ESPN Wisconsin

Packers sell 268,000 shares, raise $67 million

Mar 01, 2012 -- 9:45am

GREEN BAY – As if there wasn’t ample evidence of how passionate Green Bay Packers fans are about their favorite football team, the club announced Thursday that its stock sale resulted in more than 268,000 shares being sold, netting the team more than $67 million.

It marked the fifth time publicly-owned the team sold stock and was the most lucrative of those offerings.

The stock sale ended Wednesday. Exact totals are not yet available, but the club confirmed that more than 268,000 shares were sold during the offering, which began Dec. 6, 2011. Including previous offerings, the organization now has more than 360,000 shareholders.

“The response to the offering by our fans was overwhelming,” Packers President/CEO Mark Murphy said in a statement released by the club. He will speak with reporters at 10 a.m. Thursday. “We enthusiastically welcome our new shareholders from across the country and Canada, as well. We thank them for their support of the stadium expansion that will help us achieve success in the long term, and provide an enhanced gameday experience that will continue to thrill our guests.”

Proceeds from the offering will go toward the expansion of Lambeau Field, a $143 million project that includes 6,700 new seats, new video boards and two new gates, and will be completed for the 2013 season.

An initial look at the new shareholders shows that Wisconsin fans purchased approximately 50 percent of the shares in the recently completed offering. Next in order were Illinois (8.5 percent), California (8.5 percent), Minnesota (5 percent) and Texas (5 percent). In Canada, Packers fans responded by purchasing approximately 2,000 shares.

Return to: Jason Wilde Blog