Green Bay Packers: A Team Owned by Their Fans, Not a Billionaire
Jacksonville Jaguars team president Mark Lamping has suggested that the team may move if the city does not provide taxpayer money to fund a $2 billion stadium renovation. This threat of relocation is a common tactic used by US pro sports teams as leverage to secure funding for new stadiums or renovations. However, publicly subsidized stadiums are often a raw deal for cities, with little economic benefit and low-wage, part-time jobs. The Green Bay Packers, the only major nonprofit, publicly owned professional sports team in the US, have found a successful model by allowing community shareholders to invest in the team and reinvesting profits into the organization.
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