The Green Bay Packers’ share sale is turning out to be an absolute success so far. On the very first day, the franchise raises 83,000 shares. The money will be used to renovate Lambeau Field.

Munich – The Green Bay Packers are currently selling shares to their fans to flush some money into their soggy coffers: a total of 300,000 securities at $300 each.

That makes a total of 90 million dollars, which is to be invested in the expansion of the home stadium.

And after the first day, it can already be said that the campaign is a success.

25 million return after day one

Despite the announcement that buyers should not expect to make a big profit by purchasing the shares, fans pounced – and quickly and in large numbers.

Over 83,000 shares have already been sold in the first 24 hours. That means a yield of 24.9 million US dollars.

Due to the low chances of profit, buying shares is like a donation from fans to the franchise. For the Packers, the ideal way to get a lot of money comparatively quickly.

Also because it means they don’t have to rely on a big backer. And the buyers among Packers fans will also be happy to own a piece of the franchise.

Green Bay is the only team in the NFL that is owned by the supporters and does not have a classic owner.