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SBD/December 7, 2011/Franchises
Packers Stock Sells Fast In Team's Effort To Raise Funds For Lambeau Field Projects
Published December 7, 2011
PERFECT SEASON JUST A COINCIDENCE: Murphy said the Packers' current undefeated record had nothing to do with the stock sale, as it has been "something we’ve looked at and studied for awhile." Murphy: "It really is around our plans to expand Lambeau Field. ... The stock sale was one of the ways we looked at as a way to fund it. We thought about seeking public money, but decided against it just with the economy in Wisconsin and the political situation within the state we didn't think it made sense to try to seek public money for this project” ("Power & Money," Fox Business, 12/6). While this is the team's fifth stock sale, Murphy noted it is the "first where we've had the opportunity to sell online, so we weren't really sure how that would affect things." Murphy: "We tried to be fairly conservative with our estimate and what we budgeted. But I do think being able to sell stocks through the Internet online really opens up a much more national market than we've had in the past” (“Fast Money,” CNBC, 12/6).
MAKING THE ROUNDS: In Milwaukee, Don Walker notes in addition to the appearance on Fox Busines and CNBC, Murphy yesterday was on ESPN Radio's "Mike & Mike in the Morning" and syndicated radio show "The Jim Rome Show." He also appeared “on local television stations in the Green Bay area, held a news conference once the sale commenced and also did a teleconference call with national writers.” The Packers “even sent out an email blast to fans who had signed up to get Packers news and special offers” (MILWAUKEE JOURNAL SENTINEL, 12/7). The Packers are running a half-page ad in today’s USA TODAY touting the team’s stock sale (THE DAILY).