GREEN BAY (WKOW) -- Green Bay Packers President and CEO Mark Murphy says the team sold about 185,000 shares in the first two days of its latest stock offering.
The Packers are the NFL's only publicly owned team, and are selling shares for $250 each, with a $25 handling fee. That's about $43 million raised as of Thursday morning, which will go toward a $143 million expansion of Lambeau Field.
The team put 250,000 shares on sale Tuesday at www.packersowner.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.
This is the team's fifth stock sale.
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GREEN BAY (WKOW) -- The Green Bay Packers sold more than a thousand shares in the opening moments of its stock sale.
The team sold 1,600 shares online in the first 11 minutes of the sale Tuesday morning.
The sale marks the fifth time in the publicly owned team's history that they've sold shares. The team has put 250,000 shares up at $250 each plus a $25 handling charge per order.
The stock will be available starting 8 a.m. Tuesday at www.packersowner.com. Buyers will be able to 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, tour the Packers Hall of Fame and stick around for the kickoff of training camp.
The money raised will help pay for the upcoming 7,000 seat expansion project at Lambeau Field.
