Packers A.J. Dillon Calls Himself ‘Self Employed’ Following Stock Purchase
Something tells me the Internal Revenue Service might not agree. As the Green Bay Packers are in the midst of a stock-selling blitz, one of their players has now declared himself 'self employed'.
Packer running back A.J. Dillon took to social media to share the news of his new employment status on Tuesday, November 16 - the first day of the sale.
Sources show that Jones was eventually successful and was able to but his own share of Packer stock - but much later in the day.
As the only team in the NFL that is publicly-owned (i.e. not by a single person or ownership consortium (group)), the Packers currently answer to around 360,000 shareholders. In this current sale, the team hopes to move around 300,000 shares - at $300.00 a piece. And, there is a limit as to how many shares a single stockholder can claim; that cap is "limit[ed to] 200 shares per person, including any shares that were bought in previous stock sales in 1997-1998 and 2011-2012".
Speaking of those previous stock sales, this particular event is only the sixth in team history:
"[T]ypically [the stock sales have] been used in the past to fund improvements at Lambeau Field or pay for other expenses. The stock does not provide dividends like typical forms of stock and should not be treated as a traditional investment".
Those prior stock sales were held in 1923, 1935, 1950, 1997, and 2011.
If you want in on this current round of stock availability, you'll want to do it sooner than later. The available allotments of stock traditionally have sold out fast in the past. This round opened on November 16 and will only remain open through February 25, 2022.