At PolicyMic, a look at why the Green Bay Packers have the best owners in professional sports:
There is no Jerry Jones or Dan Snyder in Green Bay. Instead, the Packers are publicly traded, with a total of 112,158 shareholders owning 4,750,937 shares in Green Bay Packers Incorporated. It’s a much sounder model for pro sports ownership, as almost every franchise would benefit from being owned by their fans.
The numbers are staggering: Over the last two decades, local municipalities have spent nearly $15 billion constructing or renovating stadiums for the NBA, NFL, and MLB. And despite owners’ claims to the contrary, there’s extensive research indicating that these stadiums do not boost economic growth.
As a result of this imbalance between public risk and private profit, the entire system of professional sport ownership in America has become little more than an elaborate slush fund for some of the country’s wealthiest individuals.