BLUE BOMBERS POST ANOTHER BIG PROFIT
Photo: Winnipeg Blue Bombers
It was another strong season off the field for the Winnipeg Blue Bombers.
The CFL club announced it posted a net operating profit of $5.7 million in 2023, a season that saw Winnipeg (14-4) finish atop the West Division for a third straight year.
The community-owned franchise also made a fourth straight Grey Cup appearance, dropping a 28-24 decision to the Montreal Alouettes at Tim Hortons Field in Hamilton.
Winnipeg announced its 2023 profit Thursday upon releasing its annual report.
Revenue totalled $50.5 million in 2023, up $5.1 million (11.2 per cent) over 2022.
The club’s gate receipts increased to $15.1 million (9.6 per cent ahead of last year) while game-day, merchandise and concessions revenue hit $11.5 million, (10.5 per cent increase).
However, the numbers continue to look bleak for Valour FC, the Winnipeg-based Canadian Premier League soccer club owned and operated by the Blue Bombers.
The report stated that Valour lost $1.25 million last year and said the club’s finances continue to be uncertain.
The Bombers reported a $950,000 loss from operating the CPL franchise on its 2022 annual report.
(Canadian Press)
Hate the Bombers, but can’t argue with their success……..perhaps the accountant could learn something about how to run a franchise from them? Like leave; and Riders hire a football guy that knows about business?!
Um, photo is of Tim Horton’s Field?? Not that anyone is going to care or read this article…….