As they say, the rich just keep getting richer. The Green Bay Packers had their annual franchise Hall of Fame festivities this past weekend, which was most notable for the induction of Brett Favre. However, there is some more important news for all NFL fans. The team released their annual financial statements. They are the only NFL team to do that given their public entity nature, and I would bet good money we will never see another team allowed to do that. By being a public company, they have to release annual financial statements, which means we can learn about NFL revenue sharing, and how teams are likely doing.
Each team does not earn the same amount of money in ticket sales and various other revenue streams, but one area we can extrapolate out is the national revenue sharing. This is composed primarily of TV money, but it also includes ticket revenue sharing. According to Darren Rovell, the Packers received $226.4 million in national revenue sharing for the 2014 fiscal year. That means every team received that amount, including our very own San Francisco 49ers.
It is also worth noting, the Packers had records for total revenue and local revenue last year. The team finished the 2014 year with $29.2 million in profit. The NFL will not show us the rest of the books, so we will not know how that compares with other teams. After all, the Packers are but 1 of 32 teams. However, I am willing to bet other teams are doing quite nicely.
And the 49ers, and the York family are going to be in great shape moving forward. The team is paying off plenty of money in the stadium loans, but with the new stadium completed and effectively sold out, the 49ers and the Yorks are going to be making money hand over fast in the coming years.
People scream and complain that they want the Yorks to sell the team. This right here is why they will not be selling the team anytime soon. The 49ers would be making money at Candlestick, but getting Levi's Stadium built means they are going to have a cash cow. They have to deal with paying off the loans, so I don't know how much it will explode right out of the gates, but the Yorks are going to make a lot of money moving forward.
And on that note, if you purchased any tickets or merchandise, paid for a stadium builders' license and season tickets, or in any other way contributed money to the San Francisco 49ers, you are welcome to say you contributed to the product on the field. However, this shows just how small all that other stuff can be when you get into the crazy money of national revenue sharing.
The NFL's combined national revenue sharing was $7.24 billion in 2014. Plenty of companies make a lot more money than that, but for a sports league, that's some obscene money. As SB Nation pointed out, that's more than 10 missions to Pluto, or four space shuttles. Oh, and to bring it a little closer to home for NFL fans across the country: that's $2.54 billion more than tax payers have contributed to help build 20 new NFL stadiums from 1997 through 2014. The Vikings and Falcons are currently building new stadiums that have reportedly received a combined $700 million in government funds. It's safe to say more often than not, if you are a government official offering public subsidies for stadium projects, you are a sucker, or helping further the scam.