For the fifth time in franchise history, Green Bay Packers fans can buy a piece of the team. The Packers this morning launched a stock sale, aimed at helping to raise funds for a $143 million expansion of Lambeau Field.
Shares cost $250 with a $25 per order handling fee. The stock has no monetary value and does not pay dividends.
Packers President Mark Murphy says the timing of the sale is great, with the team coming off a Super Bowl win last season and currently riding an undefeated record this year. Murphy says the sale is a great way for fans to offer their support and to help the Packers have competitive teams in the future.
Fans can buy the stock online, although a phone number has been set up for those without an internet connection.
AUDIO: Mark Murphy (:23)
The team designed a new stock certificate for the sale. Compared to the last one issued in 1997, it has different lettering and an image of Lambeau Field in the background.
In the first 11 minutes of sales this morning, the team sold 1,600 shares. The Packers are offering up to 250,000 shares this time around, which Murphy says they hope will raise about $20 million.
Mike Kemmeter, WHBY
