Yesterday, 12:13 PM
(Yesterday, 10:15 AM)George Cantstandya Wrote: I think the closest we can come is guessing that it is less than the Packers.
https://www.nbcchicago.com/news/sports/nfl/nfl-revenue-sharing-2025/3796619/
I don't know how much the Bengals market compares to the Packers but I am guessing it is quite a bit lower. Forbes had the Packers valued at 5.6 billion in 2024 ranked 13th and the Bengals at 4.1 billion ranked last at 32.
So I don't know, looking at the Packers numbers maybe around 40-50 million for the Bengals???? I don't know enough about all the financial stuff so I'm just throwing that out there as a guess.
https://www.greenbaypressgazette.com/story/sports/nfl/packers/2025/07/23/ninth-home-game-boosts-packers-revenue-into-record-territory-green-bay/85193770007/
$719.1m in revenue for 2024
They claimed $635.4m in expenses.
Keep in mind the Packers invest a lot in local real estate. So when they go "our expenses were..." it can include spending tens of millions on real estate. Also unlike cap accounting, REAL accounting the signing bonus will be in that year. So for instance while Joe Burrow only had a $19.5m cap hit in 2023 when he signed his extension, the Bengals expenses showed that he got $45.5m in cash in 2023.
Ultimately any team can make themselves look like they're losing money if they want to. We saw it for ages with college football programs. Alamaba would build a $45m training complex or whatever so that the same year they could claim they only had $450k in profits or something so OBVIOUSLY they couldn't possibly pay their (at the time) "student athletes" a fair share of what they produced.
Perfect example... the Packers claimed "depreciation of construction" as an "expense". They also have expenses of investing in restaurants and bars that they own around the stadium, which is just them spending some money now to make more money later. They put $24m into their "corporate reserve fund" that's now at $579m. They put $5m into their charity fund which now has an endowment of $61m.... lots of ways to make money vanish through "expenses".
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