Moment 3 Survival Stock

1950 Stock certificate
Photo credit: Matt Becker
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April 11, 1950

With a goal of $200,000, the Packers’ third public stock drive is launched. It raises just over half that, with 4,165 ½ shares sold at $25 apiece.

The franchise was on the verge of falling more than $100,000 into debt. An insurance payout after the Rockwood Lodge training facility burned down also helped keep the Packers afloat, and the team actually turned a net profit of nearly $13,000 in 1950.

As if that weren’t turbulent enough, two months before the stock sale began, Curly Lambeau had resigned to become coach of the Chicago Cardinals, ending a period of acrimony and discontent between Lambeau and the team’s board of directors.