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MILWAUKEE (AP) — The Green Bay Packers had another year of record revenues, yet income fell after making some high-priced player moves.
The NFL's only publicly owned team said Thursday that revenue rose 5 percent to $324 million. Team president Mark Murphy credited the boost to another winning season that culminated with a third straight NFC North title, as well as increased revenue sharing across the league.
Total expenses increased nearly 18 percent to $298 million. The Packers still drew a net income of $25 million, but that was down 41 percent from last year.
At the end of their fiscal year, the Packers are required to release detailed financial data as a publicly owned team.
Murphy cited a $35 million spike in player costs to a record $171 million for much of the increase in expenses.
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