Finances Show Profit, But Troubling Trends Remain

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RISE OF PLAYER COSTS RELATIVE TO REVENUE A GROWING CONCERN

The Green Bay Packers once again were profitable over the past fiscal year, but their operating profit dropped more than 50 percent from the previous year as the rising cost of player salaries continued to outpace revenue growth.

In the team's latest financial report, a preview of which was released to the media this week, the Packers' operating profit for the 2010 fiscal year (ending March 31, 2010), was $9.8 million, down from $20.1 million the year prior. The primary reason for the decline, despite a $10.1 million increase in overall revenue, was a $22.1 million jump in player costs, which increased 15.9 percent from $138.7 million to $160.8 million. It marked the third consecutive year that operating profits declined, from $34.2 million (2007) to $21.4 million (2008) to $20.1 million (2009) to $9.8 million (2010).

That's the trend the Packers have pointed to as unsustainable - declining o..

Source: Packers.com
 

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