Have you ever wanted to own an NFL franchise?
Well today is your lucky day.
For the first time in 14 years, the Green Bay Packers are selling shares of stock for one of the league’s most storied franchises.
Sure it’s only teeny, tiny slice of the giant Green Bay cheese wheel, but for $250 a share (plus a $25 handling charge) you can own a piece of a 13-time league champion and the team that could be on course for the 19-0 season ever.
Not surprisingly, fans quickly jumped at the opportunity to officially get on board with the only publicly-owned NFL franchise. Within the first 11 minutes of the sale, the team had already received 1,600 orders, according to team president Mark Murphy.
The volume bogged down what should have been a relatively simple process, but a few technological glitches for a piece of the Pack was well worth it for 34-year-old Sarah Johnson.
“I could have just as well thrown my money out the window for what I get for it, other than a feel-good,” Johnson told the Associated Press. “I just feel like the Packer organization has sort of a nostalgia and an excitement around it other franchises don’t have. Just to say you’re part of that on some level is neat to me.”
The team offered 250,000 shares through Feb. 29, subject to an extension, to help cover renovations to Lambeau Field. And aside from a piece of paper proving their share of the team’s ownership, investors will have little to show for their donation — the value of the stock won’t increase with each Sunday victory, it has virtually no re-sale value and it won’t help you move up the season tickets waiting list. They will get voting rights, admittance to the team’s annual stockholder meeting and access to some exclusive shareholder swag.
But if you’re buying in, you’re doing it for the “feel-good,” as Johnson put it.
How many people can say they own a professional sports franchise — and the Green Bay Packers, no less?
Just be warned: NFL rules prohibit any shareholder of an NFL team to do anything detrimental to the league — and that includes anyone who buys a share of the Packers. So stick to the straight and narrow, or you could join Ndamukong Suh and other NFL players on Roger Goodell’s naughty list this holiday season.
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