Packers: 5 key points from shareholders meeting
By Phil Watson
Sep 14, 2014; Green Bay, WI, USA; Green Bay Packers fans arrive for the game against the New York Jets at Lambeau Field. Mandatory Credit: Benny Sieu-USA TODAY Sports
The Green Bay Packers held their annual shareholders meeting on Tuesday, with team president and CEO Mark Murphy updating shareholders on the franchise’s finances and other matters.
The Packers are unique in major American sports as the lone publicly owned franchise and boasted record revenue last year of more than $375 million, per the Wisconsin State Journal.
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Of course, this isn’t the typical shareholders meeting with suits, ties and somber faces. Many of the attendees came in Packers jerseys, some wearing the trademark Cheesehead foam hats bearing the words “NFL owner.”
Not exactly a stuffy board room.
More than 5 million shares of the team’s stock are owned by some 360,000 shareholders.
The team has won four consecutive NFC North titles since winning the Super Bowl as a wild-card club after the 2010 season. Bovada installed the Packers as favorites to win the Super Bowl in its most recent odds.
Murphy made five key points on Tuesday regarding both the future of the team and its current situation. In no particular order, we take a look at those points more closely.
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