Who is the largest Packers shareholder?

By Jason Bolton November 27, 2023 09:06

The largest shareholder of the Green Bay Packers, the only publicly owned team in the NFL, is not an individual but rather a group of fans who collectively own shares in the team. As of the latest available information in 2014, the Packers ownership group consisted of over 360,000 stockholders. However, it is important to note that the ownership structure of the Packers is unique, and the shareholders do not hold traditional ownership rights or enjoy financial benefits such as dividends or perks. Instead, they have voting rights, are invited to an annual shareholders meeting, and can purchase exclusive merchandise.

The Packers' ownership history dates back to the 1920s when the team was on the verge of bankruptcy. To keep the team afloat, the community was offered the opportunity to purchase shares in the team. Today, more than four million shares are owned by over 100,000 stockholders. These stockholders have limited power and do not have the ability to dictate football decisions. Instead, football-related matters are handled by the General Manager, who enjoys more job security compared to other GMs in the league.

The Packers' unique ownership structure has allowed them to establish a deep connection with their community. Volunteers from the community work concessions during games, and the proceeds go to local charities, further strengthening the bond between the team and the city of Green Bay. The team's financial stability is a result of various factors, including television contracts and public funds for stadiums, which contribute to the overall revenue generated by the NFL.

While the Packers' ownership model is distinctive, it is worth noting that the NFL has a rule that prohibits other teams from adopting a similar non-profit, community-owned structure. This rule ensures that the majority of NFL teams are privately owned by individuals or corporations. The Packers stand as an exception, with their ownership firmly rooted in the community.

In terms of governance, the Packers are overseen by a 45-member board of directors and a seven-member executive committee. Mark Murphy serves as the President and CEO of the team. The team's ownership structure and governance allow for the involvement of the community in important decision-making processes while ensuring the smooth operation of the franchise.

The largest shareholder of the Green Bay Packers is not an individual but rather a group of over 360,000 stockholders who collectively own shares in the team. The Packers' unique ownership structure has allowed them to maintain a deep connection with their community and ensure the team's financial stability. While the shareholders do not enjoy financial benefits, they have voting rights, attend an annual shareholders meeting, and can purchase exclusive merchandise. The team is governed by a 45-member board of directors and a seven-member executive committee, with Mark Murphy serving as the President and CEO. The Packers' ownership model stands as a distinctive and successful example in American professional sports.