Wall Street Plays Ball: Sports Leagues in Demand for Investors

One hundred years ago, in August 1923, the Green Bay Packers football club was formed in a public stock sale. The Packers sold 1,000 shares at $5 apiece, raising $5,000 (about $90,000 today, adjusted for inflation). The team has held five stock sales since then, in 1935, 1950, 1997, 2011 and 2021, but despite raising …