Packers stock sale adds 250,000+ shareholders, raises $67 million
GREEN BAY, Wis. (AP) -- The Green Bay Packers say they sold more than 268,000 shares of stock in their most recent stock offering, raising $67 million dollars to help fund stadium improvements.
Green Bay just wrapped up the fifth stock sale in team history. The team said Thursday it added more than 250,000 new shareholders.
About half of the sales were in Wisconsin. Illinois and California tied for second, each accounting for about 8.5 percent of sales. Minnesota and Texas were next with 5 percent each.
Each share cost $250, plus handling fees of $25 in the U.S. and $35 in Canada. The shares are essentially worthless, but holders can call themselves team owners and attend the annual stockholder meeting.
The offering began Dec. 6. Most of the sales came in the first 48 hours.