October 31, 2014

Packers report record financial numbers

Coming off of a Super Bowl victory and then followed by a 15-1 season, the Green Bay Packers reported a record financial year last year.

The Packers reported net income of $42.7 million, which is up $25.6 million from the previous year.

Team revenue totaled $302 million, up $19.4 million.

In 2011, the Packers, like many other NFL teams, reduced expenses in anticipation of a possible lengthy lockout.  But the owners and players reached a new deal which avoided a lockout.

Last winter, the Packers held another stock sale and netted $64 million.  That figure is not apart of the record numbers.  The money raised will go to help pay for the most recent stadium expansion.