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Packers Profit Surge from ESPN Stake | Sports News
Published 3 days, 6 hours ago
Description
The Packers just reported a $134 million non-operating windfall—mostly from their new 10% stake in ESPN—while posting their first operating loss since 1989, thanks to sky-high player contracts. The NFL’s big swap with ESPN, which gave up its networks for a piece of the sports giant, is already paying off in cash, but players are already eyeing the profits and wondering where their share is.
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