The Packers released their annual financial report late this afternoon and announced another record year.
The franchise posted record profits over the past fiscal year, according to the financial statement released by the team on Friday, providing a strong foundation for football operations, upcoming investment in the Titletown District development, and continued growth in the team’s other community and charitable endeavors.
Net income reached $48.9 million for the fiscal year ending March 31, 2016, while profit from operations was at $75 million. Those are healthy increases of 68 percent and 91 percent, respectively, over the previous year, when net income (which includes investment performance, income taxes and interest expenses on debt) was at $29.