Coronavirus: Green Bay Packers have $385m in reserve fund to help overcome COVID-19 crisis
- Unlike other NFL teams Green Bay are publicly owned, so there was a fair bit of concern about their financial condition.
- Mark Murphy wrote a letter on Thursday in the midst of the COVID-19 crisis.
Green Bay Packers president and chief executive Mark Murphy said the NFL franchise have $385million in their corporate reserve fund to help overcome the coronavirus pandemic.
COVID-19 has wreaked havoc around the world, bringing the NBA, MLS and NHL seasons to a standstill in the United States, while the start of the MLB campaign has been postponed.
The NFL still hopes its season will get underway as scheduled in September, with the Packers due to open their campaign against the Minnesota Vikings.
Green Bay, unlike other NFL teams, are publicly owned and Murphy wrote a letter on Thursday, which read: "We are in a time of great uncertainty.
"We are hopeful that the League season will start on time with full stadiums, but we are also planning for a whole range of contingencies and examining the financial ramifications.
"Fortunately, we have ample resources available [including $385million in our Corporate Reserve Fund] and will be able to weather these difficult times.
Murphy added: "We continue to monitor the available information from public health authorities and will keep you apprised of any decisions that are made.
"Under Badger Bounce Back, Wisconsin's plan to safely reopen the state, we need to reach Phase Three of necessary criteria before we can have a gathering of more than 50 people.
"We know many of you plan trips to Green Bay for the meeting, so we will inform you as soon as we are able."