NFL team Green Bay Packers is based in Green Bay, Wisconsin.
The team is owned by a nonprofit corporation Green Bay Packers, Inc. Here's what you need to know.
Who owns the Green Bay Packers?
The Green Bay Packers are the only community-owned team in the major league in the US.
Instead of having one owner or a small group of owners, they are owned by thousands of fans - 360,584 stockholders to be exact.
None of the stockholders is allowed to hold more than 200,000 shares, approximately 4 per cent of the total 5,011,557 shares.
The team has been a publicly owned, non-profit, since August 18, 1923.
In 2021 shares were sold at $300 each.
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While the NFL does not allow corporate ownership of clubs, the Packers are granted an exemption as they have been a publicly owned corporation since before the rule was introduced.
It all started in 1923, four years after the team was founded when it was on the verge of declaring bankruptcy.
The Packers sold shares to the community to keep the team afloat and it has been operating in that way ever since.
However, stockholders cannot make any profit off their stocks as they do not have an equity interest or pay dividends and they cannot be traded or sold.
Who is the Green Bay Packers' biggest shareholder?
No one is allowed to hold more than 200,000 shares.
However, Michael Gage, the Green Bay Press-Gazette publisher was said to be the largest stockholder at the time of his death, back in 2013, Fox Sports reported.
Who is the Green Bay Packers' president?
Green Bay Packers shareholders vote to elect the team's board of directors and a seven-member executive committee.
Currently, the elected president is Mark H Murphy, who represents the team at NFL owners meetings and other events.
He is the only one who receives compensation.
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