Packers' finances strong as ever

The Green Bay Packers will report to shareholders in late July a total revenue of about $200 million, an 11.7 percent increase over the previous year, according to the Green Bay Press-Gazette. The Packers recently released financial figures to the newspaper.

For the most part, the Packers' have a rosy financial picture. Green Bay ranked 10th in the 32-team league in revenue for the third straight fiscal year and net income was a record $25.4 million, a 10.9 percent increase over the previous fiscal year.

The renovated Lambeau Field and it's Atrium, and the success the team has had on the field over the past 13 seasons has led to the improvement in finances.

Highlights of Green Bay's finances include:

Of the $200 million in total revenue, $89.2 million was locally generated revenue, up 12.6 percent, and $84.2 million was from the national television contract.

The Packers Pro Shop took in a record $17.2 million, $1.8 million more than the previous year.

Team assets increased $25 million to $269.5 million, including cash and investments of $168.5 million.

The Lambeau Field Atrium, which completed its first full year in operation, provided $5.9 million in income, a $2.8 million increase. The Atrium hosted 1,700 events during the year, from large fund-raisers to companies renting a single meeting room.

The Packers, the only publicly owned team in the National Football League, will meet with shareholders on July 27 at the Resch Center in Green Bay. The organization has nearly 111,000 shareholders, though, about 2,000 have attended the annual meeting in recent years.

The organization will be holding its breath over the next couple of years as the league and NFL players' union negotiate a new collective bargaining agreement. The player salary-cap agreement ends after the 2006 season and the current collective-bargaining agreement ends at the end of 2007.


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