Packers Sell An Estimated 268,000 Shares Of Stock, Earn $67 Million
The Green Bay Packers have closed their fifth stock sale in team history Wednesday. According to the team’s website, they sold more than 268,000 shares, and made more than $67 million.
“It’s a tribute to the organization, the support of our fans, and the uniqueness of the Packers,” team president Mark Murphy said. “I think that really appeals to people. You can’t say enough about how appreciative we are for the support.”
Shares of the Packers purchased by fans are non-transferable, meaning that even though the shares will cost fans $250 each, there will be no way buyers can profit from them. Prior to the sale there were 112,158 shareholders who owned 4.8 million shares of the stock. The Packers reportedly will use the funds raised by the sale to pump over $130 million in improvements to Lambeau Field.