facebook
twitter
search
search

Packers sell 268k shares of stock

March 2, 2012 at 4:30 PM
1 of 3
| License Photo

GREEN BAY, Wis., March 2 (UPI) -- The Green Bay Packers announced more than 268,000 shares of stock were sold to bring the team an estimated $67 million.

Mark Murphy, president and chief executive officer of the franchise, said the stock sale, which ended Thursday, added more than 250,000 shareholders to the team, which now has a total of about 360,000 shareholders, and raised funds toward the $143 million expansion of Lambeau Field, the Milwaukee Journal Sentinel reported Friday.

Advertisement

Murphy said the high number of people who paid $250 for shares of stock was "humbling and overwhelming."

"It's just unbelievable," he said.

"The stock sale really allowed us to borrow less and gave us much more flexibility," Murphy said.

Related UPI Stories
Topics: Mark Murphy
Latest Headlines
Trending Stories
WATCH: Umpire exits after hit in head with bat
Michael Jordan vetoed a Tracy McGrady for Scottie Pippen trade
WATCH: Irish soccer fans dent car roof, immediately fix it
Paulina Gretzky's dress upstages Dustin Johnson's U.S. Open win
Swedish soccer player removed from game for farting
Videos