Packers have another record-breaking revenue year

By Heather Sawaski, Local 5 News

Published 07/10 2014 05:38PM

Updated 07/10 2014 06:47PM

GREEN BAY, Wis. (WFRV) - It was another record-breaking revenue year for the Green Bay Packers. The team released its latest financial report Thursday.

In the 2014 fiscal year, the Packers brought in just over $324 million, up $8 million over last year.

"Another successful season on the field and great fan support propelled us to an all-time high in terms of revenue," said Mark Murphy, Packers President & CEO.

While the latest financial report shows a dip in both operating profits and net income, Murphy said there's good reason.

"Primarily because of timing from some of our player contracts," explained Murphy. "But also because of depreciation from some of the new facilities we brought online over the last year."

The team continues to prosper, concentrating now on its latest renovation project. $166 million for the atrium overhaul.

"We've really been able to invest in the fan experience," said Murphy.

"It's great," said Gary Waligursky, a fan from Michigan. "I'm sure everyone enjoys it. It makes the experience a lot nicer."

Murphy said they're also looking to invest around the Titletown district. Area recently razed to the west of the stadium will be used to create 400 new parking spots. The closing of K-Mart means additional parking for the upcoming season, but long term use is still up in the air.

"It's a little premature to talk about what different types of uses we can have there," added Murphy. "But the idea is trying to bring people into the community."

After adding 7,000 seats to the south end zone last season, the Packers say each home game brings in $13.5 million to the local economy. That's up from $12 million in previous years.

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