The Green Bay Packers have released the books for the 2014 fiscal year, and once again the team finds itself in strong financial shape.
As the only publicly owned pro sports franchise in North America, the Packers hold the distinction of being the only team to report their financial records annually. On Wednesday, the Packers opened the books once again.
According to team vice president of finance Paul Baniel, the team brought in $42.7 million in revenue. Though Green Bay lost roughly $28 million in depreciation on the recent $312 million renovation of Lambeau Field, the franchise still brought in $29.2 million in income. As the Milwaukee Journal-Sentinel notes, that represents a jump of 15 percent from last year's $25.3 million figure. Baniel also trumpeted the Packers' upcoming "Titletown" real estate development west of Lambeau Field as a future source of financial prosperity in the coming years.
The release of the Packers' books also revealed how much each NFL franchise made last year from the league's revenue-sharing system. Per ESPN, each team took home $226.4 million, an increase of approximately 120 percent. Most of that revenue comes from the NFL's TV deals with ABC/ESPN, CBS, Fox and NBC.