Local leaders and the Packers have been discussing real estate development concepts to build upon the success of the stadium's redevelopment and to bring more visitors to the area. The Brown County half-cent sales tax that was approved by referendum in 2000 to help fund a renovated Lambeau Field is expected to be retired in 2015. Thus, while other teams depend upon a public contribution or the imposition of a tax to help pay for stadium projects, the Packers have a vehicle in which to help participate in the public-private equation through monies it can raise through stock sales, thus partially relieving the taxpayer of another burden. The 2011 public offering is for the express purpose of adding 6,700 new seats, a new sound system, two new video boards and two gates. While league owners have approved the sale of stock by Green Bay Packers Inc., the proceeds from the stock may only be used for capital improvements. Simply, a share of stock gives the holder of the stock a right to attend annual meetings and to vote for directors. Shares are also subject to conduct rules (no gamblers, no agents, no felons). The shares may be passed on to heirs, but no one person can own more than 200,000 shares, and shares are redeemable by the corporation for a fixed redemption price. The shares issued do not pay dividends, cannot be sold, do not increase in value, have no value upon liquidation and the ownership of shares does not create preferential seating, merchandise discounts or a move up on the waiting list of more than 96,000 wannabe season-ticket holders. issues shares of stock through a public offering, the "common stock does not constitute an investment in stock in the common sense of the term." has engaged in five stock offerings in the team's 92-year history. To retain and maintain the franchise, Green Bay Packers Inc. The Packers are not an IRC 501(3) tax-exempt organization and pay federal corporate income taxes. However, its articles of incorporation provide that the corporation shall be nonprofit and exclusively for charitable purposes and the stockholders shall not receive any dividend or pecuniary profit. is organized under Chapter 180 (business corporation) of the Wisconsin statutes. The legal structure of the Packers is also unparalleled. The Packers' structure is grandfathered and violates current National Football League rules, which limit the number of owners and require at least one owner to have a 30% stake and be fully accountable for the franchise. The Packers ownership structure is a vestige of an earlier time that would be impossible to retrofit today. The team is owned by "Packer Nation," aficionados who have acquired stock through public stock offerings.īefore the 2011 offering, 4,750,937 shares had been sold to 112,158 stockholders. transactions can be completed by mail, and paid for with a personal check or cashier’s check.Ĭontact Richard Ryman at (920) 431-8342 or Follow him on Twitter at on Instagram at or on Facebook at the Green Bay Packers will not be participating in Sunday's Super Bowl, they are a unique enterprise and a publicly owned corporation that owns a sports franchise. Individuals can view offering documents and purchase shares at . Individuals without internet access can request mail-in documents toll-free at (833) 696-7225. The money cannot be used for operations or football facilities. RELATED: Four volume Green Bay Packers history debunks myths, provides definitive story of team's first 100 yearsīefore this sale, the team had 361,300 shareholders who collectively owned about 5 million shares. Individuals are limited to 200 shares, including any shares acquired in the 19 sales.Īccording to NFL rules, the Packers can use the money only for projects which directly affect the fans. RELATED: Green Bay Packers' Aaron Jones nominated for Walter Payton NFL Man of the Year Award The 20 sales are for continued construction projects at the stadium. The 1997 sale was for the renovation of Lambeau Field. The first three sales, in 1923, 1935 and 1950, bailed the team out of dire finance straits. This is the sixth stock sale in the team's 102-year history. Shareholders do have the right to vote for directors and other items during the team's annual meeting in July. It does not pay dividends and cannot be resold. Stock in the Packers is not a financial investment. The Packers reported 2,361 purchases were made from Canada. 16, is approved in all 50 states, Washington, D.C., the American territories of Guam, Puerto Rico and the U.S. Team President and CEO Mark Murphy said the money will go toward $250 million in Lambeau Field projects, including concession stands renovation and new digital video scoreboards. 25, the team will raise $90 million, exclusive of handling fees. If all shares are sold by the time the sale ends on Feb. GREEN BAY – The Green Bay Packers stock sale raised $54 million through Wednesday, which resulted in 165,000 of 300,000 shares sold.
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