Packers CEO admits that other NFL teams have access to this ATM machine that we just dont

The Packers could use a boost.For the first time since 1990 (excluding the Covid-affected 2020 season), the Packers operated at a loss — and CEO Ed Policy believes some changes may be necessary going forward.“It’s like other teams have access to this ATM machine that we just don’t have right now,” Policy said Friday, per the Associated Press.“We’re going to have to be more aggressive with revenue generation going forward,” he continued later.“We all know the cost of competing in the NFL is going up, and other teams have access to capital sources that we just don’t have.”Green Bay is the only publicly owned franchise in the NFL and reported $753 million in revenue against $754.1 million in expenses.

Revenues increased 4.7 percent from the prior fiscal year, and net income also increased by 54.8 percent.However, at a time when the league’s ownership is increasingly being influenced by private equity investment, the Packers’ unique ownership structure is seemingly making life more challenging.Green Bay has just under $281.6 million committed to its active 53-man roster, according to Spotrac, which is 21st of 32 teams.“I feel very good about the Packers’ financial strength and condition in the medium term and the short term, certainly,” Policy said.“But we are keeping a very close eye on some of these long-term trends, looking at how they impact us and our financial health in the long term.“We do have to make sure that we’re always in a position where we can continue to invest wisely in whatever it takes to field a championship-caliber team, whether that’s player costs, football staff or facilities.”The executive added that the team has no plans to sell naming rights to the historic Lambeau Field.Policy also acknowledged that the Packers cannot easily raise money by selling minority stakes in their franchise, as other teams can.Despite their apparent financial challenges, the Packers have been extremely consistent of late.They...