![]() ![]() In addition to being publicly owned, the Packers are also independently funded. The team's headquarters are located in Green Bay, Wisconsin. Two members of the board are elected annually by the shareholders: one president and one vice president. Members of the founding family-including children, grandchildren, and great-grandchildren of Earl Blaine, who originally bought the team-make up most of the board of directors. The corporation owns the rights to the "Green Bay Packers" name and logo. The team is owned by the Green Bay Packers, Inc., which was formed by former players and owners of the team who are still alive. Since its inception a century ago, the team has belonged to the people of Green Bay, Wisconsin, and their successors as a non-profit company, rather than to a billionaire. The Green Bay Packers are the only publicly owned professional sports team in the United States. became president of the Packers in 1959 at the age of 26. This form of ownership is called "shareholder" status.Įdward J. Since then, no one has had any ownership interest in the Packers other than what is represented by their stock certificates. DeBartolo Sr., who raised funds through private investors to purchase a majority share of the club. Norris was an entrepreneur who used his own money to finance the team's operations while it built its reputation during its first three seasons. The Green Bay Packers were born when John Norris purchased the rights to the Chicago Bears and moved them to Green Bay for the 1953 season. Griffith's Ohio University Red Jackets 7-6 before a crowd of 2,000 people at Illinois College in Jacksonville, Illinois. The first season ended with Camp's Crimson Club defeating William H. Deutsch bought the rights to the American football game from its creator, Yale's Walter Camp. The NFL was founded in Chicago on February 10, 1920, when attorney Robert W. They are not the property of a person, partnership, or corporate organization, but are owned by 360,760 shareholders as of 2016. Since then, the team has won one more game than it has lost. The club has been managed by nine people since 1993 when Bob Harlan was fired after making the mistake of trying to trade away the team's success story for some cheap wins. Today, the team is owned by members of the Rodgers family who take a percentage of the profits instead of receiving any cash up front. Over time, the team became very successful, and in 1957 it earned its first NFL championship. The boys decided to keep the business in the family by hiring Myra's nephew Tom Dawson as president. The family business was threatened when Myra died, but she left a will that gave the company to her two sons. James Norris as a means of keeping their son's interest while they played in Europe. The Green Bay Packers were founded in 1919 by Myra Hansen and Dr. As such, the profits of the club are not taxed and any losses may be carried over to future years. The club's articles of incorporation state that it shall operate as a charitable trust. The Packers are the NFL's only publicly owned team. The legal name of the publicly held nonprofit organization that owns the Green Bay Packers football franchise in the National Football League is The Green Bay Packers, Inc. These funds are then distributed back to their shareowners through dividends and team investments.ĭoes the city of Green Bay own the Packers? However, since they are not true nonprofit organizations, each of these sports teams generates significant revenue streams from sales of merchandise, tickets, and advertising space. If you own stock in any of these companies, you will be entitled to a share of the team's future profits once their annual budget is met. Each of these firms sells shares of stock to the public. Other famous fan-owned teams include the San Francisco 49ers (Super Bowl champions in 19), the Seattle Seahawks (Super Bowl champions in 2013), and the Denver Broncos (Champions in 2016). With more than 2 million fans attending games at Lambeau Field over the past 45 years, and an additional 4 million watching on television, the Packers are among the most attended and largest-drawing sports teams in North America. In addition to being one of the most successful professional football teams in America, the Green Bay Packers are also one of the most popular franchises in NFL history. It was first offered in 1972 and continues to be produced today. The Packers created and marketed an unique Super Bowl ring to stockholders in collaboration with Jostens. They are a publicly traded firm, as opposed to other NFL clubs, which are normally controlled by a single family or partnership. The Green Bay Packers are the only major league sports club in the United States that is owned by its fans. ![]()
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