Coming Up
  • Thu., Jul. 24, 2014 11:00 AM CDT Shareholders Meeting

    The Green Bay Packers 2014 Annual Meeting of Shareholders will be held Thursday, July 24, at 11 a.m., at Lambeau Field. The meeting will take place rain or shine.

  • Fri., Jul. 25, 2014 6:00 PM CDT Packers 1K Kids Run

    Back to Football also includes the 1K Kids Run, presented by WPS Health Insurance. Kids 10 years old and younger will have the opportunity to run a Lambeau Lap on Friday, July 25, at 6 p.m. Registration for the Kids Run is $10 and all participants will receive a Packers 1K Run t-shirt, a logoed bag and a participant medal.

    http://www.packers.com/5k

  • Fri., Jul. 25, 2014 7:00 PM CDT Movie Night at Lambeau Field

    Movie Night at Lambeau Field will return this year on Friday, July 25, following the 1K Kids Run. The event is free and open to the public, and concessions will be available throughout the movie. More details will be announced at a later date.

    Time listed above is subject to change.

  • Sat., Jul. 26, 2014 6:30 PM CDT Packers 5K Run/Walk

    The fifth annual ‘5K Run/Walk at Lambeau Field,’ is set for Saturday, July 26, at 6:30 p.m.

    The computer-timed run is highlighted by a neighborhood route that ultimately takes participants into Lambeau Field and around the famed gridiron. The event has a special finish line – the Packers’ ‘G’ painted on turf located in the parking lot.

    All participants will receive a Packers 5K Run T-shirt, a logoed bag, and a bib number and timing chip. To celebrate the race’s fifth anniversary, all participants will receive a commemorative medal. In addition, photos will be taken on the course and will be available at no cost on the Packers 5K Run website.

    Packers-themed awards will be presented to the top three finishers in each age group. An awards ceremony will take place following the conclusion of the race.

    Registration, which is $25 for adults and $15 for children (12 and younger), will be available online beginning Friday, May 23, at www.packers.com/5k. Mail-in registration is also an option, with forms available online and in person at Lambeau Field. Runners can also register at the Bellin Run Expo on Friday, June 13, at Astor Park in Green Bay. Early registration is encouraged. After July 13, registration fees will increase to $30 and $20, respectively.

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.

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Stock sale closes; shares top 268,000

Posted Mar 1, 2012

The fifth stock sale in team history closed at midnight Wednesday with the Packers raising almost half of the money needed for the Lambeau Field expansion that’s already underway.

Final sale numbers are not yet available, but more than 268,000 shares were sold at $250 apiece during the 12-week sale, contributing roughly $67 million in revenue toward the $143 million Lambeau project.

“For budgeting purposes, we looked at what we did last time and estimated conservatively at $25 million,” Packers President/CEO Mark Murphy said, referring to the 1997 stock sale’s proceeds. “When you step back from it, it far exceeded our expectations.”

In the first two days of the sale in early December, 185,000 shares were sold, as the convergence of the Christmas season and the team’s undefeated record at the time produced immediate demand. In the final weeks of the sale, regulatory clearance was gained to sell stock in Canada, leading to roughly 2,000 shares purchased across the border.

“It’s a tribute to the organization, the support of our fans, and the uniqueness of the Packers,” Murphy said. “I think that really appeals to people. You can’t say enough about how appreciative we are for the support.”

Wisconsin fans purchased approximately 50 percent of the shares in this sale, by far the most by one state but a lower percentage than in 1997. Illinois and California were next with 8.5 percent apiece, followed by Minnesota and Texas with 5 percent each.

Before considering a stock sale, the Packers had secured all the financing necessary for the Lambeau expansion, which is adding two high-definition video boards and a new north-side entrance tower in 2012, and then 6,700 additional seats and a new entrance gate in the south end zone in 2013. The money from the stock sale reduces considerably the amount the team needs to borrow to finance the Lambeau project.

The sale more than tripled the team’s total number of shareholders. More than 250,000 new shareholders were added to the existing 112,000, bringing the franchise’s total to more than 360,000 shareholders.

That almost certainly will lead to the franchise’s largest shareholders meeting this coming summer, which in the past has been attended by between 10,000 and 20,000 people, some the guests of shareholders.

Murphy said the organization is discussing how to conduct this year’s meeting, given potential logistical issues, depending on how many shareholders desire to attend.

“We’re looking at all the different aspects of it,” he said.

The shareholders meeting, traditionally held in late July, is expected to serve this year as the unveiling of the new video boards inside Lambeau Field.

“I think people are going to be blown away by the new scoreboards,” Murphy said. “They’re going to enhance the gameday experience for all of our fans.”

Murphy added that the long-term impact of this stock sale will be significant, as well.

“Our fans are much more loyal and have a stronger bond with the organization because of our ownership structure,” he said. “To triple the number of shareholders, giving that many more fans a tie to the Packers, it really bodes well for the future in terms of the support we’re going to have in the years ahead.”

For more from Murphy on the stock sale closing, check out the packers.com blog.

 
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