SBD/18/Franchises

PACKERS RAISE $24M FROM STOCK SALE, FALL SHORT OF $80M GOAL

          The Packers announced yesterday that they raised more
     than $24M from the sale of roughly 120,000 shares of stock
     during a 17-week window, "a considerably smaller haul than
     was originally forecast," according to Tom Silverstein of
     the MILWAUKEE JOURNAL SENTINEL.  The $24M in new revenue
     "doubles the team's coffers" and means the Packers "have
     probably enough money in their savings to keep them afloat
     for at least a quarter century."  However, early estimates
     were that the team could generate $80M from the stock split,
     which the club said was the "high end" of the estimate. 
     Packers President Bob Harlan said that the team "would still
     be able to" renovate Lambeau Field, expand its football
     offices and workout facilities and contribute to a new
     stadium fund, "but the contribution to the stadium fund
     won't be as great" (MILWAUKEE JOURNAL SENTINEL, 3/18).      

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