Packers Post Net Income Of $18M For Year Ended March 31

Packers Post Net Income Of $18M, Down 29% From Year-Ago Period

The Packers for the FY ended March 31 posted net income of $18M, down 29% from last year due to “a change in accounting procedure and the exodus of coaches at the end of last year,” according to Richard Ryman of the GREEN BAY PRESS-GAZETTE. The team had $208M in total revenue, up 4% from last year. Packers Treasurer Larry Weyers said that the team “anticipates paying about” $4M this coming year in revenue sharing under the new CBA (GREEN BAY PRESS-GAZETTE, 6/18). In Milwaukee, Don Walker noted the Packers ranked seventh in NFL team revenue last year, and team officials said that they “believed it is the first time the organization has ranked in the top quartile among the 32 teams.” This is the fourth straight year the Packers have been in the top ten in terms of revenue. Select financial components follow with comparisons to last year (MILWAUKEE JOURNAL SENTINEL, 6/18).

COMPONENT	FY '06	FY '05
National TV Revenue	$87.3M	$84.2M
Home Game Net Receipts	$28.4M	$26.6M
Packer Pro Shop	$17.5M	$17.2M
Atrium Revenue	$4.7M	$5.9M
Other Marketing Revenue	$19.2M	$18M
EXPENSES	FY '06	FY '05
Stadium Operations Expenses	$6.3M	$5.4M
Player Costs	$102.9M	$98M
Team Expenses	$33.7M	$21.2M

RUNNING THE NUMBERS: SPORTSBUSINESS JOURNAL’s Daniel Kaplan reports the Packers received $102M in national league revenue, with $87M coming from TV and $15M from areas like leaguewide sponsorships, satellite radio and licensing. That means the NFL distributed nearly $3.3B to its teams. Last year the non-TV revenue amounted to $14.5M per team (SPORTSBUSINESS JOURNAL, 6/19 issue).