Step 1 : Introduction to the question "What is the only U.S. sports team owned by its fans?"
The Green Bay Packers are the only fan-owned team in professional sports. Rather than being the property of an individual or corporate entity, they are held in by 360,584 stockholders. It is this broad-based community support and non-profit structure which has kept the team in Green Bay for nearly a century in spite of being the smallest market in all of North American professional sports. As a publicly held nonprofit, the Packers are also the only American major-league sports franchise to release its financial balance sheet every year.
Step 2 : Answer to the question "What is the only U.S. sports team owned by its fans?"
Green Bay Packers:
The Green Bay Packers are the only fan-owned team in professional sports. Rather than being the property of an individual or corporate entity, they are held in by 360,584 stockholders. It is this broad-based community support and non-profit structure which has kept the team in Green Bay for nearly a century in spite of being the smallest market in all of North American professional sports. As a publicly held nonprofit, the Packers are also the only American major-league sports franchise to release its financial balance sheet every year.
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