Found March 01, 2012 on
Fox Sports Wisconsin:
The Green Bay Packers reminded the rest of the NFL of what makes them so unique Thursday morning when they revealed the final tally on their fifth public stock offering.The stock sale, which gave fans a chance to purchase a share of the franchise for 250, ended Wednesday, and the team says 268,000 certificates were sold since the initiative began Dec. 6. Including the teams previous four offerings, the Packers now have more than 360,000 shareholders.The latest sale generated a whopping 67 million that will go toward the expansion of Lambeau Field. Roughly 6,700 seats, new video boards and two new gates are scheduled to be ready for the 2013 season."The response to the offering by our fans was overwhelming," Packers president Mark Murphy said in a statement. "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."The team also revealed Thursday that Wisconsin fans bought roughly 50 percent of the shares in the most recent offering. Residents of Illinois (8.5 percent), California (8.5 percent), Minnesota (5 percent) and Texas (5 percent) were next in line. Canadian Packers fans purchased more than 2,000 shares since the team gave them the green light to purchase certificates in the final 10 days of the offering.
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The numbers have been crunched, the proceeds have been tallied and the final amount is in: according to an AP report, the Green Bay Packers netted a windfall of $67 million courtesy of the team’s most recent stock sale that saw over 268,000 meaningless, worthless pieces of paper masquerading as shares in the team sold. [...]
MILWAUKEE (AP) The Green Bay Packers say they sold more than 268,000 shares in their most recent stock offering, raising $67 million dollars to help fund stadium improvements.
The Green Bay Packers announced Thursday that they sold more than 268,000 shares in their most recent stock offering, raising $67 million dollars to help fund stadium improvements.
MILWAUKEE (AP) -- The Green Bay Packers sold more than 268,000 shares in their most recent stock offering, raising $67 million dollars to help fund stadium improvements, the team said Thursday.
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