Monday, June 23, 2008

How greedy are you? Psycho CEO!

Posted By on Mon, Jun 23, 2008 at 9:51 AM

Most people who know me, know two things about me. I hate thunderstorms and I love football. I love football so much, I wrote a book about it (www.cherishodges.com for more details). I digress, though.

This morning, I was checking out the SI website to see what was going on with my favorite football team(and God's as well, otherwise there wouldn't be a hole in the top of the stadium so that He could get a bird's eye view every Sunday).

What I came across was a gross ass story of greed from the Green Bay Packers.

View all NFL and print RSS

Packers worried about NFL's future

Posted: Monday June 23, 2008 07:17AM ET

After a 13-3 regular season, two home playoff games and a final bow from Brett Favre, the Green Bay Packers figured to have a pretty good year from a financial perspective. And they did -- but it wasn't the moneymaking blockbuster some might have expected, a development that reinforced Packers executives' long-term concerns about the financial health of the NFL. The Packers took in about $241 million in operating revenue for the 2007-08 fiscal year that ended March 31, about 10 percent more than the previous year. But thanks to a significant rise in player costs, the team's total operating profit fell more than 37 percent to $21.4 million. "We had a good year," Packers president and CEO Mark Murphy said. "But not as strong as you might have anticipated." Packers executives believe the team ranks just outside the league's top 10 most profitable franchises despite playing in its smallest media market. But they're worried about the future after watching the team's player costs skyrocket from $110 million in the 2006-07 fiscal year to $124 million last year. That's why, Murphy said, NFL owners voted in May to opt out of their collective bargaining agreement with the players union. The current agreement remains in effect through the 2010 season, but owners hope to negotiate a new deal that would allow them to keep a bigger chunk of the money the league and teams take in. NFL owners recently said they are paying $4.5 billion to players this year, just under 60 percent of their total revenues.

Somebody ought to tell Murphy that real people in Green Bay and Charlotte have lost less money than they have and are struggling even more than the Packers' organization. With the rising cost of gas, food and every thing else, to hear someone complaining about making a $21.4 million profit is just fucking demented, looney, crackbrained and unbalanced!

Tags:

Pin It
Submit to Reddit
Favorite

Comments

Subscribe to this thread:

Add a comment

Creative Loafing encourages a healthy discussion on its website from all sides of the conversation, but we reserve the right to delete any comments that detract from that. Violence, racism and personal attacks that go beyond the pale will not be tolerated.

Search Events

www.flickr.com
items in Creative Loafing Charlotte More in Creative Loafing Charlotte pool

© 2017 Womack Newspapers, Inc.
Powered by Foundation