be worth the paper it is printed on.
It has no real value and don’t wait by the mailbox. Dividend checks aren’t going to be arriving. Ever. But the Green Bay Packers will have a stock sale beginning Tuesday, the fifth time in the franchise’s history one has been conducted. This time, it’s all to raise funds for continued renovation of Lambeau Field at a price tag of $143 million.
There will be 250,000 shares available at a cost of $250 each, along with a handling fee. According to the Milwaukee Journal Sentinel, only individuals will be able to purchase shares. No one can buy more than 200, including shares they may have purchased in 1997-97, the last time stock went on sale.
More information will be available on Tuesday on the team’s Web site. The Packers do not want potential buyers to consider the stock an investment.
Follow me on Twitter: @BradBiggs
Brad Biggs covers the Bears for the Chicago Tribune