By Will BrinsonIf you've always wanted to be a partial owner of an NBA team, but just didn't have the mustache money to make it happen, you have your chance on Tuesday. The Green Bay Packers are currently offering up for sale 250,000 individual shares of the team's stock for $250.
We previously mentioned that the stock would go on sale Tuesday, and it can now be purchased at PackersOwner.com.
We should note precisely what the website notes, which is "common stock does not constitute an investment in 'stock' in the common sense of the term." Which, put more simply, means you're not making an "investment" per se. If you purchase one of these shares, you shouldn't expect the Packers to win another Super Bowl and then get a bunch of dividends in return.
Instead, you're going to "help fund the Lambeau Field expansion project."
But it's not all just donating. You will be "invited to shareholder meetings and have voting privileges." Each piece of stock also comes with its own $25 "handling fee," so that's something too. (Wait, that's bad. Nevermind. But it's there.)
And the Packers, per their Offering Document, can actually offer up to 880,000 shares this time around, depending on how well the shares sell on Tuesday.
Basically, it boils down to the idea that the Packers are a publicly-owned company, they need money to make their awesome stadium even more awesome and they're offering fans a chance to "buy in" to the company just 19 days before the biggest gift-giving day of the entire year.
If you're a life-long Packers fan, it's a pretty cool thing to hop on, because you'll end up getting a locker room tour and a nifty little certificate that says you're an owner of the NFL's only publicly-run franchise.
Just don't think you're going to end up making any money out of it, or get to tell Mike McCarthy when he should go for two.
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