The Green Bay Packers are the one NFL team owned by its fans. Here’s how it works

The Green Bay Packers are the one NFL team owned by its fans. Here’s how it worksThe shares pay no dividend, are nontransferable outside of passing to a child or relative and do not have any intrinsic market value. Shareholders get to attend the team’s annual meeting and vote for a board of directors, but the team says owners do not make any financial gains from ownership. The only way a shareholder receives any money is by selling their stake back to the team, and even that is for a percentage of the original share price.

For 2023, the team took in $638 million in revenue, and its earnings before interest, taxes, depreciation and amortization were $128 million. The Packers are a nonprofit, and the only member of the team’s seven-person executive committee who gets compensation is the presiden

The Packers’ annual revenue goes toward paying players, maintaining Lambeau Field and marketing, among other expenses. The share offerings throughout the years have been used to pull the team out of rocky financial situations and do larger renovations of Lambeau Field.t.