Packers: Received $432.6M in revenue sharing

GREEN BAY, Wis. -- Eighteen years ago, erstwhile Mark Murphy gave his archetypal fiscal study aft taking implicit arsenic president of the Green Bay Packers, the NFL's gross sharing was $138 cardinal per team.

On Wednesday, conscionable days earlier Murphy officially volition discontinue and manus implicit power to incoming president Ed Policy, the Packers revealed that their nationalist gross sharing from the erstwhile fiscal twelvemonth was $432.6 cardinal -- a twelvemonth aft nationalist gross topped $400 cardinal per squad (at $402.3 million) for the archetypal time.

"I proceed to beryllium amazed by the popularity of the NFL and by the league office's quality to make revenue," Murphy said. "It's impressive."

The team's finances are the lone model into the NFL's revenue-sharing numbers due to the fact that arsenic the lone publically owned team, the Packers are required to uncover their fiscal connection connected an yearly basis.

With $432.6 cardinal distributed to each of the 32 NFL teams, it means the league shared much than $13 cardinal successful gross from the erstwhile fiscal year.

Murphy, on with Maureen Smith (Packers main fiscal officer) and Karl Schmidt (treasurer of the team's enforcement committee), shared the numbers that they volition contiguous to their stockholders during the yearly shareholder gathering Friday astatine Lambeau Field. Murphy said nationalist gross accounts for astir 60% of the Packers' full revenue.

"That's mostly the maturation successful the nationalist TV deals," Murphy said. "The league has it truthful they're trying to turn astatine astir a 7% maturation complaint annually. And past the different happening I deliberation the league's done a bully occupation of is moving much towards streaming, but inactive a immense bulk of our nationalist gross is coming from broadcast television."

That helped the Packers' nett from operations summation from $60.1 cardinal to $83.7 cardinal implicit the erstwhile year. Local revenue, boosted by hosting a ninth regular-season location crippled since the league went to a 17-game schedule, accrued from $251.8 cardinal to $286.4 million. The Packers' firm reserve money besides grew to $579 million, up from $536 cardinal the erstwhile year.

Because the Packers are publically owned by much than a half-million shareholders, they are incapable to judge backstage equity investments the mode immoderate teams person done to rise money. According to the team, determination are astir 5,204,615 shares of banal owned by 539,029 stockholders -- nary of whom person immoderate dividends. To support against idiosyncratic taking power of the team, nary azygous idiosyncratic tin ain much than 200,000 shares.

Murphy said during his tenure the Packers person invested $675 cardinal into Lambeau Field and the team's facilities. They unveiled a recently renovated locker country this week.

"We don't person a deep-pocketed affluent proprietor truthful that's 1 of the things we've tried to bash implicit the years is to physique up the firm reserve fund," Murphy said. "I deliberation it's particularly important present with different teams' quality to merchantability number shares arsenic good arsenic backstage equity up to 10% of their value."