Who Owns the Green Bay Packers?
The Green Bay Packers are old school. They play their games at historic Lambeau Field and thrive on their homefield advantage that consists of sub-freezing temperatures in the latter part of the schedule.
Lambeau Field might be the most electric atmosphere to take in an NFL game. When the Packers are home for the weekend, it’s a party. Maybe it’s because there’s not much else going on in the city, but maybe it’s a whole collection of NFL owners coming together to watch their team play.
Who owns the Green Bay Packers? The fans
The Green Bay Packers are the only NFL team where fans can buy an ownership stake. The Packers are the only community-owned team in the NFL.
Back in 2021, the team held its sixth-ever stock sale, which raised $65.8 million through the sale of about 198,000 shares at $300 each, according to the Green Bay Press-Gazette. During that February 2021 sale, the Packers picked up 176,160 new shareholders, bringing to current total to more than 537,000.
The NFL requires the money raised by stock sales to be used only for stadium projects that will benefit fans.
The last time the Packers held a stock sale was in 2011. Shares were sold at $250 per. According to NFL.com, the 2011 sale raised $64.7 million. The Packers also held stock sales in 1923, 1935, 1950, and 1997.
The stock has no monetary value and can’t be traded in the open markets.
In a release to promote the Packers stock sale in 2021, the team stressed those purchasing stock should not do so with the intention to make a profit.
“Anyone considering the purchase of Packers stock should not purchase the stock to make a profit or to receive a dividend or tax deduction or any other economic benefits,” the release read, per Packers.com.
