The team announced Tuesday that 30,000 additional shares will be sold. That’s because they have nearly sold out the 250,000 shares initially made available at $250 a pop, plus a $25 handling charge.
The math is simple. The Packers will rake in $70 million if they sell out all 280,000 shares. The amount of Packers shareholders has tripled in the last month.
“As [team president] Mark Murphy said, we’ll see where it goes,” spokesman Aaron Popkey said Tuesday via the Green Bay Press-Gazette. “We know there are fans out there that want to participate.”
Florio pointed out that league rules will not allow other teams to try a similar maneuver. (Which makes sense for a variety of reasons.)
Since the Packers are essentially just printing money, however, they may want to try to do this every Christmas.