Green Bay braces for up to $160 million in losses this year

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The Packers are doing well this year. The city in which they play their games this year won’t be.

According to the Green Bay Press-Gazette, via Sports Business Daily, the city where the Packers play their home games could lose up to $160 million based on the closure of Lambeau Field from the middle of March until June, the prohibition on fan attendance at training camp, the cancellation of the preseason, and the dramatically-reduced capacity (if any) at games.

Green Bay will see, per the report, roughly 200,000 fewer visitors in July and August.

Reduced attendance and revenue surely will be a dynamic in every NFL city, but no city depends on the local football team more than Green Bay. With or without games in 2020, significant financial damage will be done. The only hope is that it will be a one-year-only dynamic.

12 responses to “Green Bay braces for up to $160 million in losses this year

  1. With the amount of money they bring in every year this shouldn’t be a problem provided the politicians haven’t spent every cent of it. We are talking about politicians though.

  2. Its awful. So many families out of work. Hotels, restaurants, entertainment businesses. Exactly why we, as Americans, have the responsibility and duty to fight through this virus for our fellow americans and get the economy back on full steam ahead.

    Kuddos to all of the workers (athletes, mills, restaurants, etc) who are back at work fighting through this virus to keep the economy’s head above water. Now if we could all do the same, familes wouldnt be out of work.

  3. Is it actual losses? Or reduced revenue?

    If a team makes lets say $100 million a year in profit, do they make only $20 million in profit this year?
    Or do they actually suffer $160MM in losses?

  4. Tough for GB but maybe a boom for the hundreds of local communities that normally lose out on this revenue. Family X, Y & Z have only so many dollars do dedicate to entertainment, they will look elsewhere now and hopefully support their neighbors through these hard times

  5. Tough for GB but maybe a boom for the hundreds of local communities that normally lose out on this revenue.
    ——
    Those local communities are losing out on the tourist dollars as well. Like the article said, GB will lose 200k visitors. That’s not local money that will be spent elsewhere, it’s the all-important out of town money.

  6. This is why the Packers will keep Lambeau open and endanger their fans. They can not afford not to

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