NFL Approves Packers Stock SaleThe NFL has approved the fifth stock sale in organizational history by the Green Bay Packers, according to a
report by Bloomberg.
In an email from NFL senior vice president Greg Aiello, reporter Nancy Kercheval quotes the spokesperson as saying commissioner Goodell “has determined that the stock sale meets the appropriate conditions established in 1997 for such a sale in order to raise funds for stadium renovation."
From a Green Bay viewpoint, Packers vice president of administration and general counsel Jason Wied told Bloomberg in an email, “The Packers appreciate the NFL’s review of our information relating to a potential stock sale. Proceeding with a stock sale would also involve regulatory steps and other actions, which we are exploring. We intend to keep our fans informed of further developments to the greatest extent possible.”
The article reported the same information that's been disseminated for the past couple months, the cost would be $200 or more, the organization could sell in excess of 100,000 shares and could take place before Christmas.
No concrete details were provided of when and how the sale will take place, but the Packers will make those details very highly publicized when they finalize plans.
