SBD/8/Franchises

WAR CHEST NEARS $60M AS PACKERS NET RECORD INCOME FOR '97

          The Packers reported net income of $6.718M for FY '97,
     "establishing a corporation record for the third straight
     year," according to Bob McGinn of the MILWAUKEE JOURNAL
     SENTINEL.  The team now has a "war chest" of $51.9M --
     "almost three times" what their cash reserves were in '94,
     "before the team's on-field and revenue-producing
     renaissance kicked into high gear."  The team's annual
     meeting is today at Lambeau Field (JOURNAL SENTINEL, 6/7).
          WORTH THE WAIT: McGinn reported that the waiting list
     for grandstand tickets at Lambeau Field "has exploded" from
     15,000 in August '94 to 31,600 in April '97 to 44,000 last
     month.  The Packers also have waiting lists of 2,000 for
     club seats, 486 for the three-game "Gold" package among
     former Milwaukee customers, and 313 for private boxes.  The
     Packers, who received $20,000 for 88 of their boxes, $24,000
     for 84 boxes and $30,000 for 18 boxes, "haven't had a box
     change hands in five years."  Eight of the 198 boxes are not
     available for public lease (JOURNAL SENTINEL, 6/7).

Return to top

Related Topics:

Franchises, Green Bay Packers

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug