The Green Bay Packers, the only publicly owned NFL team, face a financial squeeze as billionaire owners pull ahead. President Ed Policy warns they risk falling behind—and if things get dire, the team’s bylaws allow for dissolution, with assets sold to fund a new expansion franchise and all proceeds going to charity. While radical, it could modernize ownership, bring in a billionaire, and split billions among current owners. The Board of Directors holds ultimate power—and any deal must guarantee the team stays in Green Bay. For shareholders, their “stock” is just a souvenir with no real value.
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