GREEN BAY, Wis. — The Green Bay Packers’ earnings fell 11.7% over the previous fiscal 12 months after a season through which they missed the playoffs and had a regular-season house recreation moved abroad.
The Packers on Wednesday reported a $68.6 million revenue from group operations, down from $77.7 million final 12 months. The Packers had $610.3 million in whole revenues and $541.6 million in bills.
As the NFL’s solely publicly owned franchise, the Packers disclose their bills and revenues every year. The group is holding its annual shareholders assembly Monday.
Rather than having a mixed 10 regular-season and preseason house video games final season, the Packers performed eight house video games and one preseason contest at Lambeau Field. One of their 9 “home” video games was a 27-22 loss to the New York Giants that came about at London’s Tottenham Hotspur Stadium.
“That extra game would have put us right around last year’s level, if not a little bit higher,” mentioned Paul Baniel, the Packers’ vp of finance and administration. “It really was the difference, when you look at the operating profit and the fact it’s down that $9.1 million year-over-year.”
The Packers additionally didn’t have a house playoff recreation for the primary time since 2018, although that wasn’t as a lot of an element because the moved regular-season recreation.
The NFL collects income from postseason ticket gross sales. The Packers nonetheless get cash from concessions, parking and different ancillary prices from house playoff video games, however they get extra income from house preseason or regular-season video games due to the ticket gross sales.
Green Bay went 8-9 final season, ending a string of three straight NFC North titles.
The group’s revenues elevated 5.4% from final 12 months, and bills grew by 8%. While the Packers’ income from nationwide sources such because the NFL’s tv contract improved by 7.8% over final 12 months to achieve $374.4 million, their native revenues elevated just one.8% to hit $235.9 million.
“We’re in a really great position, I think, to provide football all the resources they need to be successful and also to continue to invest in Lambeau Field and the community,” Packers President and CEO Mark Murphy mentioned. “The real keys for us, I think, and the league as a whole and every team is the combination of the long-term bargaining agreement … and then the long-term media deals.”
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