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Coming Up
  • Wed., Jul. 23, 2014 5:00 PM CDT Ask Vic Day

    “Ask Vic Day” will include dinner and a movie, an “Ask Vic Live,” and a few other surprises along the way. The event will be held on July 23, 2014, at Lambeau Field. Registration will begin at 4 pm with a 5 pm kickoff. Door prizes will be awarded during the reception.

    Cost per person is $35 (tax included).

  • Thu., Jul. 24, 2014 11:00 AM CDT Shareholders Meeting

    The Green Bay Packers 2014 Annual Meeting of Shareholders will be held Thursday, July 24, at 11 a.m., at Lambeau Field. The meeting will take place rain or shine.

  • Fri., Jul. 25, 2014 6:00 PM CDT Packers 1K Kids Run

    Back to Football also includes the 1K Kids Run, presented by WPS Health Insurance. Kids 10 years old and younger will have the opportunity to run a Lambeau Lap on Friday, July 25, at 6 p.m. Registration for the Kids Run is $10 and all participants will receive a Packers 1K Run t-shirt, a logoed bag and a participant medal.

    http://www.packers.com/5k

  • Fri., Jul. 25, 2014 7:00 PM CDT Movie Night at Lambeau Field

    Movie Night at Lambeau Field will return this year on Friday, July 25, following the 1K Kids Run. The event is free and open to the public, and concessions will be available throughout the movie. More details will be announced at a later date.

    Time listed above is subject to change.

  • Sat., Jul. 26, 2014 6:30 PM CDT Packers 5K Run/Walk

    The fifth annual ‘5K Run/Walk at Lambeau Field,’ is set for Saturday, July 26, at 6:30 p.m.

    The computer-timed run is highlighted by a neighborhood route that ultimately takes participants into Lambeau Field and around the famed gridiron. The event has a special finish line – the Packers’ ‘G’ painted on turf located in the parking lot.

    All participants will receive a Packers 5K Run T-shirt, a logoed bag, and a bib number and timing chip. To celebrate the race’s fifth anniversary, all participants will receive a commemorative medal. In addition, photos will be taken on the course and will be available at no cost on the Packers 5K Run website.

    Packers-themed awards will be presented to the top three finishers in each age group. An awards ceremony will take place following the conclusion of the race.

    Registration, which is $25 for adults and $15 for children (12 and younger), will be available online beginning Friday, May 23, at www.packers.com/5k. Mail-in registration is also an option, with forms available online and in person at Lambeau Field. Runners can also register at the Bellin Run Expo on Friday, June 13, at Astor Park in Green Bay. Early registration is encouraged. After July 13, registration fees will increase to $30 and $20, respectively.

  • Thu., Jul. 31, 2014 4:00 PM - 7:00 PM CDT PPCC Annual Reception

    The Packers Partners Annual Reception is set for Thursday, July 31, 2014 in the Lambeau Field Atrium from 4:00 PM- 7:00 PM.

    Packers Jarrett Boykin, Eddie Lacy, Datone Jones and DuJuan Harris will appear at the reception. The event will include a Player Guest Q&A, a Meet & Greet with a Packers Alumni and a Raffle Drawing.

    This is a member’s only event. Invitations will be mailed the week of June 23rd, and online registration will open at 9 am CDT on June 25th and will close on July 11th at 5 pm CDT. 

    Invitations will include all of this information and additional details.

    To sign up to become a member of the Packers Partners Club of Champions and receive an invitation to the reception, fans can go to www.packers.com/ppcc.

     

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Revenue up but profits down for Packers

Posted Jul 10, 2014

Major player contracts hit the books in last fiscal year

GREEN BAY—Yet another revenue record highlights the Green Bay Packers’ latest financial report, though the record profits of the past two years weren’t matched as a number of major player contracts hit the books in the previous fiscal year.

That’s the upshot of the team’s financial numbers released to the media on Thursday.

While revenue increased $16 million from last year to this year, player costs rose $35 million, mostly due to a convergence of major re-signings and other contracts for both the 2013 and ’14 seasons becoming official in the same fiscal year.

As a result, the Packers’ profit from operations dropped from $54.3 million a year ago to $25.6 million this year. Net income dropped from $43.1 million to $25.3 million.

“I think you have to look at the last two years together to get a sense of more normalized numbers,” Packers Board of Directors Treasurer Mark McMullen said. “Over the course of the CBA, things will even out.”

Indeed, if the last two years of operating profit are combined and averaged, the $40 million dollar figure is very close to the number reported in 2012 of $43.0 million.

The Packers saw their overall revenue jump 5.2 percent, from $308.1 million to a record $324.1 million. The $16 million increase was split rather evenly between national and local revenues.

National revenue is expected to increase even more in the coming years as new national television contracts take effect. Those deals will raise the salary cap for the players as well as the broadcast revenue for all of the league’s 32 teams.

The local increase came mostly from the expansion of Lambeau Field’s South End, which added 7,000 seats, boosting ticket and concession revenue considerably.

Local revenue should continue to increase with the latest Atrium renovation wrapping up this month. That construction project features the opening of a new Packers Pro Shop and new Harlan Plaza. Two final components, a renovated Packers Hall of Fame and a new on-site restaurant, will open in 2015.

The organization’s overall community impact remains at roughly $6 million annually. In addition, another $5 million was added to the Packers Foundation, an endowment that now approaches $20 million.

Packers President/CEO Mark Murphy pointed to all of that, along with the cost certainties and labor peace afforded by the seven years remaining under the current collective bargaining agreement with the players, as the foundation for a solid financial future.

“Our performance remains very strong,” Murphy said, referring to the team on the field as well as off the field. “We’re positioned really well for the future.”

That future could include any number of development concepts currently being studied for the “Titletown District” that will utilize the multiple properties adjacent to the stadium owned by the Packers.

“We will continue to invest in our facility and our team,” Murphy said. “One of the biggest investments we could make for the organization and the community in the next 10 years could be ‘Titletown.’ We’re excited about its potential.”

 
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