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<blockquote data-quote="WNY PackerFan" data-source="post: 951894" data-attributes="member: 17980"><p>Green Bay Packers Inc. is a nonprofit corporation like the YMCA, the American Heart Association or the United Way. Being a shareholder or “owner” of a nonprofit is not meant to provide income or profit to the individual the way a for profit corporation such as Apple or Amazon does.</p><p></p><p>Shareholders of both types of corporations get to vote on who runs the day-to-day operations and on some limited ownership issues within their organization and they get to attend an annual meeting. Shareholders don’t get free Apple phones, nor can a shareholder go down to the bench to coach the players.</p><p></p><p>Green Bay Packers Inc. emphasizes the nonprofit nature of their company in their prospectus. The two types of corporations have different goals. Green Bay Packer Inc. is meant to provide a football team for the community of Green Bay. In that way they have been a successful corporation for close to a hundred years.</p><p></p><p>The NFL owners grandfathered the Packers ownership structure into the league and does not allow it to happen anymore. Why is that?</p><p></p><p>The fact that the community and not some billionaire owns the Pack is one of the things that makes Green Bay special and a big part of the reason I root for them.</p><p></p><p>As a person who buys a share of stock in Apple or Amazon can say they are an owner, so can the person who owns a share in Green Bay Packers Inc.</p><p></p><p>I bought a share so me and the grandkids can root for “our” team and I hope someday they can root with their grandkids for the Pack. To me it’s money well spent.</p></blockquote><p></p>
[QUOTE="WNY PackerFan, post: 951894, member: 17980"] Green Bay Packers Inc. is a nonprofit corporation like the YMCA, the American Heart Association or the United Way. Being a shareholder or “owner” of a nonprofit is not meant to provide income or profit to the individual the way a for profit corporation such as Apple or Amazon does. Shareholders of both types of corporations get to vote on who runs the day-to-day operations and on some limited ownership issues within their organization and they get to attend an annual meeting. Shareholders don’t get free Apple phones, nor can a shareholder go down to the bench to coach the players. Green Bay Packers Inc. emphasizes the nonprofit nature of their company in their prospectus. The two types of corporations have different goals. Green Bay Packer Inc. is meant to provide a football team for the community of Green Bay. In that way they have been a successful corporation for close to a hundred years. The NFL owners grandfathered the Packers ownership structure into the league and does not allow it to happen anymore. Why is that? The fact that the community and not some billionaire owns the Pack is one of the things that makes Green Bay special and a big part of the reason I root for them. As a person who buys a share of stock in Apple or Amazon can say they are an owner, so can the person who owns a share in Green Bay Packers Inc. I bought a share so me and the grandkids can root for “our” team and I hope someday they can root with their grandkids for the Pack. To me it’s money well spent. [/QUOTE]
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