Green Bay Packers running backs buy stock in team

Two Packers running backs are taking advantage of the team’s once-in-a-decade stock sale. AJ Dillon and Aaron Jones both announced on Tuesday night that they’d spent big bucks to purchase some stock in their Green Bay squad.

“Owner / Player,” Aaron Jones tweeted with a photo of his receipt of purchase.

Aj Dillon tweeted, “Self Employed,” on Tuesday. He bought the stock the same night that he received the key to Door County in Wisconsin.

The Packers running backs don’t need added motivation as the team rolls through to Week 11 with an 8-2 record but owning a piece of the pie couldn’t hurt.

Aaron Jones has 541 yards this season and three touchdowns. His counterpart Dillon has 421 yards and two scores.

Owner / Player 😎🧀 #GoPackGo pic.twitter.com/8fB3hF2Xxz

— Aaron Jones 3️⃣3️⃣ (@Showtyme_33) November 16, 2021

Green Bay announces share selloff

The Green Bay Packers announced Tuesday that they would be selling shares of their team. According to Richard Raymond of the Green Bay Press-Gazette, the shares are sold at $300 each, plus a handling fee. Green Bay is selling off 300,000 shares in total, restricted to residents of the United States, Guam, Puerto Rico, and the US Virgin Islands. The sale will continue up until Feb. 25, 2022 or longer.

Regulatory approval on the sales of the shares is on a state-by-state basis. Green Bay said Monday, after announcing the sale, that there are some states that have not done so just yet. Also, the Packers limit individuals to a 200-share maximum. That includes any shares acquired in the cells from 1997 and 2011.

If the Packers can successfully sell off all 300,000 shares at $300 apiece, that would net them a sum of $90 million. Green Bay said they would use the money for improving the Packers home at Lambeau Field. That $90 million would be roughly 36% of the required funds to complete the projects at the stadium. Those plans currently include concourse upgrades and a new video scoreboard, valued at a total of around $250 million.

Packers shares come with some risk

While, for most, owning a portion of a sports franchise is a dream come true, there is some fine print. The Green Bay Packers noted that the shares have no value and they are not required nor obligated to buy them back.

“The NFL rules prohibit conduct by shareholders of NFL member clubs that is detrimental to the NFL, including, among other things, owning a financial interest in any other NFL member club or other professional football organization; Loaning money to other NFL member clubs or any player, coach or employee thereof or any football official employed by the NFL; Acting as an agent for any NFL player; publicly criticizing any NFL member club or its management, employees or coaches or any football official employed by the NFL; or paying an NFL player or coach.”

The statement also includes the penalties for violating any of these rules, which could be a fine of up to $500,000.

On3’s Justin Rudolph contributed to this report.