- Associated Press - Tuesday, December 6, 2011

MADISON, WIS. (AP) - Green Bay Packers President Mark Murphy says the team sold more than a thousand shares in the opening moments of its stock sale.

Murphy said in a teleconference with reporters the team sold 1,600 shares online in the first 11 minutes of the sale Tuesday morning.

The sale marks the fifth time in the Packers‘ 92-year-history the publicly owned team has sold stock. The team has put 250,000 shares up at $250 each plus a $25 handling charge per order.

Murphy says the team hopes to generate at least $22 million to help defray the cost of a $143 million renovation project at Lambeau (LAM’-boh) Field.

The stock has no financial value and can’t be resold. The stockholder can vote on team business and attend annual meetings, though.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide