Who Gets The Profits From The Green Bay Packers
Olivia Luz
The green bay packers were founded in 1919 and they took their name after curly lambeau the company s shipping clerk got money for the jerseys and use of the company s athletic field from the owner frank peck.
The packers have been a publicly owned non profit corporation since august 18 1923. This is essentially an endowment the packers are building in case league revenue sharing collapses or profits go down for any reason. Profit from operations was 70 3. All they get is a piece of paper that says they are part owners of the green bay packers.
The packers reported a profit of just 724 000 for fiscal year 2019 which ended march 31 the team disclosed on friday less than two weeks before the start of training camp and the annual. The team doesn t technically have a single owner or a handful of partners like every other nfl team instead the team is owned by hundreds of thousands of fans who all bought a piece of the green bay packers in a public stock sale. The green bay packers board of directors is the organization that serves as the owner of record for the green bay packers of the national football league nfl. The green bay packers are a professional american football team based in green bay wisconsin the packers compete in the national football league nfl as a member club of the national football conference nfc north division it is the third oldest franchise in the nfl dating back to 1919 and is the only non profit community owned major league professional sports team based in the united.
Green bay packers the fan controlled packers remain an antidote to the grimy world of nfl owners green bay fans celebrate with running back jamaal williams during a game last season. They don t even get a green. The corporation currently has 360 760 stockholders who collectively own 5 011 558 shares of stock after the last stock sale of. In 2016 this was approximately 800 thousand.
RELATED ARTICLE :
The green bay packers is unique in the nfl for one fascinating reason. We socialize the debt of sports and privatize the profits.
Green Bay Packers On The Forbes Nfl Team Valuations List
Green Bay Packers Surpass Half A Billion In Annual Revenue For First Time Sportspro Media
Five Green Bay Packers With The Most To Prove In 2020
The Green Bay Packers Are Now The Nfc S No 2 Seed
The Green Bay Packers Are Now The Nfc S No 1 Seed
The Most Important Green Bay Packers David Bakhtiari Is The Gold Standard For Left Tackles
The Green Bay Packers Formerly Unproven Pass Catchers Are Proving Their Worth
3 Reasons The 2020 Green Bay Packers Are Better Than A Year Ago
The Green Bay Packers Will Have A Tough Time Matching Their 2019 Success
Why The Green Bay Packers Are Still The Class Of The Nfc North
Green Bay Packers All Time Greats Composite One Of The Teams I Cheer On To Get To The Super Green Bay Packers Fans Green Bay Packers Green Bay Packers Players
Green Bay Packers Vs Detroit Lions Who Has The Edge
Pin On Sports Entertainment Biz
Source : pinterest.com
