The Green Bay Packers continue to break team records, on and off the field.
Success on the football field translated into record profits for the Green Bay franchise in 2011, the team announced earlier this week.
In the past two years, the Packers won Super Bowl XLV and followed that up with a 15-1 regular season record. As the only publicly owned franchise in the National Football League, team president Mark Murphy released the details of the team's financial performance in the past 12 months.
It was an All-Pro year.
The Packers' net income of $42.7 million in 2011-12 was a 150 percent increase from the previous year's total of $17.1 million. Total revenue was $302 million, the first time in franchise history the $300 million mark has been surpassed.
"It was such a great season," Murphy told reporters. "It kept the excitement level at a very high level. . . having success on the field is paramount to having success off the field."
A 13-0 start, including hosting the NFL kickoff game against the New Orleans Saints at Lambeau Field, was a significant factor.
Another contributor to the healthy bottom line was hosting a NFC playoff game at Lambeau Field. When the Packers won the Super Bowl, they had to do it on the road as the conference's No. 6 team. A home game also provides a $10-$12 million impact on the Green Bay area economy.
The team's income was boosted by a 4 percent reduction in expenses to $259 million, as the players were locked out from traditional mini-camp and OTAs typically held March through June.
The organization is reinvesting profits into Lambeau Field to continue to enhance the game-day experience for its fans.
The team is in the midst of a $143 million expansion project that adds two HD video boards and a new north-side game and viewing platform for the 2012 season. More than 6,700 seats will be added in 2013, making a dent in the team's ticket-waiting list that numbers more than 90,000 names.