Go to GREENBAYPACKERS.COM for more information.
The are publicly owned but not publicly traded, so no ticker symbol. The Packers only sell stock when they need financing. The last time they sold stock was in 1997 for the refurbishing of Lambeau Field.
Green Bay Packers stock is not stock that you can just buy. It is offered by the Green Bay Packers, and sale of stock has to be approved by the existing shareholders. The last time stock was offered for sale was 1997-1998 for $200 per share to raise funds for improving Lambeau Field. The sale raised more than $24 million, about 1/3 of that in the first 11 days of the offering. People who own shares of of GBP stock cannot be sold to others--it can only be sold back to the team. The stock doesn't appreciate in value, no dividends are paid, and there are no season ticket privileges. However, the stock certificate is really cool, and you can proudly say you own part of a professional football team!
The fans! The Packers have offered stock in the team five times in their history. When the stock is available, any U.S. citizen can buy shares. Today there are shareholders in all 50 states. There's a lingering misperception that the city of Green Bay owns the team. They aren't owned by any government body, but rather by ordinary citizens.
The Green Bay Packers are the only PUBLICLY OWNED team in the NFL. This means that the citizens of Green Bay, WI own the team. If the Packers are ever sold the entire profits must go to the Sullivan-Wallen Post of the American Legion in order to build "a proper soldier's memorial."
No, the Green Bay Packers are publicaly owned ANSWER: Technically, yes, but it would require a majority vote of the shareholders, and that's not likely to ever happen.
The packers stadium is the third largest in the NFL. It has a capacity to hold 80,750 people and is often sold out at games.
You cannot buy a share any longer. The last sale was in 1997. Current shareholders are only allowed to will them to relatives and heirs. Should you buy a share form a current shareholder you are only getting the certificate which will still be in the original shareholders name and they retain all ownership rights and voting privileges. Please refer to the related link for more information.
According to Packers.com, there are currently 112,088 stockholders of Green Bay Packers stock. The most recent stock sale came in 1997 and 1998 which raised over $24M for the team to use in the Lambeau Field redevelopment project. Initially priced at $200/share, it is, in fact, a lousy investment for the shareholder (except they can honestly claim to be an NFL team owner). According to Packers.com, "Shares of stock include voting rights, but the redemption price is minimal, no dividends are ever paid, the stock cannot appreciate in value, and there are no season ticket privileges associated with stock ownership. No shareholder is allowed to own more than 200,000 shares, a safeguard to ensure that no one individual is able to assume control of the club." And finally, "Shares of stock cannot be resold, except back to the team for a fraction of the original price. Limited transfer of shares (ie., to heirs and relatives) is permissible." An interesting fact is that according to the Packers original articles of incorporation (they are in fact, Green Bay Packers, Inc.) if the Packers were to dissolve or be sold, the remaining profits are to be given to a local VFW post for them to build a "proper soldier's memorial." With the Packers valued around $911M (in 2007), that would build one heck of a soldier's memorial.
Green Bay Packers tickets can be very hard to get. You may try to look in your local newspaper or else go to a game that is not at Lambeau field. Here is a website that offers Green Bay Packers tickets for sale: http://www.gotickets.com/sports/nfl/nfc/green_bay_packers.php
In this system they have procedures in place so that the first stock of a product received (i.e. first in) will be the first stock of that product sold (i.e. first out). This prevents the accumulation of forgotten old stock in the "back of the warehouse" while the new stock arrives and is immediately sold, reducing waste. The system is utilised fully in dealing with shortlife chilled foods for example that have "use by" and "best best" dates. In most organisations its called stock rotation or variants of the term
If you are buying to cover a stock, it means that you have sold short the stock (borrowed the stock and then sold it in the expectation of the stock price dropping).