On Now
Coming Up
  • Tue., May. 26, 2015 7:00 AM - 7:00 PM CDT Green Bay Packers Blood Drive

    Green Bay Packers Blood Drive

    Sponsor code – Packers

  • Wed., May. 27, 2015 8:00 AM CDT Mentor-Protégé Program Training Camp The Green Bay Packers Mentor-Protégé Program will hold its next training camp session on Wednesday, May 27, at 8 a.m. at the Legends Club in the Lambeau Field Atrium.
  • Thu., May. 28, 2015 11:30 AM - 1:30 PM CDT Organized Team Activities (OTAs) Three of the Packers’ upcoming OTA practices will be open to the public at Clarke Hinkle Field.

    The three open practices, weather permitting, will take place on May 28, June 2 and June 10. All practices are scheduled to begin at 11:30 a.m.

  • Thu., May. 28, 2015 1:35 PM - 2:05 PM CDT Live Mike McCarthy press conf.

    Head Coach Mike McCarthy available in Media Auditorium

  • Sun., May. 31, 2015 8:30 AM - 4:30 PM CDT Packers Coaching School

    The Green Bay Packers are set to host the team’s second annual “Green Bay Packers Coaching School” at Lambeau Field on Sunday, May 31, from 8:30 a.m. to 4:30 p.m.

    The complimentary coaching school has a curriculum exclusively designed for youth football coaches, and can accommodate a maximum of 300 coaches. The event will feature innovative classroom sessions in the Lambeau Field Atrium, as well as on-field football instruction from top local high school and youth football coaches in the Don Hutson Center.

  • Tue., Jun. 02, 2015 11:30 AM - 1:30 PM CDT Organized Team Activities (OTAs) Three of the Packers’ upcoming OTA practices will be open to the public at Clarke Hinkle Field.

    The three open practices, weather permitting, will take place on May 28, June 2 and June 10. All practices are scheduled to begin at 11:30 a.m.

News

Mike Spofford

Mike Spofford has worked as a sportswriter in Wisconsin since 1995 and has been a packers.com staff writer since 2006. He has covered the Packers' last two Super Bowl appearances, XXXII and XLV.

Print
RSS

NFL approves potential stock sale

Posted Oct 11, 2011

Regulatory steps remain


The Packers have received the NFL’s approval for a potential stock sale to help fund the planned improvements at Lambeau Field. There remain regulatory hurdles to any offering.

Packers President/CEO Mark Murphy and Vice President of Administration Jason Wied made a presentation to the league’s owners on Tuesday at a meeting in Houston, outlining the stadium projects, which include a new entrance tower and viewing platform in the north end zone and an expansion that would add roughly 6,600 seats to the south end zone.

NFL Commissioner Roger Goodell has determined that a stock sale would meet the appropriate conditions established in 1997 for such a sale to raise funds for stadium renovation. The team’s last stock sale was in 1997.

“We appreciate the opportunity to present our plans to the NFL and the owners today, and the Packers appreciate the NFL’s support of our potential stock sale,” Murphy said. “Proceeding with a stock sale would also involve regulatory steps and other actions, which we are exploring. We intend to keep our fans informed of further developments to the greatest extent possible.”

The Packers have had four stock sales in their history. They took place in 1923, 1935, 1950 and 1997. The 1997 sale, with shares priced at $200, added 105,989 new shareholders and raised more than $24 million, which was used for the Lambeau Field redevelopment project completed in 2003.

The planned stadium improvements in the north and south end zones will cost approximately $130 million. The Packers are not seeking any public tax dollars for the projects.

Stock in the Packers does not constitute an investment in “stock” in the common sense of the term. The Packers will have no obligation to repay the amount a buyer pays to purchase Packers stock. Anyone considering the purchase of Packers stock should not purchase the stock to make a profit or to receive a tax deduction or any other economic benefits. Any offering of Packers stock will only be made through an offering document. Offerees and purchasers of Packers stock will not receive the protection of securities laws with respect to any offering or sale of Packers stock. The Packers bylaws and NFL rules severely restrict transfers of Packers stock.

For more shareholders information, click here.

For more on the planned improvements to Lambeau Field, click here.

 
blog comments powered by Disqus