Packers Ownership Model

On that evidence the single owner model is inferior. 29 2012 was a tremendous success with more than 250000 new shareholders becoming owners. The green bay packers are a professional american football team based in green bay wisconsinthe packers compete in the national football league nfl as a member club of the national football conference nfc north divisionit is the third oldest franchise in the nfl dating back to 1919 and is the only non profit community owned major league professional sports team based in the united.
packers ownership model

Posted by mike florio.

Packers ownership model. For the first time in a packers stock offering. As a lions fan im well acquainted with the flaws of. No one is allowed to hold more than 200000 shares which represents approximately four percent of the 5011558 shares currently outstanding. The organizations fifth stock offering which ended feb.

Green bay packers ownership at a glance. Recently there was a change in the securities law that. It makes them an example according to espns patrick hruby. The packers are also a rarity as securities laws were changed over the years to make public ownership of entities like sports teams illegal.

The unique ownership model embraced by green bay harkens back to the early days of football in the united states when the sport was still an amateur pastime. Packers ownership structure works well until it doesnt. The majority owners are the teams 360584 stockholders led by a seven member executive committee that is headed by team president mark murphy. Green bay packers inc has been a publicly owned nonprofit corporation since aug.

The packers are the only publicly owned franchise in the nfl. Collective ownership of the means of production the publication notes that the packers organization still functions within capitalism. As time passed and the gradual professionalization of football occurred what were previously community teams either folded or moved to larger cities as owners sought to increase profits. Rather than being the property of an individual partnership or corporate entity they are held as of 2016 by 360760 stockholders.

One of the more remarkable business stories in american history the green bay packers organization has been kept viable by its shareholders its unselfish fans. The green bay packers are a publicly owned non profit with a unique stock ownership structure. What a refreshing approach. 18 1923 when original articles of incorporation were filed with wisconsins secretary of state.

The conversation reports that even though most americans hate the concept of communism you could argue that the principle virtue of the green bay packers is based on a communist idea. Green bays bylaws state that the packers are a community project intended to promote community welfare.