At a time when politicians in Minnesota want to force Zygi Wilf to sell 70 percent of the Vikings to the general public in the form of stock, the only NFL team that is publicly owned will soon be making the fifth sale of stock in team history.
Bloomberg.com reports (via SportsBusiness Daily) that the team is planning to sell additional shares in the range of $250 each. The goal apparently is to finance a $140 million renovation, which will expand Lambeau Field by 6,600 seats.
The Packers last sold stock in 1997. Under league rules, no other team may sell ownership shares to the public; the Packers’ pre-existing ownership structure was permitted to continue after league rules changed.
As evidenced in the photo, the nation’s most powerful Bears fan received a frame stock certificate when the Packers visited the White House earlier this year. It’s unknown whether he rolled it up for placement alongside the Lincoln Loo.