Packers report $77.7 million in operating profit on $579 million in revenue

Packers report .7 million in operating profit on 9 million in revenue

The Packers are the only NFL group needed to report their calendar year-end economical results, and they did so Friday, pulling the curtain back on the NFL’s rebound from the pandemic.

The Packers posted a $77.7 million functioning revenue in the 2021 period on $579 million in earnings, Ben Fischer of the Sports Business enterprise Journal experiences.

NFL teams experienced a 12 percent obtain in earnings split equally amongst the 32 golf equipment, sharing $11.1 billion in tv and sponsorship earnings in 2021, or $347.3 million for every workforce.

That number has risen $3.3 billion — or $100 million per team — in the past five several years and does not nevertheless include things like the monster tv rights offers signed final year. A 17th typical-year game, a primetime playoff video game and amplified sponsorships helped improve the league’s countrywide earnings, for each Fischer.

The Packers noted $231.7 million in nearby earnings, which was up 9.9 p.c the very last pre-pandemic year of 2019. Environmentally friendly Bay is “between 8th and 10th” in the league in community revenue, Packers president Mark Murphy stated, by way of Fischer.

“The storyline from our financials from a calendar year ago is a return to normalcy,” Murphy stated.

In 2020, when the Packers played without enthusiasts in Lambeau Industry, the team posted a $38.8 million decline on $371 million in profits.

For the 2022 time, the Packers raised ticket selling prices.

Packers report $77.7 million in functioning gain on $579 million in earnings at first appeared on Professional Football Communicate