GREEN BAY, Wis. — Good news, Canadian Packers fans. Now you too can contribute $250 to your favorite sports team as part of the franchise's expanded stock offering. But hurry, because the offer ends once the calendar turns to March.
After selling 263,000 shares of stock in the Green Bay community-owned team throughout the United States over the last 11 weeks, the Packers have already raised $66 million towards their Lambeau Field expansion. But with 17,000 more shares available before the franchise reaches its 280,000 limit, they have been able to expand their sales northward.
"Since launching our sale in the United States, we've received a lot of interest from our fans in Canada," Packers President/CEO Mark Murphy said in a statement. "After receiving approval from the NFL, we have now clarified the regulatory requirements in Canada and are excited to offer ownership to our fans there."
The stock sale will close Feb. 29, or once the 280,000 stocks sold limit is reached, whichever comes first.
As has been the case in this and all previous stock offerings in the Packers, the team clarifies that this is not actually a stock investment "in the common sense of the term." After all, the stock will never increase in value and purchasers are told upfront that they will not make a profit from it.
This money is all part of $143 million project to give Lambeau Field 6,700 more seats and new video boards.
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