The Packers’ net income dipped 41.3 percent in the last fiscal year, according to figures disclosed by the club on Thursday.
According to the club’s website, the team’s net income was $25.3 million, compared to $43.1 million over the same 12-month period a year earlier. (Per the Milwaukee Business Journal, the club’s last fiscal year ended on March 31, 2014.)
This is the first time net income for Green Bay has dipped under $40 million in a fiscal year since 2011. Net income was $42.7 million in 2012.
Spending on players increased by $35 million in fiscal 2013-14, per Packers.com. The club signed quarterback Aaron Rodgers, outside linebacker Clay Matthews and cornerback Sam Shields to new deals in the last fiscal year, with all three players receiving at least $12.5 million in signing bonuses.
Overall, the Packers reported $324.1 million in revenue in the last fiscal year, according to the club’s site. That’s an increase of about $16 million, or 5.2 percent, over the fiscal year ending in March 2013.
More than 350,000 people own shares of the Packers, according to the club.