HeadlinesBriefing favicon HeadlinesBriefing.com

Billionaire-Free Packers Stay True to Game

New York Times Top Stories •
×

The Green Bay Packers remain a unique anomaly in modern American professional sports—a provincial team with an expanding global fan base and no billionaire owner. While other NFL teams soar in value, with the Seattle Seahawks selling for $9.6 billion to Vinod Khosla and the Washington Commanders worth nearly $10 billion, the Packers have been community-owned since 1923. Their shares are held by local stockholders who cannot trade them, making the team 'community owned.' Despite Green Bay's small market of just 480,000 people, the Packers draw massive crowds, with Lambeau Field holding 76 percent of the city's population.

Games have sold out for 66 years, and the team ranks among the top three in NFL fandom. With about 1,000 American billionaires vying for sports franchises, the Packers' modest approach may reflect a growing preference for authenticity over wealth in the Gilded Age.