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Packers expanding stock sale by 30,000

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Green Bay Packers Stock Share.
Green Bay Packers Stock Share.

GREEN BAY, WI (WTAQ) -  The Green Bay Packers have sold almost a quarter-million shares of stock this month. The NFL team is announcing they will make 30,000 more shares available. Packers’ President Mark Murphy said today that the fans’ support for the sale has been outstanding. About $62-million have been raised from the team’s fifth stock offering in its history – and the proceeds will be used toward a $143-million expansion of Lambeau Field. The team plans to borrow the rest. The highlight of the expansion is an addition of seven-thousand seats in the south end zone. The stock has been on sale for three weeks at $250 a share. The value never goes up, and there are no dividends – but shareholders do get to elect board members at an annual meeting at the stadium 

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