Packers Announce Record Profits

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Mark Murphy

The Green Bay Packers may not have had too swell of a year on the field in 2011, but they had a pretty nice one off it. The Packers announced record profits on Tuesday.

The biggest jump came in net income, which rose to $42.7 million for 2011-12, a jump of 150 percent. Total revenue came in at $302 million, up 6.9 percent.

The revenue pie breaks down like this. National revenue, which comes from things like the NFL’s TV deals, was $171.6 million and local revenue was $130.4 million. Local revenue comes primarily from activities at Lambeau Field and local media deals.

Packers president Mark Murphy suggested the excitement surrounding the team’s 15-1 regular season drove the increases.

The Packers also showed a decrease in expenses, which dropped four percent to $259 million. The decrease can be attributed, at least in part, to the fact the Packers didn’t play four road playoff games like they did following the 2010 season.

Perhaps most impressive is the $64 million the Packers raised by selling overpriced, worthless stock wasn’t factored into the report.

The Green Bay Packers thank you.

About The Author

Monty McMahon is one of the founders of Total Packers. He is probably the most famous graduate of UW-Oshkosh next to Jim Gantner.

9 Comments on "Packers Announce Record Profits"

  1. Phillthy

    Fuck off that stocks got worth. May not be financially but I sure like that framed piece of paper with with my name on it neath a Green Bay Packers header.

  2. iltarion

    Not too swell of a year in 2011?? WHUH??

    Didn’t the Packers go nearly the entire year without losing a single game?

    • geopack

      Indeed. But really, all that increased income resulted more from the SB win the year before. After not winning the SB last year I would not expect such another bump this year.

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