The bottom line: The operating numbers aren’t typical of those the Packers normally see, but they aren’t setting off any alarm bells within 1265 Lombardi Ave.
“The NFL is more competitive and more expensive than ever,” Chairman of the Board, President and CEO Ed Policy said. “We want to ensure our football leadership has every tool in the toolbox to build a competitive roster, and we do.”
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“The franchise remains in great shape,” Policy said. “In the short and medium term, there are no major financial concerns, and we will continue to do what it takes to compete as the NFL landscape changes and evolves, which includes being intentional on generating more local revenue.
“We are however, keeping a very close eye on current trends and how they may impact our long-term financial health.”
Those trends relate to the challenges the Packers may face in keeping up financially with the rest of the league’s clubs, which have access to capital via private equity and limited partners purchasing small, non-controlling stakes in teams.
“It’s like other teams have an ATM that we don’t have,” Policy said, referring to private equity.