GREEN BAY, Wis. (WFRV) – The Green Bay Packers have released their annual financials and President and CEO Mark Murphy said the storyline is clear.
“This year is a return to normalcy. I think for all of us it was nice.”
The operating profit this year was $77.7 million, which was a turnaround from the $38.8 million loss in the season of 2020. Murphy says the better comparison is before the pandemic restrictions when two years ago, the profit was $73 million.
According to the Packers, the largest shift was on the local revenue side, with an increase of $170 million as fans came back to games in 2021.
Murphy also believes pent-up demand during COVID-19 restrictions lead to a record year when it came to merchandise sales.
During a media presentation of the numbers, Murphy acknowledged that re-working contracts also played a key role when it came to team finances.
“Wet did end up reworking and renegotiating a lot of player contracts quite honestly,” Murphy said. “We would not have done some of the things we did given the pandemic and the financial situation.”
You can read the full report here.