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Packers to sell even more non-stock stock

Mark Murphy

Green Bay Packers president Mark Murphy, right, and vice president of finance Paul Baniel unveil the new Green Bay Packers stock certificate during a news conference at the Lambeau Field, Tuesday, Dec. 6, 2011. Murphy says the team hopes to generate at least $22 million to help defray the cost of a $143 million renovation project at Lambeau Field. (AP Photo/Press-Gazette, H. Marc Larson) NO SALES

AP

The initial sale of the Packers’ non-stock stock has gone so well over the holiday season, the team is adding inventory for 2012.

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.