Green Bay became the first team in the NFL to become a publicly-owned franchise when it initially offered shares in 1923 to help keep the team afloat. Back then, the team sold a few hundred shares for $5 each. Last week, the team held another stock sale, handing out 185,000 shares at $250 a pop in the first 48 hours. Green Bay’s goal is to eventually sell 250,000 shares.
The recent stock sale is part of an effort to raise US$143-million in order to help renovate the team’s Lambeau Field stadium. Renovations are expected to add two new gates, as well as about 6,700 seats and a new video board.
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