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.

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
Electronics certification company makes hoverboard burst into flames
Eli Manning explains pout after Denver Broncos' Super Bowl score
Duke's Grayson Allen trips Louisville player
Nicola Griffin to appear in Sports Illustrated swimsuit issue at 56
Larry Sanders considering NBA comeback