Packers financial report confirms owners fears
National Football League owners opted to end the current collective bargaining agreement early, with fears that players expenses are getting out of control. Those fears have been confirmed as the Green Bay Packers made 37 percent less of a profit in 2007 2008 fiscal, which ended March 31st than the previous year.
The Packers are almost one of the top ten most profitable franchises in the NFL. Even with total revenue going up ten percent to $241 million they still lost 37 percent of its profit.
That means when the 2010-2011 fiscal year ends March 31, 2011, at the current rate of profit decrease, the Packers will have made only a five million dollar profit. That means that teams in the bottom half of the most profitable scale will be losing money by that time.
The thing is though NFLPA Union cheif Gene Upshaw wants the whole NFL to open its financiak books. Just the Packers books might not be enough for Upshaw.
What will most likely happen is that the players will eventually kick Upshaw to the curb. Fans will turn on the players if they do not make concession, especially with the current new. That will lead to Upshaw’s demise, after all he is very stubborn.
What will happen is anyones guess.