And as The Conversation notes, it will definitely stay that way. The Green Bay Packers is the only fan-owned, nonprofit team in the NFL. You won’t see them happening anytime soon. After all, the publication characterizes public ownership as “common” among “European football clubs like fan-owned FC Barcelona and Real Madrid.” But don’t hold your breath for more stock sales.
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Sports Illustrated reports that at least some people wish that fans could take advantage of more public-ownership opportunities in the NFL. The NFL won’t let any other team follow the Green Bay Packers As it turns out, purchasing shares of an NFL team can come with some interesting ethical dilemmas. For those writers, owning a piece of the Green Bay Packers would constitute a conflict of interest. But the rule can affect journalists, for instance, who have to criticize NFL figures on occasion as part of their jobs. The league doesn’t monitor message boards or comments sections for negative messages. But they apply just as much to all of the shareholders who own a piece of the Green Bay Packers. The NFL’s rules on ownership are drafted and aimed “at the typical multimillionaire owner,” Deadspin explains. “You don’t get to criticize the Packers, or other teams, or any NFL employee,” the publication explains. What rules of ownership do shareholders have to follow? Aaron Rodgers | Rob Carr/Getty Imagesĭeadspin reports that when fans purchase shares of the Green Bay Packers, they suddenly have to follow some surprising rule - at least technically.
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(The Conversation characterizes Green Bay as “the smallest market of all major American professional sports leagues.”) That’s a very big deal to many fans. Profits go instead to Green Bay Packers, Inc.” Fans also gain the assurance that their team won’t leave Green Bay. The Conversation explains, “Although fans earn nothing financially by owning stock, this unique arrangement does ensure that profits don’t go into the pocket of one or a handful of owners. As Sports Illustrated notes, Packers shareholders can also “vote to elect Green Bay’s board of directors and a seven-member executive committee that represents the team at league meetings.” However, shareholders “have no real say in team decisions, football or otherwise.”īut we can think of a couple of other benefits, too. And buying one gave a shareholder a souvenir certificate, the option to purchase shareholders-only merchandise, and an invitation to the annual shareholders meeting at Lambeau Field during training camp. But a single share cost $250 in the last offering. The team isn’t currently offering stock for sale. What do shareholders in the Green Bay Packers get?
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Deadspin referred to owning stock as a “ feel-good scam.” Plus, Deadspin notes that if the team ever gets sold, shareholders “will not receive a slice of the purchasing price, or even get their initial investments back.” But as fans will tell you, that’s not the whole story. Sports Illustrated notes, “No lucky Green Bay fan will get rich off the team’s next Super Bowl win because the stock pays no dividends and isn’t tradeable or saleable.” The Wall Street Journal called it the worst stock in America. The Conversation reports that owning stock in the Green Bay Packers isn’t like holding stock in a regular company. (Those sales happened in 1923, 1935, 1950, 1997, and 2011.) And as the website notes, “Today, 361,169 people (representing 5,009,562 shares) are owners of the iconic franchise.” 18, 1923, when original articles of incorporation were filed with Wisconsin’s secretary of state.” Fans have supported the team by buying shares during five stock sales. Who owns the Green Bay Packers? The fans Morgan Burnett | Gregory Shamus/Getty ImagesĪs the Packers website explains, “Green Bay Packers Inc., has been a publicly owned, nonprofit corporation since Aug. Instead, the team is owned by hundreds of thousands of fans, who all bought a piece of the Green Bay Packers in a public stock sale. Want all the details on who owns the Green Bay Packers and how public ownership works? Here’s what you need to know. The team doesn’t technically have a single owner, or a handful of partners, like every other NFL team.
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The Green Bay Packers is unique in the NFL for one fascinating reason.