Green Bay Packers Report Record Profit of $48.9 Million
The Green Bay Packers reported a franchise-record profit of $48.9 million for the 2015 fiscal year, reports ESPN.
There was also $222.6 million in national revenue.
For 2015, all 32 teams saw a significant spike in their shared national revenues, due to the league's lucrative new television contracts.
The Packers originally reported their national revenue as $226.4 million for the 2014 fiscal year, but a change in accounting procedures related to visiting team shares of ticket revenues changed that number to $209.1 million for 2014. Using that new formula for last year, the Packers arrived at the $222.6 million figure.
The team's previous record for net income was a $43 million profit for the 2012 fiscal year.
While this is big news, its unclear how other teams fared, because the Packers are the only NFL team that is required to share its financial information. Why? Because, they are technically a publicly owned company, even though the team's 360,760 shareholders hold stock that has no monetary value and cannot be traded.