The Green Bay Packers have long been one of the most profitable franchises, even though they are owned by the public, but they apparently had a down year in 2018, profits-wise.
Green Bay relies on one of the most passionate fan bases to buy season tickets and merchandise sales, and generally, they turn a solid profit.
Not in the 2019 fiscal year, that is.
A report from 247Sports states that the Packers accumulated less than $1 million in total profit in the 2019 fiscal year — versus $56 million in 2018.
The Packers made $477.9 million in total revenue but spent $477.2 million, an increase of over $56 million and roughly 13 percent from the fiscal year in 2018.
The result was a 98 percent drop in profits. In 2018, the Packers reported profits of over $34 million.
Fans have been speculating about exactly why, and Aaron Rodgers’ injury — causing him to miss a number of games — probably played a role.
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