Packers ride Super Bowl defense to record profits
MILWAUKEE (AP) — The Green Bay Packers say 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 ($302 million) and net income ($42.7 million). Team officials credit the fact that Green Bay played the season as the defending Super Bowl champs and opened the season 13-0.
Packers president Mark Murphy says 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 don’t include the $64 million raised through a six-week stock sale around the Christmas season.