Packers Make 30,000 More Shares Of Stock Available
GREEN BAY, Wis. (AP) — The Green Bay Packers have sold nearly 250,000 shares of stock in the team and will offer 30,000 more shares.
Packers President and CEO Mark Murphy says support for the sale has been “outstanding.” The NFL’s only publicly owned team is selling shares for $250 each, with a $25 handling fee, which means the team has raised about $62 million. Proceeds will go toward a $143 million expansion of Lambeau Field.
The team put the shares on sale on Dec. 6 at packers.com. Buyers can call themselves NFL owners, though the stock value will not go up and there are no dividends.
Stockholders do get voting rights. And they can attend annual meetings, where they can meet Packers executives and tour the Packers Hall of Fame.
(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)