Harry
ASFN Consultant and Senior Writer
Before anyone feels too sorry for the NFL because of COVID, they might want to take note of this from The Athletic, “The NFL’s national revenues, comprised primarily of TV and sponsorships, rose $422.4 million to nearly $10 billion in 2020, at a time the league and the rest of the world were confronting some of the worst of the pandemic.” In the case of the Packers, “The team, like many corporate entities, enjoyed the 2020 bull markets. The team’s investment fund turned a $98 million gain, meaning the club turned a net profit of $60.7 million. That is far higher than either of the two previous years.“ Not sure how the Cards corporation has handled its profits in previous years, but for tax purposes it makes sense they would have a similar fund and benefited from the huge market run up.