The Green Bay Packers have cashed in record-shattering profits on a fiscal year that saw the team win its fourth Super Bowl championship and then tally a team-record 15 regular season wins.
Packers president and CEO Mark Murphy told a group of reporters Tuesday that the team made a record net profit of operations of $27.9 million, according to Bill Huber of Packers Report.
The Packers set records with local revenue of $130.4 million, total revenue of $302 million, profit from operations of $43 million and net income of $42.7 million. The bottom line, after taxes, is a net profit that increased a stunning $20.1 million.
The monetary numbers went up across the board, including increases in total revenue, national revenue and local revenue. The Packers also reduced expenses, including player's salaries, from the previous fiscal year.
According to Don Walker of the Milwaukee Journal Sentinel, the Packers' recent stock sale did not factor into the final numbers. All $64 million went into the team's renovation of Lambeau Field, which includes two new video screens and 7,000 new seats to the south end of the stadium.
Despite finishing their 2011-12 season with a loss to the New York Giants in the Divisional Round of the NFC Playoffs, the Packers still saw a huge spike from winning the Super Bowl in February and then following up their championship with 15 wins in the 2011-12 regular season.
“It was a very good year for the Packers on the field – though, obviously, the season didn’t end the way we wanted – but also it was a very good year for the Packers from a financial standpoint,” Murphy told reporters.
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