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Packers post record revenue again in 2014

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MILWAUKEE (AP) — The Green Bay Packers had another year of record revenues, yet income fell after making some high-priced player moves.

The NFL’s only publicly owned team said Thursday that revenue rose 5 percent from 2013 to $324 million. Team president Mark Murphy credited the boost to another winning season that culminated with a third straight NFC North title, as well as increased revenue sharing across the league.

Total expenses increased nearly 18 percent to $298 million. The Packers still drew a net income of $25 million, but that was down 41 percent from last year.

The Packers are required to release detailed financial data as a publicly owned team.

Murphy cited a $35 million spike in player costs to a record $171 million for much of the increase in expenses.

 

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