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The 32 NFL teams had a lucrative year, as financial disclosures from the only public NFL team make clear.
Unlike the other 31 teams, the Packers ‘financial information is made public due to the Packers’ ownership structure, and in accordance with Sports Business JournalThis year’s release says the Packers made $ 506.9 million in revenue in the fiscal year that ended March 31.
That includes $ 296 million in national revenue and $ 210.9 million in local revenue. National revenue is shared among the 32 teams, so the $ 296 million figure represents each team’s share of national revenue, most of which comes from television rights. Across the league, that would put total national revenue at about $ 9.5 billion.
Packers president and CEO Mark Murphy says the Packers ranked ninth among the 32 NFL teams in local revenue.
Packers revenue for the fiscal year increased 6.1 percent from the $ 477.9 million the team brought in the previous year. In the upcoming season, revenue numbers are likely to decline for all 32 teams, as ticket sales will decline as a result of the COVID-19 pandemic.
“Looking ahead, things are obviously going to be very different,” Murphy said. “This year, we anticipate that revenue will drop significantly, and there is a lot of uncertainty as all companies and organizations have. We believe that the organization is well positioned to resist the pandemic. “
