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Pack Finances Reflect NFL Owner Concerns
As the only NFL team required to disclose its financial information to the public, the Green Bay Packers have become Exhibit A amid rising tensions between owners and players over a new collective bargaining agreement.
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Posted Thursday, July 29th, 2010 ---- 3:49 PM
GREEN BAY, Wis. (AP) -- As the only NFL team required to disclose its financial information to the public, the Green Bay Packers have become Exhibit A amid rising tensions between owners and players over a new collective bargaining agreement.
Just don't expect other teams to open up their books in an attempt to make the owners' case.
Visiting the Packers' annual shareholders meeting on Thursday, NFL commissioner Roger Goodell told reporters that the players union already has enough financial information to understand why owners think the current system doesn't work.
Speaking to shareholders at Lambeau Field, Packers president and CEO Mark Murphy reiterated that while the team remains profitable, its player costs have been rising twice as fast as revenue gains over the past four years.
(Copyright 2010 by The Associated Press. All Rights Reserved.)
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