The average NFL franchise is worth more than $1 billion. So unless you’re Mark Zuckerberg or Bill Gates, chances are you don’t have enough pocket change to buy one. But you can now buy at least part of one as the Green Bay Packers have started selling shares in the defending Super Bowl champions.
The team from Titletown began a stock sale on Tuesday (Dec. 6) allowing fans to buy in at $250 per share plus a $25 handling charge. The team has said money from the sale will go to finance renovations at Lambeau Field.
Packers President Mark Murphy tells the AP that the team received 1,600 orders in the first 11 minutes of the offering. This is the fifth stock sale in the team’s 92-year history.
The only trick with these stock certificates is they have virtually no re-sale value. The stock is not an investment vehicle and there are no dividends. On the plus side, it gives buyers something to brag about on Sundays.
While the team hasn’t said specifically, fans of the Chicago Bears are likely prohibited from buying in.