This guy isn’t quite as much an owner as, say, Jerry Jones. But, he is indeed a minority owner of an NFL team. That team is the always hokey Green Bay Packers.
A total of 4,750,937 shares are owned by the Packer fans.
The entire reason to pump money into this team is to show support. The motive to the fan is no financial in nature. In order to keep no one from acquiring a majority stake in the team, it is prohibited for any person from owning more than 200,000 shares.
Outside of Packer Nation, should we care about this event?
Well, it is rather historic. The Packers have had only four stock sales over the team’s history. Those have taken place in 1923, 1935, 1950 and 1997. After today 2011 will be added to that list.
There is little reason to buy shares of Packers stock. Unless you can resell it to another yahoo, there’s no way to profit. This is stated right on the Packers official website: “112,158 stockholders none of whom receives any dividend on the initial investment.”
It’s all about keeping the franchise is good financial standing. It’s an extremely interesting way to run a team. The Packers were incorporated in 1923. The company has been quite successful. So, why haven’t we seen anything like this since?