Skip to content

Packers financial statement shows record profits

NFL-is-a-key-player-in-the-economy-5OCATCA-x-large AP

The Packers released their financial numbers Tuesday, and as Frank Sinatra once sang, it was a very good year.

Thanks to a Super Bowl win followed by a 15-1 regular season, the Packers enjoyed record profits in the last year, according to a report in the Milwaukee Journal-Sentinel.

The Packers reported net income of $42.7 million last year, a jump of $25.6 million from the previous season.

Profits from operations was up $31 million to $43 million, and total revenue was up $19.4 million to $302 million.

That allowed the to set new records for net income, profit from operations, total revenue and local revenue (which jumped $11.1 million to $130.4 million).

Team president and CEO Mark Murphy said the record earnings were because they were able to “ride the wave,” from a championship.

“I think that along with the 15-1 regular season really spurred us on,” Murphy said.

Expenses were actually down $11.5 million to $259 million, thanks to the fat-trimming in anticipation of the lockout.

The Packers are in a unique situation because they lack the debt many teams are saddled with, but any way you look it it, the numbers are astonishing.

Permalink 26 Comments Feed for comments Latest Stories in: Green Bay Packers, Home, Rumor Mill
26 Responses to “Packers financial statement shows record profits”
  1. dirtmcgirt24 says: Jul 10, 2012 5:38 PM

    It’s only astonishing insofar as you believed the line that you were fed last summer, that a lockout of the players was necessary.

  2. tippet523 says: Jul 10, 2012 6:33 PM

    If you had 800,000,000 of debt at 5% that would leave a net income of 2 million.

  3. dadindebt6 says: Jul 10, 2012 6:40 PM

    43 million profit on 302 million of revenue is a 14% profit margin. Many industries operate on less but there are many industries that have much higher profit margins.

    That 43 million is only enough to pay the top 5 or 6 players on the team for a year. So while it is a huge amount to us fans, it is probably in the middle of the entertainment industry.

    Check the top 32 movies of the year, the top 32 bands, the top 32 books, or the top 32 TV programs and I am sure quite a few rank right up there as far as profit goes.

  4. gbmickey says: Jul 10, 2012 6:47 PM

    I have no problem with what the owners said or received in the new cba. My only hope is that it will level out ticket pricing or perhaps lower ticket pricing ( I dream, I know ).

    My biggest hope was a league where you could not buy a team every year and it appears that was accomplished. With the insanity of players contracts the frequency of players becoming divas is increasing every year along with the amount of arrests it seems. I would be all for reading about less of that and more about team analysis for the upcoming season.

  5. cincinnasti says: Jul 10, 2012 8:38 PM

    It will be interesting to see if they ever replace ancient Lambeau Field… There isn’t and won’t ever be greedy billionaire at the top demanding one to built.. Even when the time comes that one may need to be built…

  6. bdoubleoey says: Jul 10, 2012 8:47 PM

    And I am sure all the stock holders got a nice check in the mail. O, wait, the just bought a piece of paper. Interesting.

  7. 91devinhester23 says: Jul 10, 2012 8:48 PM

    keep buying that fake stock cheeseheads

  8. rpiotr01 says: Jul 10, 2012 8:48 PM

    That’s too much profit. Time for players to strike.

  9. dryzzt23 says: Jul 10, 2012 9:01 PM

    ***BREAKING NEWS ***

    Every NFL player enjoyed a record profit in 2011.
    The players are just as greedy, if not more greedy, than the owners are made out to be.
    I refuse to allow the media to portray just one side, as they usually do.

  10. dryzzt23 says: Jul 10, 2012 9:04 PM

    The players invest ZERO into the franchise, the stakeholders are the ones who have invested and risked money on the franchise.
    The team should be run in such a way as to make a profit for the stakeholders, not to benefit the employees (aka players) who are already paid a handsome sum of cash

  11. maxl49 says: Jul 10, 2012 9:11 PM

    Selling fake share is a booming industry …

  12. vkngs77 says: Jul 10, 2012 9:23 PM

    Wow, their stockholders must be thrilled that the value of their stock has skyrocketed…..Oh wait…It’s still worthless.

  13. rcali says: Jul 10, 2012 9:26 PM

    Hopefully the Packers brought back all those people they fired for no reason or gave back the money they may have stolen from the left over employees. My guess is that they did not, like a lot of other teams in the NFL and NBA dealing with the fake-out.

  14. bobnelsonjr says: Jul 10, 2012 9:33 PM

    The Packers are a nonprofit corporation.

    The extra revenues from last season are being reinvested into the stadium. Packers owners have always supported the reinvestment of funds even if it is into the franchise preservation (rainy day) fund.

    After expansion of the stadium to the 5th or 6th largest in the NFL the Packers should be in the top 5 franchises in revenue.

    You have to admire how they always hire the best people.

  15. scrapingthefloorioforstorios says: Jul 10, 2012 10:10 PM

    as the only team that has to release financial info, it begs the question: how does the smallest market in all major sports do this so well? -without having a richy rich owner is the answer. still think wealth trickles down?

  16. thejuddstir says: Jul 10, 2012 10:29 PM

    “Team president and CEO Mark Murphy said the record earnings were because they were able to “ride the wave of rednecks willing to spend $275 for a piece of toilet paper that says packers on it,” from a championship. Murphy went on to say “we pay $1.25 per roll of toilet paper that has 250 sheets of paper (I mean stock) per roll at $275.00 per sheet. I can’t figure out why the other 31 teams aren’t making the kind of money that we are”

  17. thepdiddy says: Jul 10, 2012 10:34 PM

    For those who are unaware, Lambeau was renovated to an essentially brand new facility in the early 2000′s. This past year they have begun a expansion of the seating capacity which will make it one of the larger stadiums in the entire league. The latest renovation is actually being paid for by “donations” from loyal fans and by the Packers themselves. To imply it is old is a bit naive, unless you consider the past decade old…the main reason this can be done is the executive committee and team president simply grant all football power to a GM whose sole focus is making a desirable product. This is in contrast to other owners whose sole motivation is profit for themselves.

  18. dadindebt6 says: Jul 10, 2012 11:51 PM

    Of course the wealth trickles down! They made 43 million in profit off of 302 million of revenue. That means there was 259 million that ‘trickled’ down right away! And now the 43 million will trickle down in the form of stadium improvements and money in the bank which other people can borrow for their own capitalistic ventures. You seem to forget that when the rich spend their money, it ends up in other people’s wallets.

  19. jwzinski says: Jul 11, 2012 12:02 AM

    wow i bet the stockholders are happy. oh wait, it’s just a worthless piece of paper, those idiots…oops, i thought i was so original but just realized that 27 other people have said the exact same thing.

  20. yohochecko says: Jul 11, 2012 9:35 AM

    So if a team sees greatly declining profits for three straight years and then after the new CBA sees a massive jump in profits, admittedly aided by the stock sale, how is that an argument that the owners didn’t need the lockout?

    It sounds to me like the owners were able to reverse the trend before teams started losing money on the level that they did in the NBA

  21. fast16racer says: Jul 11, 2012 9:48 AM

    dadindebt6:
    “That 43 million is only enough to pay the top 5 or 6 players on the team for a year. So while it is a huge amount to us fans, it is probably in the middle of the entertainment industry.”

    43 million in profit means that is AFTER all expenses, including the payroll for every player on the roster.

  22. thankheavenfornumberseven says: Jul 11, 2012 12:01 PM

    How much did they make from hosting the NFC Championship game? Oh, wait…

  23. scrapingthefloorioforstorios says: Jul 11, 2012 12:29 PM

    hey, you could’ve include in the article the fact that the $63 million raised from the stock sale was for stadium improvements only, and was NOT factored into these profit numbers. the revenue here is all football related, and as far as the trickledown- rich people don’t spend money. unless it’s someone else’s.

  24. vader7176 says: Jul 11, 2012 2:52 PM

    I find it interesting that there are so many of you commenting on money that isn’t a yours. Isn’t blogging great. All of you ” if I were in charge” types get to comment like you are the next Warren Buffet. You know, like the 45 year old unemployed guy who doesn’t want rich people to have higher taxes cause soon he’ ll be out of the bar and making millions. You guys are taking fantasy fb to a new level.

  25. supersuckers3 says: Jul 12, 2012 11:14 PM

    As a proud shareholder I am very excited about these figures.

  26. supersuckers3 says: Jul 12, 2012 11:19 PM

    dadindebt6:
    “That 43 million is only enough to pay the top 5 or 6 players on the team for a year. So while it is a huge amount to us fans, it is probably in the middle of the entertainment industry.”

    Are you serious?

Leave a Reply

You must be logged in to leave a comment. Not a member? Register now!