Sports Illustrated reports that at least some people wish that fans could take advantage of more public-ownership opportunities in the NFL. And as The Conversation notes, it will definitely stay that way. Without an owner, more people overall benefit. The team benefits first to be sure. But its interest happens to be the first interest of fans. Home NFL. The purpose of the meeting is to elect the member board of directors and for the executive committee to report on the health of the organization.
In recent history, this meeting has coincided with the start of training camp. A member board of directors is elected by the stockholders, who in turn elect a seven-member executive committee. The executive committee runs the Packers, and is ultimately responsible for the direction of the football team and organization. Green Bay Who Owns the Packers? Why are the Packers community-owned?
The Packers have issued several different stock certificates. This one was issued in The NFL requires money raised by a stock sale to be used only for stadium projects that are beneficial to fans. The Packers are the only publicly owned team in the NFL. The Packers contend that because they do not have a deep-pockets owner, the stock sales are needed to fund fan-friendly projects.
The owners of the league's 31 other teams approved the last three sales under the requirements established for the sale. We are exploring such steps and intend to keep our fans informed of further developments when we are able," Murphy said.
Packers stock does not pay dividends and it cannot be publicly traded, although it can be transferred among family members. NFL approval for the Packers' last stock sale was in October , and the sale took place in early December, just in time for Christmas.
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