The Green Bay Packers, valued at $6.3 billion, are the only publicly-owned NFL team and the sole team in all North American major sports leagues with this ownership structure, CNBC reports.
The tradition of fan ownership was initiated more than 100 years ago, with six stock offerings so far (1923, 1935, 1950, 1997, 2011, 2021), with an ownership cap of 200,000 shares per person. The first offering was $5 a share. The latest was around $300, and more than 538,000 individuals collectively hold over 5.2 million shares, according to the official team media guide.
However, the shares don't provide dividends, can only be transferred to a family member, and have no market value. What shareholders do have is voting power at the annual meeting to elect a board of directors.
Related: Travis and Jason Kelce Score $100 Million for Their Podcast
Also, the only exit strategy is to sell shares back to the team at a portion of the initial cost, so this investment is more about fandom and community roots than financial gain. And because the team is publicly owned, they disclose revenues and expenses yearly, per ESPN.
In 2023, the Packers generated $638 million in revenue and charted $128 million in earnings, which goes into player salaries, the upkeep of the historic Lambeau Field, and other essential operations. Last year, the Packers also purchased Foamation Inc., the company that makes the famed Cheesehead hat.
Despite playing in the smallest TV market in the NFL (and Green Bay lacking the vacation allure of franchises in cities like Las Vegas or Miami), the Packers have become a storied franchise whose ownership structure has continued to shape the team as an outlier—in finances, fan engagement, and cheese-shaped headwear.
The Packers are ranked the 12th most valuable team (out of 32) in the NFL, per CNBC Team Valuations.
Before you consider Team, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Team wasn't on the list.
While Team currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
