Yes, the Green Bay Packers are indeed community-owned.
They are the only publicly-owned team in the National Football League. The team operates as a non-profit organization and is governed by a board of directors elected by shareholders.
Founded in 1919 by Earl “Curly” Lambeau and George Calhoun, the team faced financial challenges in its early years.
To overcome these obstacles, they turned to the community for support.
In a groundbreaking move in 1923, the Green Bay Football Corporation was established as a non-profit organization.
The corporation issued stock to the public, making the Packers the first publicly-owned team in American professional sports.
The proceeds from stock sales not only guaranteed the team’s survival but also fueled their subsequent success. In the present day, the Packers continue to operate as a publicly-held non-profit corporation.
Shareholders are granted certain privileges such as attending the annual shareholder meeting and participating in some decision-making processes.
This unique ownership structure has forged a strong connection between the team and its devoted fanbase.
The community ownership model has played a pivotal role in keeping the team rooted in Green Bay while ensuring its long-term stability.
The Packers’ status as a community-owned team remains a source of immense pride for their fans and sets them apart within the realm of professional sports.
