Packer Stock Sale Started Tuesday

By KBJR News 1

December 6, 2011 Updated Dec 7, 2011 at 6:49 PM CDT

Superior, WI (Northlands NewsCenter) -- Today marked the fifth time in history that the Green Bay Packer's have opened up a stock sale.

The last time fans were able to own a part of the Green Bay Packers, Brett Favre was hot off a super bowl victory. It only seems fitting to provide this unique offer again 14 years later, after last year's success.

"I got stock, I believe it was in 97 and I got one share and I'm an NFL Owner and it's a really unique situation, I think to be just a plain Jane guy and have an ownership in the NFL stock."

Rob Henson, owner of Henson's Country Foods, isn't sure he'll buy more stock this year. However, Mike Berry, who was kicking himself in 1997 for not buying, made amends with himself this morning after receiving his confirmation letter.

"But yeah it was pretty simple, got the confirmation and everything and it's all good to go. It's something that will be in my family forever, you know I'll give it to the kids, the kids will give it to the kids, you know that type of thing. No team in sports has anything close to this, nothing and we're so lucky to have the team we have."

Officials forecast a strong buy for this Common Stock sale, especially because of the perfect record Green Bay has been able to maintain this season. However, Senator Bob Jauch isn't convinced it's in his best interest.

"I'm not sure I would personally go buy a piece of paper to help them invest in a skybox that I can't go and sit in."

The 250 dollar purchase will help add six thousand new seats to Lambeau Field. Matt Christy of Edward Jones Investments says the stock is purely a one time purchase with no capital gain whatsoever.

"They cannot be bought through your financial advisor or your bank or financial institution. You have to keep in mind that it's not going to pay a dividend so there's no cash dividend that comes out. They don't trade on the open market so they're not trading on the stock exchanges."

This stock offer has allowed Wisconsin to fund all aspects of the Packer Corporation, without having to increase taxes on the state.

The Packer Stock can be purchased on Green Bay's NFL website and will be available until February unless the 250 thousand available shares sell out.

Jordan Weinand
jweinand@northlandsnewscenter.com