Via the team. the NFL has approved a potential Packers stock sale. The money raised would help pay off $250 million in improvements to Lambeau Field. The team says it is not seeking any taxpayer money for the new projects.
The Packers organization is planning to install new video boards and make more upgrades to Lambeau in the future.
Packers are moving toward another stock sale https://t.co/SSm9XAXsEn
— Aaron Nagler (@AaronNagler) October 27, 2021
The Packers have had five stock sales in their history. They took place in 1923, 1935, 1950, 1997 and 2011.
The 2011 sale, with shares priced at $250, added more than 250,000 new shareholders and raised $67.4 million toward a new entrance tower and viewing platform in the north end zone and an expansion that added roughly 6,600 seats to the south end zone.
That project was completed in 2013.
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.