[eclipticplane]

> False: The green bay packers are also a non-profit.

There's a lot more to the Packers' ownership; technically they are for-profit in Wisconsin due to state laws, but operate as a non-profit that issues stock. The stock does not have dividends, technically can only be transferred to family members, and has a per-person cap. Other teams can only have a few dozen joint owners; the Packers have something like 150,000 distinct "owner" shareholders that vote on things like stadium enhancements, etc. This is also why they haven't been moved from Green Bay -- too many rabid fans own shares that would never approve a move from Green Bay.

They are the only major sports team in the US to be structured anything like it.

Profits, as indicated on their public books, are either put back into the stadium/city development or go toward another non-profit that's quite active in Wisconsin.