Saturday, February 28th, 2015

Green Bay Packers upgraded $67 million

Friday, March 2nd, 2012 at 11:55 am , filed under NFL News by

PrintPrint Email this! E-mail   share Comments 0 Comments Views 2,778 views

  Digg Button

Ads

Green Bay Packers have sold out shares of stock for $250 apiece and raised $67 million the past six weeks to upgrade Lambeau Field.

The NFL’s only public owned team Green Bay Packers has increased more than 250,000 new shareholders, during their six week presenting and raising its total to 360,000 part-owners of the team. Packers have sold out more than 268,000 shares and invoked $67 million dollars to assist fund stadium improvements for the team. Packers CEO and the team’s president Mark Murphy said he is thankful with the way of fans responding on shares and never amazed by the passion and reliability of their fans.

Green Bay Packers has begun the selling shares on 6th December, which the allocation increased quickly with 185,000 shares alone sold out within the first 48 hours. The Shares went on costing $250 each plus handling fee of $25 in the United States and $35 in Canada. Packers is going to enforce the $67 million in proceeds toward a $143 million development of Lambeau Field, which will add 6,700 additional seats, new high-definition video screens and a new entrance by end of the 2013 season.

Murphy said team has bought the shares online straight away, after Green Bay Packers beating Oakland Raiders with a 46-16 on 11th December and improve their head-to-head record to 13-0.

Post to Twitter Tweet This Post

Tags: , ,

You may also like

Trent Richardson to miss on-field drills
Cam Newton not selected for Pro Bowl
Texans QB Schaub claims his foot injury 'not looking good’
Del Rio accepts blame for Jaguars loss
Plaxico Burress to meet Giants coach Tom Coughlin

Latest Headlines

NFL Draft

"Scott Chandler"

TE Scott Chandler re-signs with Bills

The Buffalo Bills have successfully retained another key member ... [+]
"Robert Mathis"

Robert Mathis Remains A Colt With New Deal

Pro Bowl defensive end Robert Mathis agreed to a ... [+]
Your Ad Here

Subscribe

email button  rss button contact editors twitter button  facebook button

NFL News

"Peyton Manning"

Peyton Manning to decide his new team in a week

Peyton Manning’s camp is all set to make a decision within the next week on where he will play next season. ... [+]
"Vincent Jackson San Diego Chargers"

Vincent Jackson not given a franchise tag

The San Diego Chargers passed their deadline this Monday and chose not to name Vincent Jackson as a franchise player for ... [+]
"Randy Moss New Orleans Saints"

Randy Moss impresses New Orleans Saints

The New Orleans Saints held a workout with Veteran wide receiver Randy Moss on Tuesday, his first since saying he was ... [+]