 | |
| Predecessor | Green Bay Football Corporation (1923 – 1935) |
|---|---|
| Formation | August 18, 1923 |
| Founder | Andrew B. Turnbull |
| Legal status | Publicly held nonprofit corporation |
| Headquarters | Lambeau Field |
| Location |
|
President and CEO | Mark Murphy |
| Affiliations | Green Bay Packers Foundation |
Revenue (2022) | $610 million |
| Website | Packers.com |
Green Bay Packers, Inc. is the publicly held nonprofit corporation that owns the National Football League (NFL)'s Green Bay Packers football franchise, based in Green Bay, Wisconsin. The corporation was established in 1923 as the Green Bay Football Corporation, and received its current legal name in 1935.
The Packers are the only NFL club that is a publicly owned corporation, the only major professional sports franchise in the United States that is a nonprofit entity, and one of only a few such teams that are not privately held.[a][1] Rather than being the property of an individual, partnership, or corporate entity, they are held as of 2022 by 537,460 stockholders.[2] No one is allowed to hold more than 200,000 shares,[3] which represents approximately four percent of the 5,011,558 shares currently outstanding.[4] It is this broad-based community support and non-profit structure[5] which has kept the team in Green Bay for over a century in spite of being the smallest market in all of North American major professional sports.[b]
Green Bay is the only team with this public form of ownership structure in the NFL, grandfathered when the NFL's current ownership policy stipulating a maximum of 32 owners per team, with one holding a minimum 30% stake, was established in the 1980s.[6] As a publicly held nonprofit, the Packers are also the only North American major league sports franchise to release its financial balance sheet every year.[b]
Cite error: There are <ref group=lower-alpha> tags or {{efn}} templates on this page, but the references will not show without a {{reflist|group=lower-alpha}} template or {{notelist}} template (see the help page).
- ^ "Executive Committee And Board of Directors". Packers.com. Green Bay Packers, Inc. Retrieved November 10, 2021.
- ^ Shareholders Retrieved June 8, 2022
- ^ Saunders, Laura (January 13, 2012). "Are the Green Bay Packers the Worst Stock in America?". The Wall Street Journal.
- ^ Kaplan, Daniel (October 26, 2009). "NFL pares ownership rule". SportsBusiness Daily. Archived from the original on August 13, 2011. Retrieved February 7, 2011.