Pandemic causes Packers’ revenues to plummet by nearly 27%

NFL

FILE – In this Sept. 24, 2017, file photo, Lambeau Field is seen during the first half of an NFL football game between the Green Bay Packers and the Cincinnati Bengals, in Green Bay, Wis. Opened in 1957 and eventually named for the famed franchise’s first head coach, Lambeau Field was considered the NFL’s first football-specific facility. (AP Photo/Morry Gash, File)

GREEN BAY, Wis. (AP) — Playing home games without spectators because of the pandemic caused the Green Bay Packers’ operating revenues to drop nearly 27% during the most recent fiscal year. The Packers reported $409.8 million in expenses and $371.1 million in revenues. That’s the first time since 2000 the team spent more money than it brought in. The team had a record $506.9 million in revenue a year earlier. Green Bay did not have to pay spectators at Lambeau Field until the playoffs when it had a limited crowd at two games. With full crowds expected this season, the Packers expect revenue to return to pre-pandemic levels.

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