Packers' Net Profit: $5.2 Million· Page 2

shield4life
Veteran Member

15 years ago

After everyone takes there share of money, there is 5.2 net profitable.

A lot of people are making so much money in the organization including the shareholders even the owners are on one.

It's all a business plot to hide some $$$ to avoid major taxes.

Glad To Be A Packers Fan.

tonyagnese
Registered

15 years ago

#12

Packers are in a unique position in the fact that they have a GLOBAL franchise, w/ a unique history and fans w/ a vested interest in the franchise. That makes the Packer far more profitable than most teams in terms of local revenue!

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PackerTraxx
Senior Member

15 years ago

#13

I believe winning is likely the most important factor in determining revenue.

According to the article, player costs are going up twice as fast as revenue. Player cost is 2/3 of the expenses. I think that would qualify as a major concern.

"Rockmolder" wrote:

Take in mind that this is in one year in an economic crisis, though.

Over the last 10 years, revenue has gone up way more than the player's salaries.

Over the last 3 years, though, since the new CBA has been signed, player salaries have been rising faster than revenue.

That's where both sides get stuck on this one, I think.

"PackerTraxx" wrote:

Good point. However, I would think the last 3 years would weigh quite heavily because of today's business climate. Also if I remember correctly the networks don't want to pay as much for TV rights as in the past. In addition , if I understand correctly the players "pot" is linked to the revenue by a percentage. How can they expect to keep getting a higher percentage? If one wants to do that you should take the good with the bad.

Why is Jerry Kramer not in the Hall of Fame?

Porforis
Veteran Member

15 years ago

#14

I think I understand why the Owners want a new deal. I also agree that if they are going to use lack of profit as their basis for their argument, they need to open their books to the NFLPA to prove their argument.

As of now, the Owners are whining about lack of profit, but won't show the numbers to prove their argument.

"Zero2Cool" wrote:

Do privately-owned teams need to publicly release this information? The Packers need to release this information to shareholders legally. Do other teams HAVE to?

PackerTraxx
Senior Member

15 years ago

#15

No, the other teams do not have to release this info. That's why all eyes are on the Packers.

Why is Jerry Kramer not in the Hall of Fame?

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