Overview
- The team, which released its annual financial report July 24, posted a $1.1 million operating loss while reporting franchise-high operating revenue of about $753 million.
- Player costs rose by roughly $130 million in the year covered by the report because signing bonuses and other unamortized contract charges were accelerated after trades and releases, including the Micah Parsons trade.
- Non-operating investment gains, including the NFL’s 10% equity stake in ESPN that flowed through each club, produced $133.6 million and turned the operating shortfall into $132.5 million in net income.
- CEO Ed Policy said public ownership prevents the Packers from selling minority stakes to raise capital, noted the corporate reserve rose to $701 million, and outlined plans to boost local revenue through events, sponsorships and facility deals while keeping Lambeau Field’s name intact.
- The report highlights a structural funding gap for Green Bay compared with privately owned teams and sets the stage for discussion at the shareholders meeting scheduled for July 27 about how to finance future facility and competitive investments.