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More from Murphy on stock sale closing

Posted by Mike Spofford on March 1, 2012 – 10:44 am

Here are some additional tidbits from Packers President/CEO Mark Murphy on the close of the stock sale:

–Online access key: The Packers sold more than 268,000 shares this time compared to around 120,000 in the 1997 stock sale, and Murphy said the key was the ability to sell online this time. He said more than 90 percent of the sales were made online. “That was obviously crucial to us,” he said.

–Shareholder meeting: In past years, the Packers have allowed shareholders attending the annual meeting in late July to bring as many as four guests. As the organization looks at the logistics for this year’s meeting, Murphy said that guest number will have to be reduced because the total number of shareholders has now more than tripled. “Hopefully we can structure it in a way that we’ll know well beforehand, or have a good idea what the attendance will be,” he said.

–Added noise: The addition of 6,700 outdoor seats as part of the south end zone expansion will increase the stadium’s outdoor seating by more than 10 percent, thereby considerably increasing the noise generated by the crowd. Lambeau Field has a current capacity of just over 73,000, with roughly 60,000 outdoor seats. “I think it’s going to increase the home-field advantage,” Murphy said. “We’re designing this so we’re going to keep the sound in the bowl, so it should make the stadium considerably louder, especially when the opposing team is driving down into the south end zone.”

For the original story on the closing of the stock sale, click here.


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