State of Wisconsin like you see with public universities. Even though the corporate offering documents refer to it as "common stock," a share of Packers stock does not share the same rights traditionally associated with common or preferred stock. It does not include an equity interest, does not pay dividends, cannot be traded, confers no season-ticket purchasing privileges, and has no protection under securities law. Also, shares cannot be resold except back to the team for a fraction of the original price. Shareholders receive nothing more than voting rights, an invitation to the corporation's annual meeting, and an opportunity to purchase exclusive shareholder-only merchandise. FWIW there has been six stock issues over the history of the Packers organization: 1923, 1935, 1950, 1997-98, 2011, and 2021-22. ** Edited by VTHokie2000 at 1/6/2025, 8:47:07 PM