Green Bay Packers, Inc.
Non-profit organization that owns the NFL's Green Bay Packers / From Wikipedia, the free encyclopedia
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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.
Predecessor | Green Bay Football Corporation (1923 ā 1935) |
---|---|
Formation | August 18, 1923; 100 years ago (1923-08-18) |
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 |
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.[lower-alpha 1][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.[lower-alpha 2]
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.[lower-alpha 2]