GREEN BAY - You could say the Green Bay Packers and the NFL successfully navigated their way through the pandemic year.
The Packers on Friday reported a real-world loss of $38.8 million for the fiscal year that ended March 31 and included a regular season without fans in Lambeau Field's stands.
Notably, the organization didn't take money from its corporate reserve fund, a prospect that wasn't at all certain when the year began. It was the team's first operating loss since before the 2003 renovation of Lambeau Field.
On paper, the team recorded $60.7 million in net income, a result of outstanding performance by its investments, but that's largely a fictitious number because it includes $120 million in unrealized income.