Green Bay Packers owned by the fans?

[Tiko7523]

http://wiki.answers.com/Q/Who_owns_t...ay_Packer_team

The public. Green bay are the only nfl team to not have an owner. All money earnt goes back into the club.
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The Packers are deeply rooted in the Wisconsin city where they were founded in 1919. They were named after a local meat processing plant, the Indian Packing Company, which paid for the first uniforms. Starting in the 1920s, the Green Bay Football Corp. made a series of public stock offerings. In 1950, 1,900 local residents each put up $25 a share to buy the team. They and their descendants remain the owners. No one owns more than 200 shares of Packers stock. And it pays no dividends -- every cent goes back to the team in pay or toward the improvement of facilities. The result is a community -- and team -- spirit unmatched in any other National Football League city. That's why Packer players who score touchdowns leap into the stands to embrace spectators. That's why fans at Lambeau Field sing "Amazing Grace" during time-outs. That's why, as Bruce Adams of the San Francisco Examiner wrote last year, "a group of nuns 75 miles away in Fond du Lac prays for the Packers on Sunday morning and then settles down in front of a television set to watch the game."
It's also one reason why a team from the small northern town of Green Bay could beat all the big, bankrolled teams from New York to Los Angeles -- the Packers have soul.

man i think thats the coolest thing i have heard in a while no wonder they have such support and have sell out stadiums

[Yeah...THAT Guy]

Yeah I found out about that a couple years ago. Mad cool.

[CM Hooe]

I have relatives on my mom's side of the family who own Packers' stock. Very cool indeed.

[SPTO]

The only other pro sports franchise in North America that is community owned that I can think of is the Saskatchewan Roughriders of the CFL. I think the Blue Bombers were community owned for a time as well but they now have private ownership.

It's a pretty neat and interesting concept.

[Piderman]

Wow thats way cool, all i have is an old man running the team...it doesnt sound to bad, but when half your fans are wishing death upon him...well ill let that speak for its self

[deaduck]

I remember reading somewhere that the ownership structure has made upgrading Lambeau field tricky because of the income structure. They every so often have to have a stock sell off to regain sliding funds and they can't produce the funding to take care of the stadium properly.

[grunt]

Socialism at his best.

[MattieShoes]

Socialism is a he?