Home Nfl Always more: $ 9.47 billion in revenue for the NFL in 2019-20

Always more: $ 9.47 billion in revenue for the NFL in 2019-20

by archysport

While waiting to know the effects of the COVID-19 crisis on finances, the NFL has much to see ahead. On Tuesday, the Packers’ accounts were made public. An important moment because the Green Bay team, which is owned by a private group, is the only one that is required to disclose its finances. And so it is this document that gives an overview of the financial health of the league.

Selon Sports Business Daily, in the fiscal year ended March 31, 2020, the Packers reported $ 506.9 million in revenue. Of this total, 296 million come from national revenues, and 210.9 million are therefore local revenues.

Since the league’s domestic revenue is split equally between each team, the math to find the total is simple: 296 x 32 = $ 9.47 billion. That’s a nice progression from the $ 8.78 billion in the 2018-19 season. These revenues are mainly fueled by the huge TV rights received by the NFL. A windfall that allows us to see it coming, even with COVID-19.

“We are very lucky that 2/3 of our national income comes from television,” said Mark Murphy, President of the Packers. “It covers the costs of our players. Right now, the priority for the league is to be able to play the games, to have the games on TV, and for everyone to be safe and healthy. “

In short: empty stands, it’s sad, but it is not so serious economically. In addition, Murphy even specified that 10,000 to 12,000 spectators are enough in the stadium of Green Bay to achieve profitability.

At their level, the Packers are also ready to face the crisis. By deducting $ 436.6 million in expenses, the team ended the fiscal year with a net profit of $ 34.9 million. It also has a reserve fund of $ 411 million.

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