GREEN BAY, Wisconsin – The Green Bay Packers reported a profit of just $ 724,000 in the last fiscal year. These included the second season in a row without a playoff appearance, a major contract extension for quarterback Aaron Rodgers and the change of head coach Mike McCarthy to Matt LaFleur. [Http://en.wikipedia.org/wiki/Green Bay] Green Bay's profit for the year ended March 31, 2008 was 97.9%, down from $ 34.1 million in the fiscal year ended March 2018, and more than 99% from its $ 75 million record in the prior fiscal year ,
] "From a financial perspective, it was a unique year for the Packers," said team president Mark Murphy on Friday.
Expenditures increased from $ 420.9 million to $ 477.2 million for several free agents: linebackers Za & # 39; Darius Smith and Preston Smith, security Adrian Amos and security guard Billy Turner.
"We were a bit more aggressive than in a few years," Murphy said.
] While total sales in local sales increased 5.1% to $ 477.9 million and improved only by 2.3%. This has suffered from the defeats that impacted visits to the Pro Shop and the visit to Lambeau Field and the Packers Hall of Fame to the Super Bowl, which always helps, "said Murphy." We have a pricing policy for season tickets. We just want to be just below the league average. We do not want everything to be on the backs of our season ticket holders. "
NFL collective agreement expired After the 2020 season expired, the team has a $ 397 million reserve fund for companies.
The plan was that we had enough money to cover spending for a year. I think we're in very good shape with that. "Murphy said," We do not have a rich, pocketed owner, so we have a corporate reserve of $ 400 million. Three or four years ago, we put $ 50 million into the corporate reserve. Since then, it has grown and we have achieved capital gains "significant investment in real estate in this area."