#Green bay packers professional#

A total of $5,000 was raised through the sale of 1,000 shares at $5 apiece. 1923: Shares of stock were first sold to establish the club as a corporation.There have been six stock issues over the history of the Packers organization: Stock sales Ī 1923 Green Bay Packers stock certificate, as displayed at the Green Bay Packers Hall of Fame While new shares can be given as gifts, transfers are technically allowed only between immediate family members once ownership has been established. Shares cannot be resold, except back to the team for a fraction of the original price. Shareholders receive nothing more than voting rights, an invitation to the corporation's annual meeting, and an opportunity to purchase exclusive shareholder-only merchandise. It also confers no season-ticket purchasing privileges. It does not include an equity interest, does not pay dividends, cannot be traded, and has no protection under securities law. Shareholder rights Įven though it is referred to as 'common stock' in corporate offering documents, a share of Packers stock does not share the same rights traditionally associated with common or preferred stock. Īt the time of his death, Green Bay Press-Gazette publisher Michael Gage was said to be the largest shareholder of the team. The balance of the committee sits gratis. The president is the only officer who receives compensation.

Murphy, represents the corporation at NFL owners meetings and other league functions. The committee directs corporate management, approves major capital expenditures, establishes board policy, and monitors performance of management in conducting the business and affairs of the corporation. The corporation is governed by a seven-member executive committee, elected from among the board of directors. The Packers are granted an exemption to this rule, as they have been a publicly owned corporation since before the rule was in place.

The NFL does not allow corporate ownership of clubs, requiring every club to be wholly owned by either a single owner or a small group of owners, one of whom must hold a one-third stake in the team. Shares in 1923 sold for $5 apiece (approximately $75 in 2020 dollars), while in 1997 they were sold at $200 each, $250 each in 2011, and $300 each in 2021. The corporation currently has approximately 537,460 stockholders, who collectively own approximately 5,200,000 shares of stock following the sixth stock sale in 2021. The Packers have been a publicly owned, non-profit corporation since August 18, 1923. The Green Bay Packers Board of Directors is the organization that serves as the owner of record for the Green Bay Packers of the National Football League (NFL). 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. 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.

#Green bay packers professional#

It is this broad-based community support and non-profit structure 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. No one is allowed to hold more than 200,000 shares, which represents approximately four percent of the 5,011,558 shares currently outstanding. Rather than being the property of an individual, partnership, or corporate entity, they are held as of 2022 by 537,460 stockholders. The Packers are the only publicly owned franchise in the NFL. is the official name of the publicly held nonprofit corporation that owns the National Football League (NFL)'s Green Bay Packers football franchise, based in Green Bay, Wisconsin.