Packers Made $20M In Profits Last Year Despite Recession

Discussion in 'Green Bay Packers' started by SRW, Jun 21, 2009.

  1. SRW

    SRW Ex-World's Worst Site Admin

    The Green Bay Packers, the NFL's only publicly owned franchise, turned a $20.1 million operating profit last year, according to team officials. That's down $19.4 million from the previous year - but the numbers remain black, not red, and that's more than can be said for many businesses these days. "We have been able to weather it OK," Packers treasurer Larry Weyers said. "We're still a strong institution and we still have the strength to support football operations and maintain the quality of our football team." Future economic challenges have team officials even more concerned as they see player costs rising faster than local revenues, a trend that makes Packers brass likely to join other NFL owners in taking a firm stance against the players' union in upcoming collective bargaining negotiations. "It's a real concern that our player costs continue to grow at a rate much higher than our revenue's growing," Packers president and chief executive Mark Murphy said. "It's not sustainable, and it's the reason we opted out of the collective bargaining agreement."

    Source: Associated Press
  2. ollysj

    ollysj iKraut

    In hate to say it, but I have to give TT credit for this. He didn't throw money at medicore players. Unfortuneatly he didn't spent it for good players too
  3. n1gbpackfan

    n1gbpackfan Title Town USA

    That's because TT is a tight butt.
  4. mmehring

    mmehring Cap'n Stabbin

    lol i can always count on you for a good laugh, pack fan. :icon_cheesygrin:
  5. hermhater

    hermhater Guest

    Also got to give credit to some of the most loyal fans in the NFL...
  6. ollysj

    ollysj iKraut

    This of course too. It's a huge advantage, if you have sold out your stadiums for decades now, but other teams have this too and GMs wasting big money on mediocre players.

    Anyway, "Green Bay Packers" is a product that sells....