Packers earn record profits as defending Super Bowl champs
Team credits Super Bowl for profits
GREEN BAY, Wis. — The Green Bay Packers said they have posted a record $43 million in profit over the last fiscal year.
As the NFL’s only public team, the Packers have to release a financial report each year. The team provided its 2011-12 numbers Tuesday.
The Packers reported records for total revenue at $302 million and net income at $42.7 million. Team officials credited the fact that Green Bay played the season as the defending Super Bowl champs and opened the season 13-0.
Packers president Mark Murphy said it helped that labor issues were resolved just before last season’s training camps kicked off, meaning fans didn’t miss anything.
The revenue figures do not include the $64 million raised through a six-week stock sale around the Christmas season.
Green Bay opens its season at home Sept. 9 against San Francisco.