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Congress Might Snuff Out The Green Bay Packers
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<blockquote data-quote="El Guapo" data-source="post: 573934" data-attributes="member: 5830"><p>According to the Packer's most recent financial report, they brought in $324 million of revenue, of which $187.7 million (58%) was from national revenue. National revenue is mainly the NFL's television and apparel contracts. I don't know the breakdown but assume that the tv deals are the majority. Ironically, player costs were $171 million which is pretty close to the $187 million of nat'l revenue. For arguments sake, one could say that roughly the tv money pays for the player costs. Losing that would have a <u>significant</u> impact on the Packers. They had $25.3 of net income so there wouldn't be enough to cover the loss of national television revenue. Of course, it would be offset by local and regional television contracts but likely not anywhere close to the amount they currently receive.</p><p></p><p>As a side note, the team's corporate reserve fund increased to $284 million. The guiding principal for the fund was to put aside enough money to operate for a year. It's never quite reached that goal since the cost of operations increases each year. This fund wouldn't cover the loss of national tv revenue for very long - if needed.</p></blockquote><p></p>
[QUOTE="El Guapo, post: 573934, member: 5830"] According to the Packer's most recent financial report, they brought in $324 million of revenue, of which $187.7 million (58%) was from national revenue. National revenue is mainly the NFL's television and apparel contracts. I don't know the breakdown but assume that the tv deals are the majority. Ironically, player costs were $171 million which is pretty close to the $187 million of nat'l revenue. For arguments sake, one could say that roughly the tv money pays for the player costs. Losing that would have a [U]significant[/U] impact on the Packers. They had $25.3 of net income so there wouldn't be enough to cover the loss of national television revenue. Of course, it would be offset by local and regional television contracts but likely not anywhere close to the amount they currently receive. As a side note, the team's corporate reserve fund increased to $284 million. The guiding principal for the fund was to put aside enough money to operate for a year. It's never quite reached that goal since the cost of operations increases each year. This fund wouldn't cover the loss of national tv revenue for very long - if needed. [/QUOTE]
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