Pandemic causes Packers’ revenues to plummet by nearly 27%
GREEN BAY, Wis. (AP) — Playing home games without spectators because of the pandemic caused the Green Bay Packers’ operating revenues to drop nearly 27% during the most recent fiscal year.
The Packers reported $409.8 million in expenses and $371.1 million in revenues. That’s the first time since 2000 the team spent more money than it brought in. The team had a record $506.9 million in revenue a year earlier.
Green Bay did not have paying spectators at Lambeau Field until the playoffs, when it had a limited crowd at two games. With full crowds expected this season, the Packers expect revenue to return to pre-pandemic levels.
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