At Extreme Investor Network, we pride ourselves on bringing you the latest and most intriguing business news. Today, we’re diving into the fascinating ownership structure of the Green Bay Packers, the only National Football League team that resembles a publicly traded company.
With a value of $6.3 billion, the Green Bay Packers have a unique ownership model where the franchise is completely owned by stockholders, many of whom are die-hard Packers fans. This structure was established over 100 years ago and has seen six stock offerings, resulting in over 5.2 million outstanding shares held by more than 538,000 individuals.
What sets the Packers apart is that their shares pay no dividends, are nontransferable, and do not have any intrinsic market value. Shareholders do not benefit financially from ownership, and the only way to receive any money is by selling their stake back to the team for a percentage of the original share price.
Despite their impressive $638 million in revenue for 2023 and $128 million in earnings before interest, taxes, depreciation, and amortization, the Packers operate as a nonprofit. Their revenue is dedicated to player salaries, maintaining Lambeau Field, marketing, and other expenses. The unique ownership structure has allowed the team to navigate through financial challenges and fund major renovations of their stadium.
It’s important to note that the Packers’ ownership model makes them less attractive to private equity investors, as there is a 200,000 share per person ownership cap and limited opportunities for generating returns. This distinctive structure puts the Packers in a league of their own in the NFL.
At Extreme Investor Network, we find the Packers’ story captivating because it highlights the team’s resilience and the unwavering support of their dedicated fan base. Stay tuned for more exclusive insights and compelling business news that you won’t find anywhere else.