Forbes – Packers Worth $1 Billion
Forbes released their annual valuation of NFL teams on Friday. The Packers ranked 16th, with a total valuation of just over $1 billion, which isn’t bad for a small-market franchise. Dallas came in first at $1.6 billion.
The Packers valuation is a 10 percent increase over last year, although analysts predict the team will take a hit in merchandising revenue this year due to the lack of some guy who wore #4.
But the bottom line in the post-Brett Favre era could get a bit smaller as a result of lower merchandise sales. Number four jerseys were a hot commodity at the team’s store, helping to push marketing revenue up 23% last year, to $50 million.
It looks like the Minnesota Vikings will not be getting a new stadium any time soon unless team owner Zigi Wilf is willing to forgo large taxpayer subsidies. In April the state Senate turned down a proposal for a $2 million study on how to replace the Metrodome with a $954 million stadium 75% funded by taxpayers.
So, you’re telling me that Minnesotans are a bunch of poor deadbeats that talk a big game, but can’t back it up with any substance?
Boy, never saw that coming.
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Monty McMahon is one of the founders of Total Packers. He is probably the most famous graduate of UW-Oshkosh next to Jim Gantner.