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Packers enjoy record revenues, profits

Cash

The NFL keeps the financial records of 31 franchises pressed closely against its platinum-plated, diamond-encrusted vest.  For one team, the publicly-held Packers, the nature of the ownership structure requires all financial information to be released to the masses.

The masses have now learned that the Packers have amassed record revenues and profits in their most recently-complated fiscal year.

Via the Associated Press, CEO Mark Murphy told reporters that the franchise generated $308.1 million in revenue, a two-percent increase over 2012′s high-water mark of $302 million.  Profits came in at $54.3 million, a 26.4-percent increase over the $43 million realized in 2012.

The growth comes despite a 1.7-percent drop in unshared local revenue, such as the home team’s share of ticket prices, local media deals, Pro Shop sales, and Lambeau Field tours.

The disparity suggests that league-wide shared revenues remain strong to quite strong, and that every other franchise has likely made a sizable profit in recent months, thanks to the ongoing growth of the game and a favorable labor deal that the owners are trying not to call favorable — and that union leadership is trying not to call unfavorable.

The numbers and reasonable assumptions point to another reality:  The value of NFL franchises continues to increase along with the profits and revenues.

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64 Responses to “Packers enjoy record revenues, profits”
  1. trublazer says: Jul 16, 2013 6:27 PM

    Breaking Bad!!!

  2. tooz72 says: Jul 16, 2013 6:27 PM

    class organization with good management and great fans and a winning tradition

  3. tangledupinblue12 says: Jul 16, 2013 6:28 PM

    Oh man, give whoever used the Breaking Bad photo a raise.

    Jesse, we have to cook.

  4. tokyosandblaster says: Jul 16, 2013 6:29 PM

    I’m glad Wisconsin has an amazing football team.

    Could you imagine being from somewhere that doesn’t have a professions team, like the Dakotas or Minnesota?

  5. onbucky96 says: Jul 16, 2013 6:33 PM

    Expect a massive drop in profits next yr once Rodgers, Mathews, etc show up on the books.

  6. edenprairieballer says: Jul 16, 2013 6:34 PM

    I hear they are giving Packer stock holders a dividend in the form of a Mike Holmgren commemorative beer coaster.

  7. skins21 says: Jul 16, 2013 6:41 PM

    And yet, packers fans will still donate to the team…errr…buy stock with their hard earned money.

  8. packfaninchitown says: Jul 16, 2013 6:43 PM

    edenprairieballer says:

    I hear they are giving Packer stock holders a dividend in the form of a Mike Holmgren commemorative beer coaster.
    _________________________________
    As a shareholder I’d take one in a heartbeat, it would go well with my Mike Sherman playing cards.

  9. roadbiscuit says: Jul 16, 2013 6:43 PM

    >Expect a massive drop in profits next yr once Rodgers, Mathews, etc show up on the books.

    Yeah, they’ll probably drop back to around 2012′s paltry results. Math is hard for you?

  10. rpiotr01 says: Jul 16, 2013 6:44 PM

    @edenprairieballer

    Honestly? I’ll take it.

  11. blancodiablo says: Jul 16, 2013 6:44 PM

    Thank you Milwaukee!

  12. entitledpackersfan says: Jul 16, 2013 6:47 PM

    Great! So that means I will finally receive a check for dividends right? I have 23 shares so I expect to see a large check. When’s it coming? WOOHOO!!!

  13. FlashPatterson says: Jul 16, 2013 6:47 PM

    The Packers aren’t a good football team.

  14. 6ball says: Jul 16, 2013 6:51 PM

    .

    New stadiums mean great teams, right?

    .

  15. billh1947 says: Jul 16, 2013 6:52 PM

    “Expect a massive drop in profits next yr once Rodgers, Mathews, etc show up on the books”.
    Yup,you are right,dont expect them to sign any free agents next year as they just wont have the money to pay them,hopefully they do have enough cash after the massive drop to at least sign their own free agents.they sure will go from riches to rags.

  16. gbmickey says: Jul 16, 2013 6:58 PM

    To the Einstein out there do you realize the Packers spend near the cap each year, so how does the Rodgers and Matthews signing make any difference?

  17. justintuckrule says: Jul 16, 2013 7:01 PM

    Next time you post a photo from the end of season 4, can you please give us a *spoiler alert*. I’m catching up on Netflix and haven’t gotten to this part yet. In fact, I’m still where it’s questionable whether he….well, I’ll do unto others right here. Thanks!

  18. jda129 says: Jul 16, 2013 7:05 PM

    I wonder how many Packers “shares” are framed and hanging on a wall next to a singing fish? Silly Packers fans.

  19. trollaikman8 says: Jul 16, 2013 7:08 PM

    B-B-Breakfast

    They would give up all of that profit for one better officiated game in Seattle.

  20. gdeli says: Jul 16, 2013 7:11 PM

    profit of 1/6 scares me fo some reason. It seems 54 mil should be more. tv revenue, jersey sales, etc. idk…

  21. mackcarrington says: Jul 16, 2013 7:15 PM

    It makes sense that they would have record profits. They don’t have the ridiculous debt service of paying for a new stadium like the Cowboys for example. And they don’t have an individual owner skimming profits and putting them in his or his family’s pockets.

  22. vikingsrulez69 says: Jul 16, 2013 7:16 PM

    That high school field won’t look so great when our new palace is completed!!!

  23. glac1 says: Jul 16, 2013 7:17 PM

    Well run organization. The bottom line shows it… and their record over the last 20 years shows it!

  24. geetee52 says: Jul 16, 2013 7:18 PM

    Hmmm…and no egomaniac owner…imagine that.

    Shouldn’t they have someone demanding tax dollars for a new stadium? Isn’t it discriminating against the Swells that they have to eat sausages in the stands instead of pate in a suite?

    Wouldn’t the Packer ‘experience’ be enhanced by a microphone-grabbing billionaire that craves attention and fame?

    Come on Packer Nation…join the 21st century and demand a King to make things ‘better’.

  25. firestarter0728 says: Jul 16, 2013 7:24 PM

    This really isn’t a surprise at all. The Packers know how to run an organization, and their fan base transcends state and even national boundaries. I shudder to think what it would be like to support a team that will forever be second class, such as the one located just west of Wisconsin.

  26. kenshalek says: Jul 16, 2013 7:26 PM

    Great offense!!!…SOFT DEFENSE!!!!SOFT, SOFT SOFT.

  27. jtwp61 says: Jul 16, 2013 7:26 PM

    tokyosandblaster says: Jul 16, 2013 6:29 PM

    I’m glad Wisconsin has an amazing football team.

    Could you imagine being from somewhere that doesn’t have a professions team, like the Dakotas or Minnesota?

    —————————————————-

    Good one… I am sure all the rest of you’re 5th grade classmates think you are hilarious. And people wonder why these bonehead packer fans line up to buy “stock”. How can someone as witty as tokyosandblaster be fooled?

  28. Carl Gerbschmidt says: Jul 16, 2013 7:32 PM

    @skins21

    The difference is we do so willingly. We buy stock because we want to, and when public tax dollars are needed for a stadium renovation, we put it to a vote and the taxpayers get to decide if they want to pay. Unlike minny, where the governor and the legislature happily give up $750M of the taxpayers $$$ to a billionaire without allowing the taxpayers to say whether they think that’s a good idea. And this is all so you can wathc the viks not win the Super Bowl.

  29. bobhk says: Jul 16, 2013 7:32 PM

    @packfaninchitown says:
    Jul 16, 2013 6:43 PM
    edenprairieballer says:

    I hear they are giving Packer stock holders a dividend in the form of a Mike Holmgren commemorative beer coaster.
    _________________________________
    As a shareholder I’d take one in a heartbeat, it would go well with my Mike Sherman playing cards.
    —————
    As a shareholder do you get dividend? Right to sell the shares in stock market? Voting rights?

    Just checking.

  30. GenXJay says: Jul 16, 2013 7:34 PM

    hey! cheeseheads!
    I got some pet rocks in the back store room.

  31. clemenza58 says: Jul 16, 2013 7:37 PM

    They are literally printing money up there with their “stock” offerings. Good for the Packers. They’ve actually convinced their fans that they somehow “own” their team. Just goes to show you how gullible the people of Wisconsin are.

  32. jtwp61 says: Jul 16, 2013 7:49 PM

    Carl Gerbschmidt says: Jul 16, 2013 7:32 PM

    @skins21

    The difference is we do so willingly. We buy stock because we want to, and when public tax dollars are needed for a stadium renovation, we put it to a vote and the taxpayers get to decide if they want to pay. Unlike minny, where the governor and the legislature happily give up $750M of the taxpayers $$$ to a billionaire without allowing the taxpayers to say whether they think that’s a good idea. And this is all so you can wathc the viks not win the Super Bowl.
    ——————————————————
    The real difference is that the gullible packer fans think they are legit owners, Minnesotans would never fall for a scheme that allows you to buy a worthless slip of paper with you’re teams name on it and call it “stock”. I mean who wants a $250 slip of worthless paper that is guaranteed to never make you a dime.

  33. allday28mvpmvp says: Jul 16, 2013 7:53 PM

    Of course they had record profits. Their fans buy fake stock for $200 a share. Stock that has NO CASH VALUE. The dumbest fans in sports have made the Packers the richest team in football.

  34. trublazer says: Jul 16, 2013 7:56 PM

    justintuckrule- that’s actually part of the 1st half of season 5 and NOT the end.. the end will make u..well

  35. immafubared says: Jul 16, 2013 8:01 PM

    Bull with a big b. They do not have deep pockets and are forced to play money ball. If not why didn’t they sign free agents who they could have used

  36. gb4mn0 says: Jul 16, 2013 8:03 PM

    All you contemptibly jealous toads from other teams, especially the purple pukes from Minnysoda, should be grateful for the 13 time Champions level of profitability. Due to revenue sharing, the Packers have undoubtedly helped keep other teams above water. Especially the inept vikequeefs who are now copycatting the Packers management practices.

  37. allday28mvpmvp says: Jul 16, 2013 8:09 PM

    immafubared says:
    Jul 16, 2013 8:01 PM
    Bull with a big b. They do not have deep pockets and are forced to play money ball. If not why didn’t they sign free agents who they could have used

    —–

    See theres this thing called a salary cap. When you pay your QB over $25 mill a season, there isn’t much left for good role players. That’s why the PAckers have one of the sorriest defenses in football, and an O-line that is held together with Band-aids

  38. notoriousjebus says: Jul 16, 2013 8:09 PM

    $50 million isn’t to shabby. I wonder what Jerry Jones and Dan Snyder are pulling in with those new stadiums loaded with luxury boxes, probably a good $10-$15 million more. Not a bad return on an essentially risk free investment, since the TV contracts are locked in for the foreseeable future and the revenue sharing is so strong. It’s a good thing the owners chiseled the players so hard on the collective bargaining agreement. Could you imagine if the owners were only able to make $40 million dollars a year, it would be a real tragedy. I mean it would take them 25 years instead of 20 years to ring $1 billion out of their team. Damn those greedy players.

  39. filthymcnasty1 says: Jul 16, 2013 8:11 PM

    That’s the kind of financial success you expect a team that has won 13 championships to have.

  40. seanleemvp says: Jul 16, 2013 8:13 PM

    I’m tired of hearing how “great” the packer fans and stadium is. I’ve been to about 10 different NFL venues and never had a worse experience than I did at Lambeau.

    My Lationo friend got racial slurs thrown his way after Green bay had WON the game. Some packer fans even tried fighting his family who were fellow packer fans, after the game. The seating is a joke. Bleacher seats with no padding. It sure didn’t feel majestic to me.
    The fans in Cinci, Minnesota, Dallas, San Diego, Arizona were all much more accepting of outsiders. Not only that but they were more educated on the NFl’s 3q other teams unlike the general Green bay fan I experienced.

  41. jrmbadger says: Jul 16, 2013 8:14 PM

    For all you clueless Bear and Viking fans, the stock that you ridicule comes with the right to vote for the Board of directors. The board appoints the president who appoints the GM

    So besides writing any angry letter, what control do you have over your team?

  42. bobhk says: Jul 16, 2013 8:25 PM

    @jrmbadger says:
    Jul 16, 2013 8:14 PM
    For all you clueless Bear and Viking fans, the stock that you ridicule comes with the right to vote for the Board of directors. The board appoints the president who appoints the GM

    So besides writing any angry letter, what control do you have over your team?
    ————-
    Not to diss your team but you know that voting with your dollar (to go to a game or not, buy merchandise or not, etc) is just as powerful as voting with a ballot, especially when it comes to a product in the market.

  43. gbmickey says: Jul 16, 2013 8:27 PM

    Wow the jealousy continues to emanate on every Packer article from the poor Viking fans. It must be tough to continue living in the shadow of the Packers. Constant futility every season after all the bravado during the offseason in that you crown yourselves paper champions must make you feel very empty and unfullfilled when the season is actually played You would think you would learn after 3 years.

  44. 7ransponder says: Jul 16, 2013 8:49 PM

    jrmbadger says:
    Jul 16, 2013 8:14 PM
    For all you clueless Bear and Viking fans, the stock that you ridicule comes with the right to vote for the Board of directors. The board appoints the president who appoints the GM

    So besides writing any angry letter, what control do you have over your team?

    ————————

    Well let’s see.

    Over the last few months I’ve played an e-pull tab game for a bit to help pay for the new stadium. This week I bought a new jersey (that lacks beer and kraut stains, I can show it to you guys if you want since I doubt you know what that looks like) that supports my team. And last but not least, I go to games.

    How much do you really know about operating a company such that you are qualified to vote on a member of the board of directors? Is your $250 vote informed or do you do it “for fun”? Without looking on the internet, can you tell us the names of the people on the ballot last time?

    My point is, my money goes just as far as your precious “vote”.

    Honestly, which team rakes in the most money shouldn’t be a competition – when NFL teams succeed, we all win because we get to keep watching this wonderful sport. Get off your high horses and celebrate football at the peak of popularity as it is enjoying now.

  45. Carl Gerbschmidt says: Jul 16, 2013 8:59 PM

    Hey vik fans, remember when the roof on the metrodump collapsed and you had to play a “home” game in Detroit? NFL the fans were so bored with the product on the field that they were chanting “here we go lions” and doing the wave? Repeatedly? That was awesome!

  46. Great Caesar's Ghost says: Jul 16, 2013 9:00 PM

    So the NFL’s only nonprofit team enjoyed record profits?

  47. boyshole25 says: Jul 16, 2013 9:03 PM

    I’m goin to a game week 2 in Green Bay my seat was 310 dollars! That’s ridiculous man just pathetic

  48. andreweac says: Jul 16, 2013 9:09 PM

    So why are we giving corporate welfare to billionaires to build stadiums for extremely profitable companies, especially given the increase in club worth?

  49. iwilltrollyoubad says: Jul 16, 2013 9:13 PM

    I heard Brett Favre is willing to pay you $25 next Friday if you borrow him $20 today.

  50. Frazier28/7 says: Jul 16, 2013 9:13 PM

    Don’t forget about record ignorance that their defense somehow is improved after giving up 579 yards to the 49ers in one game and 500+ yrds rushing to Adrian Peterson in 2+ games.

    Yes, they improved by drafting one DE and keeping the same defensive coordinator too… O……K!

  51. hatesycophants says: Jul 16, 2013 9:16 PM

    I’m sorry you had a terrible time in our once great state. Packers fans are among the least educated fans in the league. Come to Madison sometime for a Badger game. You’ll have one of the best experiences in all of sports.

    As to your Latino friend, “brown” people are only allowed in Brown county to work. Get out before dark!

  52. bobnelsonjr says: Jul 16, 2013 10:21 PM

    Because the Packers are a public corporation with REAL STOCK they must disclose their financial information.

    Anyone who claims they just sell pieces of paper and call it stock does not know what they are slandering about.

    As for the 54 million “profit” stockholders have agreed to forgo dividends so the team may spend the money on upgrading facilities, hiring the best coaches and scouts, and strengthening the team’s natural competitive advantages.

    Any team with a private owner is just pulling money out of the franchise unlike the Packers.

  53. shelovesfootball says: Jul 16, 2013 10:23 PM

    OK, I’m going to try and keep it simple for all of you. I bought, with my hard earned money 1 share of Packers stock in 2011 valued at $250.00 knowing I’d get nothing extra, ever for it, except the voting privileges for the Board of Directors. I did it because I understood the franchise wanted an expansion on the south side of the stadium. I’d been to Lambeau maybe 4 times in my life at that point. Great stadium, great experience! No big deal to me, no taxpayer money involved. My certificate is framed, hanging on the wall where I work. My husband is a Vikings fan living in Wisconsin. He wanted no part of it, understandably. Now his team is into taxpayer money for, what $398,000,00.00 See the difference? Now he thinks I’m not as “stupid” as he thought I was in 2011. His family and friends in the city of Minneapolis are taxed to death for Target Field (a gorgeous ball park by the way), TCF the Bank (it’s the Goo-fers) and soon to be whomever Zigy can sell the naming rights to. So, please people just stop the talk about how worthless the stock is. It’s priceless! You need to be mad at anybody but Packers shareholders!

  54. brewcrewfan54 says: Jul 16, 2013 10:24 PM

    I own Packer stock. I also bought my dad stock as a Christmas present. Is it worthless? Yeah it pretty much is but its something fans of no other American sports team has. And at least instead of sticking taxpayers with the bill for stadium renovations they stuck it to willing participants like me.

  55. packergalmke says: Jul 17, 2013 1:01 AM

    A lot of you diss our Packer Stock but I look at it this way. I pay $250 for a share of the Packers and receive a stock certificate. You spend $250 on a jersey. I frame my certificate iin my Packer shrine room. You might frame your jersey, especially if it’s signed or game authentic. You probably hang your jersey in your team shrine. So far we’re even. So I don’t understand the diss. On the other hand, I am invited to Lambeau Field every year for the shareholder’s meeting. I get to vote on the board of directors. I get a copy of the financial records. Then I get to go into the Packer’s locker room. When I’m done checking out the locker room, I get to go visit the Packer Hall of Fame, buy some swag at the Pro Shop, check out the new addition to the stadium, and finally grab a bite at Curley’s Pub. Not so bad for a “worthless” piece of paper. You can keep your jersey.

  56. viachicago22 says: Jul 17, 2013 2:38 AM

    Packer fans and their silly pieces of paper. Hahaha! Beer! Cheese! Expensive paper!

  57. jrmbadger says: Jul 17, 2013 8:36 AM

    Viking fans should know better than to think that “voting with your dollars” does anything except cause the team to threaten to leave, or to leave.

    What you are missing is that sports (especially the NFL) isn’t a traditional supply and demand market because for every city that “votes with their dollars,” by refusing to buy merchandise or tickets, there is another city that will “vote with their dollars” by promising to purchase said merchandise and tickets if that team will relocate there. The team then “votes with their feet” and leaves.

    You have plenty of examples in the state of Minnesota – The North Stars, The Lakers, and the Vikings (who keep threatening to leave).

    See, I get to have my say over the team AND I don’t have to endure threats to do it!

  58. 7ransponder says: Jul 17, 2013 1:14 PM

    @bobnelsonjr – you do realize that the Packers are subject to the same profit sharing rules every team in the NFL is, right? This news is as good for every team as it is for the Packers.

  59. tokyosandblaster says: Jul 17, 2013 2:19 PM

    I always see losers saying packers fans are uneducated regarding the NFL.

    It’s so sad that your bountiful jealousy makes you say such crazy things.

    Vikings fans think divisional crowns from the 80s are more important than Super Bowl wins.

    Need I say more?

  60. cospgsmadman says: Jul 17, 2013 3:11 PM

    Not a packers fan but they should lower ticket prices for the “owners”

  61. derklempner says: Jul 18, 2013 1:40 AM

    jtwp61 says: “Good one… I am sure all the rest of you’re 5th grade classmates think you are hilarious.”

    Jealous and angry 2nd graders like you are a delight to the 5th graders. At least the 5th graders know the difference between “you’re” and “your”.

  62. stellarperformance says: Jul 18, 2013 7:31 PM

    For the love of God people, give it up on the ridicule of the stock. It’s no different than a personalized license plate or a jersey. In fact, it’s better….because it directly helps out our team. No other team has this advantage, and that is a good thing and the reason for the insults and expressed jealousies. If the Packers said they needed money to stay competitive, I would ask “Where do I send the check?” That’s the difference between being the acknowledged most knowledgeable fan base in the league, and the rest of you pretenders.

  63. caseymasterpiece says: Jul 19, 2013 7:43 AM

    seanleemvp says:
    The seating is a joke. Bleacher seats with no padding. It sure didn’t feel majestic to me.
    The fans in Cinci, Minnesota, Dallas, San Diego, Arizona were all much more accepting of outsiders. Not only that but they were more educated on the NFl’s 3q other teams unlike the general Green bay fan I experienced.

    This is hilarious…A Minnesota fan talking trash about our stadium and comparing it to the Bengals and Vikings venues?

    Minnesota fans show their love for their team by not buying playoff tickets, threatening blackouts, and wearing wigs.

    Stick to what your state really knows, hockey and baseball. Leave the Lombardi trophy to the teams that actually know what they’re doing. You couldn’t get it done last century, here’s to your chances in this one.

  64. thejohnsmith1122 says: Jul 23, 2013 1:59 PM

    The real difference is that the gullible packer fans think they are legit owners, Minnesotans would never fall for a scheme that allows you to buy a worthless slip of paper with you’re teams name on it and call it “stock”. I mean who wants a $250 slip of worthless paper that is guaranteed to never make you a dime.

    ———————————

    LOL! I’d rather have a piece of paper saying I “own” the Packers than a purple cloth with Ponder’s name on it, which will get thrown out in the next couple years anyways. You probably spent just as much on that cloth as I did on my Packer stock too, unless your one of those cheap Minnesotans that buy knockoffs from overseas.

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