Packers had a record breaking year financially
The Green Bay Packers set new records last year for total revenues, net income, and operating profits. The NFL’s only publicly-owned team released its financial data yesterday. Operating profits jumped by 26-percent, to 54-point-three million dollars for the year ending March 31st. Net income rose by one-percent to 43-million. Total revenues increased two-percent to 308-million dollars. Team president Mark Murphy said the increases were due mainly to their success on the field – including their fourth straight playoff appearance, and their second consecutive N-F-C North Division title in 2012. Murphy said the team also benefited from the collective bargaining agreement set two years ago with the players’ union. Player costs for the last fiscal year dropped by 19-million dollars, to 136-million. The Packers expect to take a hit in that department next year after signing Aaron Rodgers and Clay Matthews to mega-contract extensions. Murphy also expects a louder-and-improved atmosphere at Lambeau Field this season, with 66-hundred additional seats in an overhang in the South End Zone. Stockholders will review the financial data at their annual meeting a week from today. Training Camp will begin two days later.