Forums
New posts
Search forums
What's new
New posts
New media
New media comments
New resources
Latest activity
Media
New media
New comments
Search media
Resources
Latest reviews
Search resources
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Forums
Open Football Discussion
Green Bay Packers Fan Forum
Packers financial report
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="TJV" data-source="post: 559964" data-attributes="member: 4300"><p>I remember many years ago Bob Harlan expressed the goal of growing the team’s reserve fund to the size of its annual expenses. It’s easy to take the Packers’ financial success for granted today but that wasn’t always the case - even after Harlan took over and Wolf arrived. Even after winning the title in Super Bowl XXXI in January of 1997, the Packers suffered a net operating loss of more than $400K in fiscal year 1999. So Harlan’s goal was anything but a sure thing before the Lambeau renovation – in 2001 Packers cash reserve was less than $41M and expected to continue to drop before the economic benefits of the renovations had effect.</p><p></p><p>Fast forward to today and look where the organization is: The linked article states the corporate reserve fund has grown to $284M. That’s shy of the total expenses for the last fiscal year of $298.5M but of course those expenses included the upfront money needed to extend Rodgers and Matthews. A "modest" and mandated increase of the previous year’s expenses of about $254M is more likely. Of course depreciation and other factors figure into these numbers. My point is in addition to how well our team has performed on the field since Harlan was promoted and Wolf hired, the front office has also shown vision in not being complacent regarding increasing revenues going forward. Big kudos to Harlan for that and to Murphy who is continuing along those same lines.</p><p></p><p>The other item of interest after the growth and size of the reserve fund IMO was the increase in the money from the TV contracts and licensing deals, which increased $7.8 M to $187.7M per team (as noted in Wilde’s column on Packers finances). It’s another in a long line of examples of the wisdom of the league’s revenue sharing which dates back to Pete Rozelle (who I believe copied the idea from the AFL).</p></blockquote><p></p>
[QUOTE="TJV, post: 559964, member: 4300"] I remember many years ago Bob Harlan expressed the goal of growing the team’s reserve fund to the size of its annual expenses. It’s easy to take the Packers’ financial success for granted today but that wasn’t always the case - even after Harlan took over and Wolf arrived. Even after winning the title in Super Bowl XXXI in January of 1997, the Packers suffered a net operating loss of more than $400K in fiscal year 1999. So Harlan’s goal was anything but a sure thing before the Lambeau renovation – in 2001 Packers cash reserve was less than $41M and expected to continue to drop before the economic benefits of the renovations had effect. Fast forward to today and look where the organization is: The linked article states the corporate reserve fund has grown to $284M. That’s shy of the total expenses for the last fiscal year of $298.5M but of course those expenses included the upfront money needed to extend Rodgers and Matthews. A "modest" and mandated increase of the previous year’s expenses of about $254M is more likely. Of course depreciation and other factors figure into these numbers. My point is in addition to how well our team has performed on the field since Harlan was promoted and Wolf hired, the front office has also shown vision in not being complacent regarding increasing revenues going forward. Big kudos to Harlan for that and to Murphy who is continuing along those same lines. The other item of interest after the growth and size of the reserve fund IMO was the increase in the money from the TV contracts and licensing deals, which increased $7.8 M to $187.7M per team (as noted in Wilde’s column on Packers finances). It’s another in a long line of examples of the wisdom of the league’s revenue sharing which dates back to Pete Rozelle (who I believe copied the idea from the AFL). [/QUOTE]
Insert quotes…
Verification
Post reply
Members online
rmontro
Latest posts
Why I Love The 2026-2027 Green Bay Packers
Latest: El Guapo
Yesterday at 10:50 PM
Green Bay Packers Fan Forum
Josh Jacobs facing charges…
Latest: milani
Yesterday at 5:13 PM
Green Bay Packers Fan Forum
Christian Watson signs a 4 year 110m extension
Latest: OldSchool101
Yesterday at 12:42 PM
Green Bay Packers Fan Forum
Cam Achord new ST coach - Fire him
Latest: OldSchool101
Yesterday at 11:14 AM
Green Bay Packers Fan Forum
Off Season News
Latest: milani
Sunday at 2:18 PM
Green Bay Packers Fan Forum
Forums
Open Football Discussion
Green Bay Packers Fan Forum
Packers financial report
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…
Top
