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Green Bay Packers, Inc.

Green Bay Packers, Inc. is an American publicly held, nonprofit corporation that owns the National Football League (NFL)'s Green Bay Packers, an American football franchise based in Green Bay, Wisconsin. The corporation was established in 1923 as the Green Bay Football Corporation, and received its current legal name in 1935. The Packers are the only NFL club that is a publicly owned corporation, the only major professional sports franchise in the United States that is a nonprofit entity, and one of only a few such teams that are not privately held. Rather than being the property of an individual, partnership, or corporate entity, they are held as of 2025 by 538,967 stockholders. No one is allowed to hold more than 200,000 shares, which represents approximately four percent of the 5,204,625 shares currently outstanding.

The franchise's broad-based community support and non-profit structure are frequently cited as among the most important factors which have kept the team in Green Bay for over a century in spite of being the smallest market in all of North American major professional sports. Green Bay is the only team with this public form of ownership structure in the NFL, grandfathered when the NFL's current ownership policy stipulating a maximum of 32 owners per team, with one holding a minimum 30% stake, was established in the 1980s. As a publicly held nonprofit, the Packers are also the only North American major league sports franchise to release its financial balance sheet every year.

The Green Bay Packers Board of Directors is the organization that serves as the owner of record for the Green Bay Packers of the National Football League (NFL).

The Packers have been a publicly owned, non-profit corporation since August 18, 1923. The corporation currently has approximately 538,967 stockholders, who collectively own approximately 5,204,625 shares of stock following the sixth stock sale in 2022. There have been six stock sales, in 1923, 1935, 1950, 1997, 2011, and 2022. Shares in 1923 sold for $5 apiece (approximately $75 in 2020 dollars), while in 1997 they were sold at $200 each, $250 each in 2011, and $300 each in 2022.

The NFL does not allow corporate ownership of clubs, requiring every club to be wholly owned by either a single owner or a small group of owners, one of whom must hold a 30% stake in the team. The Packers are granted an exemption to this rule, as they have been a publicly owned corporation since before the rule was in place.

The corporation is governed by a seven-member executive committee, elected from among the board of directors. The committee directs corporate management, approves major capital expenditures, establishes board policy, and monitors performance of management in conducting the business and affairs of the corporation.

The elected president, currently Ed Policy, represents the corporation at NFL owners meetings and other league functions. The president is the only officer who receives compensation. The balance of the committee sits gratis.

At the time of his death in 2013, Green Bay Press-Gazette publisher Michael Gage was said to be the largest shareholder of the team.

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