The Green Bay Packers announced the details of another record breaking financial year for the club on Tuesday.
Team President and CEO Mark Murphy told reporters the Packersgenerated a record $308.1 million in revenue, up 2 percent from 2012’s record $302 million.
”Another strong year on the field,” Murphy said. ”Fourth year in a row to be in the playoffs, won two straight NFC North (Division) championships. That helps our finances.”
That translated into profits for the club. The Packers arcked in a record $54.3 million in profits. A 26.4% increase from the previous year’s $43 million in profits.
It also is a net income record of $43.1 million, up 1% from 42.7% last year. And if profits are going up and expenses are going down that math works out for profits.
Expenses went from $259 million to $254 million, a 2% decrease.
”We’re still well above what we’d consider normal or expected revenue in pro shop sales, (stadium) tours and Hall of Fame visits,” Murphy said. ”It’s just really down from all-time highs.”