The Green Bay Packers sold more than $ 41 million in stock in just over a week in their sixth stock offering in franchise history.
The team said on Wednesday it had sold more than 138,000 shares, at $ 300 a share. The only community-owned club in the NFL last offered stock 10 years ago.
More than half of the 300,000 actions offered remain available. The sale of shares is expected to run until February 25, unless all available shares are sold before that, WLUK-TV reported.
Packers executives say they will use the money to fund upgrades to Lambeau Field, including new video cards.
The team has no obligation to repay the amount a buyer pays to buy shares. The Packers say anyone considering buying stock in the team shouldn’t make the purchase in the interest of making a profit or receiving a dividend or tax deduction.