Top Ad
I DIG Radio
www.idigradio.com
Listen live to the best music from around the world!
I DIG Style
www.idigstyle.com
Learn about the latest fashion styles and more...

Packers have $385M in savings to help, if needed

Written by 
Published in Breaking News
Thursday, 14 May 2020 14:30

GREEN BAY, Wis. -- The Packers have $385 million in their reserve fund, and depending on what happens with the 2020 NFL season, they might have to dip into it.

The Packers, without a single deep-pockets owner, long ago established the savings account specifically to ensure the team could cover expenses for one year in case both leaguewide and local revenue dried up.

In a letter sent to team shareholders Thursday, Packers president Mark Murphy said he is hopeful the NFL season will start on time "with full stadiums, but we are also planning for a whole range of contingencies and examining the financial ramifications."

He pointed to the "ample resources available ... to weather these difficult times."

The Packers' reserve fund has dropped since last summer, when the team reported it at $397 million during its annual shareholders meeting in July.

The Packers are publicly owned, with more than 5 million shares of stock held by 361,256 people. No one person can own more than 200,000 shares. The Packers' most recent stock sale came in 2011.

The letter detailed how the Packers have handled the limitations and shutdowns during the coronavirus pandemic. Murphy included that the team has sent Packers face masks to all fans with season tickets while extending the payment deadline to June 1.

Read 323 times

Soccer

Ex-Uruguay striker Forlán loses pro doubles debut

Ex-Uruguay striker Forlán loses pro doubles debut

EmailPrintOpen Extended ReactionsMONTEVIDEO, Uruguay -- Former soccer star Diego Forlán's newfound c...

New video puts ref Coote under fresh scrutiny

New video puts ref Coote under fresh scrutiny

EmailPrintOpen Extended ReactionsPGMOL, the refereeing body for English football, has confirmed that...

Pulisic: USMNT given 'reset' by Pochettino arrival

Pulisic: USMNT given 'reset' by Pochettino arrival

EmailPrintOpen Extended ReactionsAC Milan star Christian Pulisic praised a "reset" for the United St...

2026 FIFA


2028 LOS ANGELES OLYMPIC

UEFA

2024 PARIS OLYMPIC


Basketball

Former employee files civil lawsuit against Suns

Former employee files civil lawsuit against Suns

EmailPrintOpen Extended ReactionsA former Phoenix Suns employee sued the team Wednesday, citing alle...

Cavs hold off Sixers, 6th team ever to start 13-0

Cavs hold off Sixers, 6th team ever to start 13-0

EmailPrintOpen Extended ReactionsPHILADELPHIA -- Donovan Mitchell scored 11 of his 23 points in the...

Baseball

Williams' Medal of Freedom, MVP up for auction

Williams' Medal of Freedom, MVP up for auction

EmailPrintOpen Extended ReactionsBOSTON -- Ted Williams' Presidential Medal of Freedom, which was pr...

Guardians, AL Central champions, tweak staff

Guardians, AL Central champions, tweak staff

EmailPrintOpen Extended ReactionsCLEVELAND -- Guardians manager Stephen Vogt made some tweaks to Cle...

Sports Leagues

  • FIFA

    Fédération Internationale de Football Association
  • NBA

    National Basketball Association
  • ATP

    Association of Tennis Professionals
  • MLB

    Major League Baseball
  • ITTF

    International Table Tennis Federation
  • NFL

    Nactional Football Leagues
  • FISB

    Federation Internationale de Speedball

About Us

I Dig® is a leading global brand that makes it more enjoyable to surf the internet, conduct transactions and access, share, and create information.  Today I Dig® attracts millions of users every month.r

 

Phone: (800) 737. 6040
Fax: (800) 825 5558
Website: www.idig.com
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Affiliated