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Green Bay Packers Announce Staggering Numbers From Fan Shares

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National Football League (NFL) side the Green Bay Packers have revealed they have sold over 198,000 shares at $USD3000 each, totalling at $USD68.5 million.

The project, which was announced in November 2021 was aimed at raising over $USD90 million.

With the money the Packers were looking to add state-of-the-art upgrades to their iconic home ground, Lambeau Field.

Green Bay Packers president, Mark Murphy said: “We were very pleased with the enthusiastic response from our fans during the recent stock offering,”

“We are proud to welcome a new generation of shareholders from across the country and Canada. Their support is a critical component of our ability to continue enhancing the fan experience and investing in Lambeau Field.”

“Maintaining our stadium as a top-tier facility that serves as a year-round destination contributes to the sustained success of both the franchise and our community,” he said.

Being the only NFL side that publicly shares their financial records with the fans, the latest revenue report showed the Packers recorded $USD371.1 million.

With an ownership structure like no other in the NFL, the Packers have been given the green light from the league’s front-offices to go to the fans for additional funds, as opposed to being supported by a sole owner.

The Packers had previously opened stocks to fans on five previous occasions since 1923, the last offering in 2011 saw the team raise over $USD67.4 million.

With reigning NFL MVP and franchise star Aaron Rodgers announcing his return to Green Bay, the Wisconsin based side look set for a massive 2022, on and off the field.

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