Packers post record revenue again in 2014

AP Sports WriterJuly 10, 2014 

Packers Finances Football

FILE - In this July 24, 2013 file photo, Green Bay Packers fans and stockholders attend the Packers NFL football team annual shareholders meeting at Lambeau Field in Green Bay, Wis. The screen at top shows team president Mark Murphy. The Packers offer their annual glimpse into the financial health of the only publicly owned team in the NFL, Thursday, July 10, 2014. (AP Photo/The Green Bay Press-Gazette, H. Marc Larson, File) NO SALES

H. MARC LARSON — AP

— The Green Bay Packers had another year of record revenues, yet income fell after making some high-priced player moves.

The NFL's only publicly owned team said Thursday that revenue rose 5 percent from 2013 to $324 million. Team president Mark Murphy credited the boost to another winning season that culminated with a third straight NFC North title, as well as increased revenue sharing across the league.

Total expenses increased nearly 18 percent to $298 million. The Packers still drew a net income of $25 million, but that was down 41 percent from last year.

The Packers are required to release detailed financial data as a publicly owned team.

Murphy cited a $35 million spike in player costs to a record $171 million for much of the increase in expenses.

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