Another Forbes article... Interesting read regarding the Packer's financial situation: http://www.forbes.com/sites/jeffberc...f-the-packers/
Makes me wonder why the NFL is so dead-set on not allowing other NFL franchises to be publicly owned. Obviously, the Packers make it work... Why would it not work elsewhere?
-Bill
With some 112,000 shareholders, the Packers are the only publicly owned team in America. Add to that Green Bay’s distinction as the country’s smallest major league sports market and they seem a nostalgic aberration amid megamoneyed rivals like the Dallas Cowboys and New England Patriots. The longstanding line among football aficionados pegs the Packers as a charming welfare case that exists thanks only to the sufferance of other, richer NFL franchises. They allow the team to stay put in tiny Green Bay as an emblem of the league’s working-class roots.
The problem with that story: It isn’t true.
In reality the Green Bay Packers are an emerging financial power in the NFL. Despite their minuscule market, revenues for fiscal 2010 hit an alltime high of $259 million, 11th out of 32 teams and well above major-market franchises like the San Francisco 49ers ($234 million) and the Atlanta Falcons ($233 million). The Packers are regularly one of the 15 teams that pay into the league’s reserve fund rather than draw from it (so much for welfare). Their Super Bowl win, coming enhancements at the stadium and the league’s new collective bargaining agreement with players will make them stronger still.
The problem with that story: It isn’t true.
In reality the Green Bay Packers are an emerging financial power in the NFL. Despite their minuscule market, revenues for fiscal 2010 hit an alltime high of $259 million, 11th out of 32 teams and well above major-market franchises like the San Francisco 49ers ($234 million) and the Atlanta Falcons ($233 million). The Packers are regularly one of the 15 teams that pay into the league’s reserve fund rather than draw from it (so much for welfare). Their Super Bowl win, coming enhancements at the stadium and the league’s new collective bargaining agreement with players will make them stronger still.
-Bill
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