Report: Green Bay Packers Sold Nearly 200,000 Shares In First Week Of Sale
The Green Bay Packers sold close to 200,000 shares of stock in their first week of their first public sale since 1997, according to CNBC's Darren Rovell.
[tweet https://twitter.com/darrenrovell/status/150225745782906880 align='center']
Shares of the Packers purchased by fans are non-transferable, meaning that even though the shares will cost fans $200 each, there will be no way buyers can profit from them. Prior to the sale there were 112,158 shareholders who owned 4.8 million shares of the stock. The Packers reportedly will use the funds raised by the sale to pump over $130 million in improvements to Lambeau Field.