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GREEN BAY, Wisconsin – Playing home games without spectators due to the pandemic caused the Green Bay Packers’ operating revenues to drop nearly 27% in the last fiscal year.
The Packers reported $ 409.8 million in expenses and $ 371.1 million in income. This is the first time since 2000 that the team has spent more money than it brings back.
The team had a record turnover of $ 506.9 million a year earlier.
“The pandemic has had a significant impact on our finances. But that said, I think the Packers remain in a very strong position financially,” Packers CEO / Chairman Mark Murphy said at a press conference on Friday. .
Green Bay did not have paying spectators at Lambeau Field heading into the playoffs, when there was a crowd limited to two games.
The Packers expect to fill Lambeau Field seats for games this season and also plan to welcome fans to training camp later this month. Murphy says that means the team’s finances are expected to return to pre-pandemic levels.
Murphy said the Packers had $ 309.2 million in domestic revenue, up from $ 296 million a year ago. But local revenues fell from $ 210.9 million to $ 61.8 million, a decline of 70.7%.
As the NFL’s only public franchise, the Packers disclose their expenses and income every year. The team’s annual meeting of shareholders is scheduled for July 26.
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