Monday, November 15, 2021

A Cold Secondary Stock Offering

You can own a sports team. The Green Bay Packers are offering 300,000 shares of stock at a price of $300 per share.There are currently a little over 5 million shares of the Packers outstanding. Of course, you will never receive a dividend and have no say in the operations of the Packers. Since you are now a part of of an NFL franchise, there are rules: You cannot own another NFL franchise, you can't act as an agent for any NFL player, you can't publicly criticize the NFL, its management, coaches, or officials, and you can't bet on any NFL games. It doesn't sound like there is much green investing in Green Bay stock!