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.

Like Us on Facebook for more stories from UPI.com  
Related UPI Stories
Topics: Mark Murphy
Latest Headlines
Top Stories
FSU dismisses QB after video shows him hitting woman
Tennessee Titans QB Mariota remains unsigned
Chicago Blackhawks trade G Nilsson to Edmonton Oilers for F Coughlin
Crash mars Tour de France 3rd stage
VIDEO: Florida State's Johnson punches woman in face