Truth & Rumors > NFL

Packers churn record revenue numbers

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07:04 AM ET 07.17 | Looks like Green Bay can keep its doors open for at least another year. [The Packers] had another profitable season last year, setting franchise records for net income, revenue and profit from operations, according to new figures released Tuesday. And the financial future is also bright, with the team poised to open a new 7,000-seat addition in the south end-zone area this season -- at a cost of $146 million -- that is expected to generate new revenue equivalent to an extra home game at Lambeau Field. Top team officials said Tuesday that, for the fiscal year ending March 31, net income increased 1% to $43.1 million. Profit from operations jumped 26.4% to $54.3 million, and total revenue went up 2% to $308.1 million. All are franchise records.

Milwaukee Journal-Sentinel

Aaron Rodgers, Getty Images Aaron Rodgers, Getty Images
July 17, 2013  07:37 AM ET

Wouldn't it be nice if all teams were publicly owned commodities that had to report their revenue numbers?

Mike Brown, Bill Bidwell and Ralph Wilson would cringe at the thought.

July 17, 2013  07:44 AM ET
QUOTE(#1):

Mike Brown, Bill Bidwell and Ralph Wilson would cringe at the thought.

Three big reasons why the new CBA has not only a salary cap, but also a salary floor.

July 17, 2013  07:52 AM ET
QUOTE(#2):

Three big reasons why the new CBA has not only a salary cap, but also a salary floor.

They must look at the Marlins and Rays in envy.

July 17, 2013  08:23 AM ET
QUOTE(#1):

Wouldn't it be nice if all teams were publicly owned commodities that had to report their revenue numbers? Mike Brown, Bill Bidwell and Ralph Wilson would cringe at the thought.

And they never threaten to move to LA if you don't buy them a new stadium.

July 17, 2013  08:43 AM ET

Probably the profit was higher. One year they wrote off a $20 million real estate deal as a loss against the team's profits.

And remember, the NFL is considered a not for profit organization by the IRS and is eligible and receives far below market money from banks they then loan out for a profit and do not have to pay one penny on the profit from those transactions. Essentially, the NFL is a Bank with 32 company teams.

Comment #6 has been removed
July 17, 2013  08:55 AM ET
QUOTE(#3):

They must look at the Marlins and Rays in envy.

JJ is no doubt laughing at those numbers. Say what you want about the guy, but you can bet your "sweet bippy" he made a lot more than that.

July 17, 2013  09:12 AM ET
QUOTE(#7):

JJ is no doubt laughing at those numbers. Say what you want about the guy, but you can bet your "sweet bippy" he made a lot more than that.

Yep... a LOT more.

July 17, 2013  09:15 AM ET
QUOTE(#6):

What else do they have there?

Cheese and ice fishing.

July 17, 2013  09:32 AM ET
QUOTE(#6):

What else do they have there?

The Green Bay **** make life bearable for cheese heads in a land barren and desolate.

July 17, 2013  09:33 AM ET
QUOTE(#10):

The Green Bay **** make life bearable for cheese heads in a land barren and desolate.

Let's try this again:

The Green Bay Puckers make life bearable for cheese heads in a land barren and desolate.

July 17, 2013  09:34 AM ET
QUOTE(#11):

Let's try this again:The Green Bay Puckers make life bearable for cheese heads in a land barren and desolate.

Ahhh .... If at first you don't succeed ....!

July 17, 2013  10:22 AM ET
QUOTE(#12):

Ahhh .... If at first you don't succeed ....!

....then skydiving probably isn't for you.

July 17, 2013  10:57 AM ET
QUOTE(#9):

Cheese and ice fishing.

Also, according to statistics, the most AA chapters per capita in the nation, and an obesity rate higher than their collective blood pressure.

July 17, 2013  12:48 PM ET

More money to pay Aaron, keep up the good work!!!

July 17, 2013  02:45 PM ET
QUOTE(#11):

Let's try this again:The Green Bay Puckers make life bearable for cheese heads in a land barren and desolate.

Easy, roamer. There's an old saying about stones and glass houses you should probably google.

July 17, 2013  02:53 PM ET
QUOTE(#14):

Also, according to statistics, the most AA chapters per capita in the nation, and an obesity rate higher than their collective blood pressure.

Hey, drinking and some extra fat makes zero degrees Fahrenheit feel a bit warmer. We've adapted to our climate.

July 17, 2013  04:04 PM ET
QUOTE(#17):

Hey, drinking and some extra fat makes zero degrees Fahrenheit feel a bit warmer. We've adapted to our climate.

Born and raised in Minnesota. I can relate.

July 17, 2013  05:02 PM ET
QUOTE(#12):

Ahhh .... If at first you don't succeed ....!

Dad always said quit while you're behind. :)

 
July 18, 2013  12:05 AM ET
QUOTE(#17):

Hey, drinking and some extra fat makes zero degrees Fahrenheit feel a bit warmer. We've adapted to our climate.

There's always a good reason to drink, but this one is my new favorite.

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