One of the unique advantages of the Green Bay Packers’ public ownership is the transparency it brings to their financials, which offers a glimpse into the overall health of the NFL.
Thanks to the league’s revenue-sharing system among its 32 teams, the Packers’ financial disclosures serve as a useful indicator of the NFL’s financial performance.
Well, in case you didn’t know, the NFL is flourishing.
The Packers disclosed a net profit of $60.1 million from their local operations. More notably, they reported a staggering $402.3 million in national revenue.
For those keeping track, this suggests that the NFL distributed nearly $13 billion among its teams.
The Associated Press reports that for the first time ever, the NFL’s total revenue exceeded $12 billion in 2023, marking an increase of about $1 billion from the previous year.
This booming revenue stream is a testament to the league’s success, with the 2023 NFL season standing out as the most lucrative in its history.
Various factors have contributed to this success led primarily by the massive broadcasting deals with FOX, CBS, NBC, ESPN and Amazon.
Additionally, Sportico just revealed that the Dallas Cowboys are the first professional sports franchise to crack the $10 billion mark in valuation.
The Boys are worth a reported $10.32 billion and there are a few other franchises not too (too) far behind.
Looking ahead, the league’s financial outlook appears even brighter.
The NFL’s ongoing pursuit of an 18-game schedule with two bye weeks seems almost inevitable in light of these financial gains.
This push for an expanded schedule, while seen by some as an example of unchecked greed, highlights the league’s relentless drive for revenue growth.
Are you in favor of an 18-game schedule?
What are your thoughts on the whopping financial figures???