In 1950, the Packers held a stock sale to again raise money to support the team. In 1956, area voters approved the construction of a new city owned stadium. As with its predecessor, the new field was named
City Stadium, but after the death of founder Curly Lambeau, the stadium was renamed
Lambeau Field on September 11, 1965.
Another stock sale occurred late in 1997 and early in 1998. It added 105,989 new shareholders and raised over $24 million, money used for the Lambeau Field redevelopment project. Priced at $200 per share, fans bought 120,010 shares during the 17-week sale, which ended March 16, 1998. The fifth sale in the team's history began on December 6, 2011 and ran through February 29, 2012. During this sale, 269,000 shares were sold at $250 per share.
[24] During the 2011 stock offering, international sales in Canada were issued for a short while and accounted for approximately 2,000 shares. This was the first time in Packer history that international shares were sold. All proceeds from the offering went toward the expansion of Lambeau Field, a $143-million project that included approximately 6,700 seats, new HD video boards, a new sound system, and two new gates.
Shares of stock include voting rights, but the redemption price is minimal, no dividends are ever paid, the stock cannot appreciate in value (though private sales often exceed the face value of the stock), and stock ownership brings no season ticket privileges. While newly purchased shares can be given as gifts, once ownership is established, transfers are technically allowed only between immediate family members.[24] No shareholder may own over 200 shares, a safeguard to ensure that no individual can assume control of the club. To run the corporation, a board of directors is elected by the stockholders.