The Green Bay Packers didn’t make it to the Super Bowl last season. But they did turn a profit.
In fact, the NFL’s only publicly owned team posted record earnings of almost $43 million for the last fiscal year, the Associated Press notes.
The iconic Wisconsin team said it earned $42.7 million on revenues of $302 million for the year. That excludes $64 million in income from Christmas sale of team shares, which added 250,000 shareholders.
Local revenue — which includes receipts from home games — totaled $130.4 million, up 9.3% from the prior year. Nationwide revenue hit $171 million. Net income for the team increased 150%, while revenue rose 6.9% last year. Expenses declined by 4% to $259 million.
Team officials said the profits would be spent, in part, on improvements to Lambeau Field, where 137,000 people visited via tours.
The team, which defeated the Pittsburgh Steelers in Super Bowl XLV, recorded 15 regular-season wins last year, but fell to the eventual Super Bowl-winning New York Giants in the playoffs.