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Packers Release Record Breaking Financial Information

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Packers Release Record Breaking Financial Information

Richard Ryman of the Green Bay Press-Gazette reported on the Packers annual release of their finances

The NFL’s smallest-market team said revenue last year totaled $375.7 million, 16 percent more than the year before. The Packers got $226 million in national revenue, mostly the result of new NFL television contracts coming into play, and $149 million in local revenue, more than half of the $12.9 million increase generated by the expanded Packers Pro Shop, which opened one year ago. National revenue was 20.6 percent higher and local revenue increased 9.4 percent.

The Packers have increased their total revenue every year since 2003 and these increases will allow for the team to renovate the luxury suites and club seats at Lambeau Field within the next two years. 

“We are investing in players, in the team and in the stadium so Lambeau Field continues to be state of the art,” Murphy said. “Part of it’s been trying to increase our home-field advantage, but also improving the fan experience.”

The team also made donations in the past year.  

The team contributed $3 million to the Green Bay Packers Foundation, bringing that group’s endowment to just more than $22 million. The foundation made $1.1 million in grants in 2014, including $250,000 to Achieve Brown County and $250,000 to five hunger-relief groups, including $50,000 to Gannett Wisconsin Media's Stock the Shelves program.

The Packers organization made $7 million in donations to the community last year, including in-kind contributions, Murphy said.

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Thegreatreynoldo's picture

As a note, profit from operations was $39.4 million, and net income was $29.2 million. The reserve fund decreased from $284 million last year to $280 million. Income from National sources was $226 million, with $149 million generated locally (39.7% of revenue is from local sources. [Source: GB Press Gazette.]

These numbers suggest that GB at least could not readily afford to take a $30 million per year hit by guaranteeing player contracts, as was suggested in a previous thread, if $30 million were indeed the cost per team, which I take leave to doubt. [I think there would be winners and losers but that player costs would not, and could not, change much.] The Packers are investing heavily in renovations and buying adjacent properties ($53.7 million over the last 4 years). Clearly, GB is using these fat years to maximize income potential down the road, when income might drop. TT has been a fine GM, and Murphy & the Bd. seem to know what they're doing.

ray nichkee's picture

We are in good hands with everybody involved today. Especially the way thompson pulled us out of that sherman mess so quick. Paying clitorus hunt on potential, signing joe johnson, and the best one is trading up in the 3rd round for bj sander, an effen punter.

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