Monday, September 26, 2011

Want To Own The Green Bay Packers?

The Green Bay Packers are for sale and you can own them, or at least part of them.
From the jsonline: Looking for that stocking stuffer for Christmas for Mom or Dad?
Try a share of the Green Bay Packers.
As of now, it looks as if NFL owners will consider approval of a Packers stock sale on Oct. 11 when they gather in Houston.
NFL officials say the matter will come before the owners' Finance Committee on that day. If approved, the thinking is that the sale would be held as soon as possible. And what better time to raise money for the team's $143 million expansion project than Christmas time?
To be sure, there may be opposition among NFL owners to the Packers' plan for a stock sale. There is only one publicly owned franchise in the NFL, so the Packers have an advantage no other team has. That could be construed as a competitive advantage. But Packers' officials say they are confident the plan will pass.
As previously reported, the team is using the last stock sale, held in 1997-'98, as a guide. At that time, the team sold 120,010 shares for $200 each. A total of 400,000shares were made available for that offering.
The franchise has not yet established a price or how many shares would be made available. But team officials say it is reasonable to say at least 100,000, and likely more, will be sold. Two hundred dollars is being considered as the price, team officials said.
http://www.jsonline.com/blogs/sports/130526048.html
A competitive advantage? Right. It would be one thing if the Packers used the stock sale to pay for player contracts. The Packers want the money to upgrade Lambeau Field.
Right now, there may be around a 955 year wait (http://en.wikipedia.org/wiki/NFL_season_ticket_waiting_lists ) for season tickets, so it would be nice for Lambeau Field to be expanded, to maybe 150,000 seats.
Then you would have a competitive advantage.

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