Feb. 6, 2013; Green Bay, WI, USA; Green Bay Packers chief executive officer Mark Murphy speaks at the Donald Driver retirement event held in the Lambeau Field Atrium in Green Bay, Wisconsin. Mandatory Credit: Mary Langenfeld-USA TODAY Sports

Green Bay Packers Experience Record Profits

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The Green Bay Packers announced the details of another record breaking financial year for the club on Tuesday.

According to the Associated Press:

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.”

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Tags: Green Bay Packers Mark Murphy

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