Packers revenue up; operating profits down due to player contracts, NFL concussion settlement

//Packers revenue up; operating profits down due to player contracts, NFL concussion settlement

Packers revenue up; operating profits down due to player contracts, NFL concussion settlement

Contributions to the National Football League's agreement to pay more than $1 billion in a concussion settlement for players, along with rising costs for player salaries, contributed to a large decrease in net income and profit from operations for the Green Bay Packers' fiscal 2019. Total revenue was up $23 million from the year-ago period, at $477.9 million relative to $454.9 million in 2018. National revenue, which is driven by national television and sponsorship contracts, was up 7.2% to $274.3…

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By | 2019-07-12T20:21:29+00:00 July 12th, 2019|Sports|

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