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WAR CHEST NEARS $60M AS PACKERS NET RECORD INCOME FOR '97
Published June 8, 1998
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).