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UPDATE: Green Bay Packers Release Financial Data

UPDATED Wednesday, July 11, 2012 --- 6:55 a.m.

By DINESH RAMDE
Associated Press

MILWAUKEE (AP) -- The Green Bay Packers say they have posted a record $43 million in profit over the last fiscal year.

As the NFL's only public team, the Packers have to release a financial report each year. The team provided its 2011-12 numbers Tuesday.

The Packers reported records for total revenue ($302 million) and net income ($42.7 million). Team officials credit the fact that Green Bay played the season as the defending Super Bowl champs and opened the season 13-0.

Packers president Mark Murphy says it helped that labor issues were resolved just before last season's training camps kicked off, meaning fans didn't miss anything.

The revenue figures don't include the $64 million raised through a six-week stock sale around the Christmas season.

Copyright 2012. The Associated Press.

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Posted Tuesday, July 10, 2012 --- 6:30 a.m.

GREEN BAY, Wis. (AP) -- The Green Bay Packers are set to release a report showing how they did financially last season as defending Super Bowl champs.

As the NFL's only public team, the Packers release an annual report every summer. This year's report comes out Tuesday afternoon.

In the 2010-11 season the Packers finished on top, and it was reflected in their bottom line. They had $12 million in profit from operations that year, up $2.2 million from the previous year.

The team finished last season with a 15-1 record. That paid off when the team held its fifth stock sale in team history. The Packers sold more than 268,000 shares, bringing in $67 million in six weeks.

Green Bay opens its season at home Sept. 9 against San Francisco.

Copyright 2012. The Associated Press.


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