RIDER$ ANNOUNCE $2.2M PROFIT
The Saskatchewan Roughriders held their 2014-15 Annual General Meeting in the Schumiatcher Room at Conexus Art Centre.
2014-15 AGM ANNOUNCEMENTS
FINANCIAL REPORT
During her report, Tina Holtby, the Saskatchewan Roughriders’ Director of Finance, revealed the Football Club reported a profit of $2.2 million. The Club recorded operating revenues of $42.4 million.
TICKET SALES
Gate receipts generated $15 million in revenue for the 2014 season down slightly from the prior year mainly due to Mosaic Stadium returning to its regular capacity after the removal of extra seats that had been installed for the 2013 Grey Cup.
MERCHANDISE SALES
The Club once again continued to set the pace in merchandise sales in the CFL during the year. Gross merchandise sales were $9.4 million spurred on by strong online sales and higher than anticipated demand for the new signature jerseys. This is the 3rd time in the past 5 years the Club has exceeded the $9 million mark in merchandise sales.
BOARD OF DIRECTORS
Overall, there were no changes to the Board of Directors for this year. Joel Teal was re-elected for a three-year term. Also returning to the board this year will be Chair, Wayne Morsky, Vice-Chair Jeff Stusek, Director’s Arnie Arnott, Randy Beattie, Twyla Meredith, Doug Emsley, Robert Leurer, Dennis Mulvihill, Laurie Powers and Barry Clarke.
Way to go Riders!!!
And now, we wait for the comments from the negative nellies about how the Riders are not paying there fair share of the stadium, or how their expense are too high.
In 3…2…1…GO
Weathers nexxxxxxxxxxxxxxxt
Are the bean counters factoring in all estimated cost of living indexed variables to the future? Why is the Saskatchewan Roughriders board of directors and it's history all ethnic white? Is the on field product good enough to win a championship this year? Hmmm ????
So the riders have $9 million in merchandise sales. Typical margin 50% nets the club $4.5 million yet they only make $2.2 million. Pretty clear to see why no real financial statements are available anymore.
I think there should be an inquiry.
If the Saskatchewan Roughriders only made $2M then the other 8 teams are all using red ink.
Anon #3 – using technical bafflegab doesn't diguise the fact you're blowing it yer rear end.
Somebody is cooking the books.