Roots, Roots, Roots for the Home Team: Community-Owned Professional Sports
Community ownership of professional sports teams is an idea with decades of successful experience. The Green Bay Packers have been operating as a nonprofit corporation since 1923, during which time they have won three world championships and three Super Bowls, and have recently financed two stadium upgrades from retained earnings. Their ownership structure has generated unprecedented fan support while maintaining the fiscal discipline exhibited by corporations. This report by David Morris and Daniel Kraker takes a closer look at the issues surrounding community owned sports. … Read More