Green Bay Packers Announce Record Revenue & Profit

National Football League’s (NFL) Green Bay Packers have announced record revenue and profits for the 2012-13 season.

The Packers said that, after operations, the team made $54.3 million in profit on $308 million in total revenue.

“Winning two straight NFC North championships helps in a lot of ways, including finances,” said team president and CEO Mark Murphy.

Local revenues dropped by almost two percent from last year to $128.1 million, national revenue, which is equally split among the league’s teams, was up nearly five percent to $179.9 million. Murphy attributed the rise of greater revenue to the NFL’s new apparel contract with Nike and an increase in fees generated from additional carriage of the NFL Network.

The Packers are publicly owned by fans and are required to release limited fiscal information

The Packers said there are now 364,114 shareholders after more than 250,000 people purchased more than 269,000 shares from December 2011 to February 2012 in the team’s fifth stock offering in its history.