Do the Green Bay Packers have shareholders?
The Packers have been a publicly owned, non-profit corporation since August 18, 1923. The corporation currently has approximately 361,300 stockholders, who collectively own 5,011,558 shares of stock following the fifth stock sale in 2011. There have been six stock sales, in 1923, 1935, 1950, 1997, 2011, and 2021.
2021 Green Bay Packers Stock Sale 16. Including previous offerings, the organization now has more than 537,000 shareholders. Approximately $65.8 million was raised during the offering, with net proceeds going toward ongoing construction projects at Lambeau Field, including new video boards and concourse upgrades.
Shareholders receive nothing more than voting rights, an invitation to the corporation’s annual meeting, and an opportunity to purchase exclusive shareholder-only merchandise, such as a T-shirt that says you’re a Green Bay Packers owner.
The Packers play in the smallest city in the National Football League and have no billionaire owner. The team is a publicly owned, nonprofit corporation, but publicly owned does not mean publicly traded, and nonprofit corporation does not mean no profit.
Why does Green Bay not have an owner?
The 1960 constitution of the NFL has a “Green Bay Rule.” That rule states that “charitable organizations and/or corporations not organized for profit and not now a member of the league may not hold membership in the National Football League.” In other words, the Green Bay Packers is grandfathered in as the only …
As of today and for the low price of $250 per share, you can officially purchase part ownership in the Green Bay Packers. Just so you’re prepared, there will be a handling fee. (Someone has to pay for the certificate their going to send you.)
The stock is valueless in monetary terms because it pays no dividends, and, in the remote chance that the board and shareholders would vote to sell or dissolve at some distant date, no cash would go to shareholders. All the capital gains would go to the Packers charitable foundation.
What does it mean to own Packers stock?
The Packers have essentially been able to sell their brand, and the desire to be a part of it, for ridiculous amount of money. You ARE technically now an owner if you bought the stock. You DO have certain (minor) voting rights. And there IS an undeniable “coolness” factor about the whole thing.
Can you sell your Packers stock?
“You can’t sell your shares, they pay no dividends and they only can be transferred to immediate family,” he said.
Where do the Packers profits go?
The profits are distributed to all the community “owners” in the form of giant cheeseheads. Most of the money the Packers generate is spent on football operations.
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