The Green Bay Packers have just banked a cool $64.5 million in funding. No, it’s not from a wealthy new minority owner or business magnate investor. It’s thanks to thousands of Packers fans who took the opportunity to purchase shares of stock from the franchise’s latest stock sale offering, according to the latest report from Pro Football Talk.
The Packers are uniquely structured among its NFL peers, and across all four major sports in the US for that matter, as it is the only community-owned franchise with over 300,000 stockholders. Nobody owns more than 4% of the organization and they’re helmed by an executive committee with team president Mark Murphy as the primary decision-maker.