Profits Down, But Finances In Good Shape

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RISING PLAYER COSTS REMAIN A CONCERN

The rough economic times had a noticeable impact on the Green Bay Packers' latest financial report, as profits from the past fiscal year fell considerably over the previous year - from $23 million to $4 million, a drop of more than 80 percent.

But Packers executives credited the ongoing success of the stadium renovation, the overall fan support, and very disciplined business practices with allowing the franchise to weather the economic storm and keep it in solid financial shape.

"The strength of the organization really gives me confidence for the future," President/CEO Mark Murphy said, as the team gave a preview of its latest financial figures over the weekend. "We are fortunate to have the kind of support we do in terms of season ticket sales and corporate sponsors, and that support has really been helpful in allowing us to make it through a difficult time.

"I think we've managed our resources and our f..

Source: Packers.com
 

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