What NFL team is not owned by a billionaire?

The Green Bay Packers: Different from the Start

While most NFL teams are owned by billionaire moguls, one franchise stands apart — the Green Bay Packers. Unlike any other team in the league, the Packers aren’t controlled by a single wealthy investor. Instead, they’ve operated since 1923 as a publicly owned, non-profit corporation: Green Bay Packers, Inc.

That means no one person holds the keys. Instead, ownership is spread across more than 500,000 shareholders — fans who’ve purchased shares not for financial gain, but for the pride of having a stake in their team. These aren’t traditional stocks; they don’t pay dividends, and they can’t be traded for profit. But they carry something more valuable to locals: identity.

Based in Green Bay, Wisconsin — a city of just over 100,000 people, the smallest market in the NFL — the Packers have long relied on community support to survive. Their unique structure was born out of necessity: in the 1920s, the team raised funds from local fans to avoid folding. That spirit never left.

As of February 2026, Ed Policy now leads the franchise as President and CEO, stepping into the role after Mark Murphy’s retirement in July 2025. Policy, who has deep ties to the organization and decades of legal and administrative experience, now oversees a model unlike any other in professional sports.

In a league dominated by corporate power and deep-pocketed owners, the Packers remain a rare exception — a team truly rooted in its community. While they may not have a billionaire at the helm, they have something arguably stronger: half a million hearts invested in the legacy of Titletown.