Packers Report $12 Million Profit From Last Season - WAOW - Newsline 9, Wausau News, Weather, Sports

Packers Report $12 Million Profit From Last Season

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GREEN BAY, Wis. (AP) -- The Green Bay Packers finished on top last season and it's reflected in their bottom line.

The Packers are reporting a $12 million profit from operations for the 2010-2011 financial year, an increase of $2.2 million from the previous year. The franchise's overall net income was $17.1 million -- a jump of nearly $12 million over last year, due in large part to improved performance by investments.

And while team officials still have some concerns about the lingering effects of the lockout, which has hurt sponsorships going into the season, the Packers are emerging from the uncertainty on solid financial footing.

As Packers president and CEO Mark Murphy notes, "It appears that the Super Bowl trumps the lockout."

(Copyright 2011 by The Associated Press. All Rights Reserved.)

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