I don't know how I missed this bit of important news yesterday. From the Press-Gazette:
The Green Bay Packers will hold a stock sale before the end of the year if they receive the necessary approvals.
During the last offering, in 1997-98, the organization sold shares at $200 each. It raised $24 million.
"We are hopeful we would sell in the neighborhood of at least what we did last time," Popkey said.
Each share will cost "$200 or more" according to team spokesman Adam Popkey. Maybe they have some reason to be pessimistic, but I'm thinking this will be like printing money. They have a new generation of fans who would like to become a shareholder, fans who may want stock from another offering (if they bought some back in 1997), and fans like me who regret not buying any during the last stock sale.
Will you buy Packers stock later this year?
Yes (1199 votes)
No (136 votes)
Depends on the price (375 votes)
1710 total votes