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Packers sell 268k shares of stock

March 2, 2012 at 4:30 PM
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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.

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