This is a familiar story. The Green Bay Packers release their annual report and the Green Bay Packers report record revenue.
This year is no different.
The Packers reported a record $375 million in revenue, up 16 percent from last year.
Both local and national revenue took a jump.
National revenue, which is revenue shared between all teams, rose 21 percent to $226 million. A large portion of that number comes from the league’s television deal.
Local revenue increased 9 percent to $149 million.
Packers president Mark Murphy credited the team’s expanded Pro Shop as being responsible for more than half of that increase.
You’ve obviously been buying a lot of gear.
Overall, the Packers reported a $29 million net income for the fiscal year.
In the current fiscal year, we expect the Packers will increase local revenue even more. They have a new restaurant scheduled to open inside Lambeau Field this summer and they’re beginning to develop the land surrounding the stadium, which they’ve been buying up over the past few years.
Well yeah okay, I bought a hat. It was for the little guy though. I’m getting married or would have probably bought more, snuck some nice GB things on the registry though.