The Green Bay Packers announced this week that their latest stock offering, the fifth in franchise history, had raised $67 million to help refurbish Lambeau Field, including the addition of 6700 seats.
The Packers are owned by the fans, not a wealthy owner operating with a profit-at-all-costs (PAAC) philosophy. The franchise is a publicly-owned non-profit with a unique stock ownership structure.
The Packers issued stock to the public in 1923 in order to stay afloat as a franchise. Ownership pays no dividends and doesn’t provide any other perks (most notably, there aren’t any game ticket privileges). Most shareholders live in the Green Bay area, or at least the state of Wisconsin, although there are no residency requirements (due to the Packers’ current status as a “national” team, about 50% of the shareholders from this latest offering live outside Wisconsin, including about 2000 shares purchased by people in Canada) . Nevertheless, all profits are invested back into the team. Green Bay’s bylaws state that the Packers are “a community project, intended to promote community welfare.” What a refreshing approach. The chances the Packers will pack up and leave Green Bay are slim and none.
“It makes them an example,” according to ESPN’s Patrick Hruby. “A case study. A working model for a better way to organize and administer pro sports.”
The NFL, NBA, and MLB have either formally or informally banned ownership structures comparable to the Packers’. That’s clearly an “anti-fan” policy.
As League of Fans founder Ralph Nader has said, “The fundamental problem in pro sports is that we’ve given free reign to owners through a self-regulated monopoly system — including anti-trust exemptions — which allows owners to pursue a profit-at-all-costs agenda at the expense of fans. This system has resulted in owners playing one city off another in the quest for new taxpayer-funded stadiums and other freeloading. A community ownership model, like the Green Bay Packers’, works. It’s a better way to structure and administer professional sports. It should become an optional mainstay of sports policy in this country.”
— Ken Reed, Sports Policy Director, League of Fans
Sports Forum Podcast
Episode #32 – League of Fans’ Sports Forum podcast: Prolific Author Joe Posnanski Joins the Show – Posnanski is one of America’s best sportswriters and has twice been named the best sports columnist in America by the Associated Press Sports Editors. We chat about his new book, “Why We Love Baseball,” his new Substack newsletter called Joe Blogs, and we cover topics including how baseball treats its fans, MLB’s numerous rule changes this past season, how the sport can become more fan-friendly, the greatness of Negro Leagues champion Buck O’Neil, and much more.
Follow on Facebook: @SportsForumPodcast
Episode #31 – League of Fans’ Sports Forum podcast: Foul Ball Safety Is Still an Important Issue at Ballparks – Our guests are Jordan Skopp, founder of FoulBallSafety.com and Greg Wilkowski, a Chicago based attorney. We discuss the historical problem of foul balls injuring fans and why some teams are still hesitant to put up protective netting in some minor league and college baseball parks.
Episode #30 – League of Fans’ Sports Forum podcast: The State of College Athletics with Dr. David Ridpath: Problems and Potential Solutions – Ridpath is a sports administration professor at Ohio University and a member of The Drake Group, a college sports reform think tank.
Episode #29 – League of Fans’ Sports Forum podcast: The Honorable Tom McMillen Visits League of Fans’ Sports Forum – McMillen is a former All-American basketball player, Olympian, Rhodes Scholar and U.S. Congressman. We discuss the state of college athletics today.
Episode #28 – League of Fans’ Sports Forum podcast: A Chat With Mano Watsa, a Leading Basketball and Life Educator – Watsa is President of PGC Basketball, the largest education basketball camp in the world. We discuss problems in youth sports today.
Episode #27 – League of Fans’ Sports Forum podcast: Kids’ Sports: How We Can Take Back the Game and Restore Quality Family Time In the Process – Linda Flanagan is author of “Take Back the Game: How Money and Mania Are Ruining Kids’ Sports and Why It Matters.” We discuss how commercialized and professionalized youth sports are hurting kids and their families.
Media"How We Can Save Sports" author Ken Reed appears on Fox & Friends to explain how there's "too much adult in youth sports."
Ken Reed appears on Mornings with Gail from KFKA Radio in Colorado to discuss bad parenting in youth athletics.
“Should College Athletes Be Paid?” Ken Reed on The Morning Show from Wisconsin Public Radio
Ken Reed appears on KGNU Community Radio in Colorado (at 02:30) to discuss equality in sports and Title IX.
Ken Reed appears on the Ralph Nader Radio Hour (at 38:35) to discuss his book The Sports Reformers: Working to Make the World of Sports a Better Place, and to talk about some current sports issues.
- Reed Appears on Ralph Nader Radio Hour League of Fans’ sports policy director, Ken Reed, Ralph Nader and the New York Times’ Tyler Kepner discussed a variety of sports issues on Nader’s radio show as well as Reed’s updated book, How We Can Save Sports: A Game Plan. Reed's book was released in paperback in February, and has a new introduction and several updated sections.
League of Fans is a sports reform project founded by Ralph Nader to fight for the higher principles of justice, fair play, equal opportunity and civil rights in sports; and to encourage safety and civic responsibility in sports industry and culture.
Vanderbilt Sport & Society - On The Ball with Andrew Maraniss with guest Ken Reed, Sports Policy Director for League of Fans and author of How We Can Save Sports: A Game Plan
Sports & Torts – Ken Reed, Sports Policy Director, League of Fans – at the American Museum of Tort Law
Order from Amazon
Order from Amazon
Order from Amazon
Ken Reed’s Author Page on Amazon