whatilearned
Read more: https://en.wikipedia.org/wiki/Green_Bay_Packers,_Inc
TIL the NFL requires every team to be owned by one owner or a small group, one of which must hold 1/3+ of the shares. The Packers are the only exception, community owned disallowing any single owner to own more than 200,000 shares.
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Those share hold no equity so if you buy them you don’t make money if they sell the team.
But what is the purpose of the rule?
I hate football, but this is the neatest fact about that dumbass game. Good on them for not being complete assholes.
As someone who doesn’t watch sports.. this is pretty cool.
The Pack lost.
Sounds like we need a DAO owned team…
In Australia our AFL teams aren’t owned by anybody. They’re run by boards who are elected by paying members. With the exception of some expansion teams who are still propped up by the league.
My understanding is that most of e shares are non-voting. I’d like to know which people have the “voting” shares.
The Packers are the only exception, completely owned by the Niners.
Packers are a Ponzi scheme should be shut down
I bet this was posted by a Packers fan. Lol.