4 ms·
A fun example along those lines is the Green Bay Packers[1]. They are a public non-profit whose shares are largely owned by members of the Green Bay community.
by User23 4y ago
A fun example along those lines is the Green Bay Packers[1]. They are a public non-profit whose shares are largely owned by members of the Green Bay community. Shareholding is mostly a matter of community pride, as it confers very few rights[2].
It's actually a pretty good model, and I wonder why it isn't used for other municipal assets.
[1] https://en.wikipedia.org/wiki/Green_Bay_Packers,_Inc https://en.wikipedia.org/wiki/Green_Bay_Packers,_Inc.
[2] https://www.wsj.com/articles/BL-TOTALB-269 https://www.wsj.com/articles/BL-TOTALB-269
- kibwen 4y agoLegally speaking I think that might be in a different category than what I was referring to (nonprofit vs corporation). And there are other legal structures, like co-operatives (and credit unions?), with similar ideas.
- deberon 4y agoI agree it’s a great model! Unfortunately the NFL has banned it (last I heard) - https://web.archive.org/web/20110813051753/http://www.sportsbusinessdaily.com/Journal/Issues/2009/10/20091026/This-Weeks-News/NFL-Pares-Ownership-Rule.aspx https://web.archive.org/web/20110813051753/http://www.sports...