Packers rake in cash on stock saleGreen 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.
GREEN BAY, Wis. (AP) — 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 NFL’s only publicly owned team is 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 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, tour the Packers Hall of Fame and stick around for training camp.
The stock sale is the fifth in the team’s history.