Swissdog2010
DIS Veteran
- Joined
- May 19, 2010
- Messages
- 676
The team is owned by about 200,000 or so shareholders. It's not like owning common stock in normal company. The put several restrictions on the stock - you can't sell it, but it can be passed down to you heirs in your will. It pays no dividends, and since you can't sell it, it never appreciates in value. What it does get you is a vote to elect the board of directors, which elects the executive board, which hires all of the team personnel from the team president to the general manager. You also get into the shareholders meeting at Lambeau, which really isn't all that exciting (by law, they have to have annual meetings and hold the elections and all the standard boring stuff) The do usually debut the previous year's highlight video at the meeting, and the head coach usually makes an address.
When the team won the Super Bowl a few years ago, they released replica championship rings that any fan could buy, but stockholders were allowed to purchase specific rings that said "owner" or something like that.
When the team does issue stock (it's only happened 5 or 6 times in their history), it's not meant as an investment in the normal way of thinking about it. The team uses it to raise funds (for stadium expansion, for example) and people buy into it because they're fans and they want to be closer to the team.
I think that the team by-laws say that if the team were to ever be sold and move to a different city, all the proceeds go to a local Boys and Girls Club or something. Not like that will ever happen.
Isn't the biggest part of it being able to say, "I'm an owner of the Green Bay Packers." That's gotta be pretty cool.