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Q: Athletic Club Financials ( Answered,   0 Comments )
Subject: Athletic Club Financials
Category: Business and Money > Accounting
Asked by: cbanders-ga
List Price: $50.00
Posted: 22 Mar 2005 20:54 PST
Expires: 21 Apr 2005 21:54 PDT
Question ID: 498957
I am looking for financial information for either a professional or
collegiate athletic club (preferrably pro football team, but any will
do).  I don't care about the exact numbers - just the ratios.  For
example: the sources of revenue from least to greatest, expenses from
least to greatest, etc.  If financial statements can be provided
(specifically, the income statement, statement of cash flows, and
balance sheet), that would be most helpful.  Thanks.

Request for Question Clarification by bobbie7-ga on 22 Mar 2005 21:15 PST

I found the Juventus Football Club 2001/2002 income statement. Would 
a link to this document meet your needs?


Request for Question Clarification by bobbie7-ga on 22 Mar 2005 21:40 PST
In addition I located the following information:

- Juventus Football Club Balance Sheet, Income Statements and
Statement of Cash Flow from September 2002.

-  Juventus Football Club Statement of Cash Flow for 2003/2004

Please let me know if my findings would be of your interest.

Subject: Re: Athletic Club Financials
Answered By: vercingatorix-ga on 24 Mar 2005 10:09 PST
You asked for a pro football team, and I'm giving you a pro footbal team.

The Green Bay Packers professional football team is publicly traded.
The team is a nonprofit corporation and does not apparently release
its financial statements to the public. However, you can see the
team?s financial statements through 2003 at There you can see seven years of
income statements and balance sheets.

The Packers do not report revenue, just income, so when I refer to
profit margins, we?re not talking the traditional profits as a
percentage of revenue. The Packers report most revenue items as
income, then subtract the expenses from the income to get the net
income. I won?t repost the financials here for space and copyright
reasons, but I will provide some other data for you, all of which I
calculated from the numbers produced on the Web site.

I made one change to the financial statements, including expansion
payments as part of operating income, and calculated the following

Tickets and media income represented 68.6% of the club?s 2003 profits.
The marketing/pro shop operations added another 13.7%, and the rest of
the line items are less than 7% of income. Player costs eat up more
than 49% of that operating income, and general and administrative
expenses nearly another 30%. Operating expenses accounted for more
than 82% of total income, including the expansion payment. After
accounting for interest and a loss on the sale of assets, the Packers?
net income was $18,856,639 including the expansion payment, or 11.9%
of total income (revenue).

Below, I have pasted a common-size income statement. In this
statement, each line item is presented as a percentage of operating
income, which is the closest thing we have to revenue. In this way,
you can see where the money came from and where it went.

Income/Expense Item	% of Operating Income

Ticket & Media Income	
Home games (net) 	13.0%
Road games 	6.8%
Television and radio 	48.8%
Other Operating Income	
Private box income 	6.7%
NFL Properties income 	3.0%
Expansion\revenue sharing income 	3.2%
Marketing\Pro Shop (net) 	13.7%
Other - Local Media, Concessions and parking (net)	4.9%
Player costs 	49.1%
Game expenses 	1.9%
General and administrative 	29.9%
  Lambeau Redevelopment Costs	1.3%
Interest expense 	-0.3%
Interest and dividend income 	1.4%
Gain on sale of assets 	-1.0%
Income Before Provision for Income Taxes	14.7%
Provision for Income Taxes	5.9%
NET INCOME After Expansion Revenue	11.9%

For more information, visit the Packers Web site at There, you will find links to
statistics and analysis of the team?s financial history.

At, you can read the
team?s analysis of its performance in the last fiscal year.

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