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Wednesday, April 5, 2017

BOMBERS POST $2.8-MILLION PROFIT

WINNIPEG, MB – The Winnipeg Football Club today released its 2016 Annual Report and announced an overall operating profit of $2.8 million.

“We are pleased with our overall financial results for 2016,” said Winnipeg Football Club President & CEO, Wade Miller, “and credit our fans, season ticket members and corporate partners for the important role they continue to play in the success of our Club, both on and off the field.”

Total operating revenue was $27.1 million in 2016 – a four percent decrease primarily due to fewer events being held at Investors Group Field in 2016 compared to 2015.  Last year, there were no concerts and just one major event held at the stadium – the Tim Hortons NHL Heritage Classic™.  This compares to the 2015 schedule that included the FIFA Women’s World Cup Canada 2015, One Direction and AC/DC concerts and the 103rd Grey Cup.

“The good news for 2017,” said Miller, “is that, in addition to anticipating a great on field season, we also have a busy slate of major events scheduled including the Canada Women’s Soccer friendly match, Nitro Circus, the Manitoba Marathon and Guns N Roses.  In addition, we will be hosting over 30 amateur sporting events, including the closing ceremonies of the Canada Summer Games.”

On other fronts, total game revenue dropped four percent, however, revenue from corporate partnerships grew by over seven percent from 2015 thanks to the strong and continuing support from Bomber fans and corporate sponsors.

Operating expenses came in at $24.2 million, an increase of just 1.3% over 2015.  This compares to football operations expenses which increased by 2.8% due to travel costs associated with our success in making the 2016 playoffs.   It is important to note that increased stadium occupancy costs were offset with cost savings in both marketing and administration.

The WFC continues to incur significant costs, especially compared to other clubs in the League, for game day transportation to and from the stadium that results from charges imposed by Winnipeg Transit and other third party providers. The Club continues to work with the stakeholders of the Integrated Transportation Plan Agreement to address this ongoing cost burden.

In December 2016, the Club made its third annual scheduled excess cash payment to Triple B Stadium Inc. of $4.5 million. “Meeting our financial obligations continues to be one of the top priorities of the Winnipeg Football Club,” said Miller. “Despite investing over $15 million in stadium capital costs, the Club will continue to meets its financial obligations as outlined in the Management Agreement with Triple B Stadium Inc.”

13 comments:

Anonymous said...

So with the capitol cost payout they actually lost 1.7 Mil?

Anonymous said...

Good job, if not for the Bombers, riders and Eskimos, the league would fold, based on last season's dismal attendances.

Anonymous said...

Not bad for the worst franchise in the CFL! On an icy cold slide since 90'!!!

Anonymous said...

First commenter is correct,however they have to pay their stadium bills. Had they been able to attract some larger acts they would have more than made up for it. I say instead of Bashing Winnipeg all the time around here because of small man syndrome let's get the promoters together from both cities and try and attract some bigger name acts to both stadiums. wouldn't that help both cities pay off their beautiful new stadiums.BTW I attended the heritage Classic and it was a great event Great to see all the alumni from both teams mingling with the crowd. I got to meet some great alum from both teams thanks to the long delay. The bomber's got alot of concession revenue from that event and had they not run outta beer they would of made even more profit. So let's learn from that and keep the fridges stocked up!...cheers....Benny..

Anonymous said...

"GO BOMBERS GO!
"GO BOMBERS GO!
"GO BOMBERS GO!
"GO BOMBERS GO!

PS, why are the riders always a sad sh*t organization?

BombersJets said...

Worst franchise in the CFL?? Bombers have 24 Grey Cup appearances, the most of any team in the league with 10 wins... The Riders have what... 19 appearances with only 4 wins?? And who's the worst?

Anonymous said...

Historically that is correct, however, their last Grey Cup was when? When you're riding a losing skid like that, and the riders having won 2 in the last decade, I would have to say the times are changing.

But we will let that be settled on the field, I have a feeling come Canada day, the Bombers will be going down!

Morgan said...

1990... that was a long long time ago... man it must be rough to be a Winnipegger! You boys sure know how to lose! Go Riders Go!!!

BombersJets said...

Yep sure is rough when we have an up and coming team ready to take the next step, not to mention an NHL franchise as well. Positively the worst ya know :p

I get it, I was 5 the last time the Bombers won a Grey Cup. Ironically if Kevin Glenn hadn't been injured back in 07 he easily would've led the Bombers to victory over the Riders. Heck, you guys barely beat Ryan Dinwiddie.

Didn't the Riders go 29 years between their 1st and 2nd Grey Cups?? Not to forget the 56 years of futility before winning the first one

Morgan said...

Your bombers are ready to take the next step alright, the next step down the stairs to the basement that is!

Kevin Glenn got injured in 07... boo fricken hoo! I guess you guys should have signed a decent backup and maybe you could have beaten our powerhouse defense!

Oh wow! You have an NHL franchise do you? You're certainly living the high life! Getting to watch your lowsy jets get trounced in that tiny little downtown arena of yours that sticks out like a sore thumb in your old dilapidated lowrise downtown sector.

The riders had a 23 year drought between 66 and 89... bombers are already at 27 years and counting son! Here's to another 27 years of beautiful infertility!

Go Riders Go!!! Time for another cup! Home of the finest stadium in all of the land!

BombersJets said...

Hahaha wow Morgan you have the biggest (ironic) Napoleon complex around. Sad that all you have to look forward to in Regina is 6 months of mediocrity. I've lived in Regina and while I enjoyed my time there it's not the paradise you seem to be so delusional about.

Can't wait to be at New Mosaic on Canada Day and watch the Bombers beat down the Riders live!

Morgan said...

I don't live in regina anymore. I have to say that I miss it. It's a beautiful city. I'm an edmontonian now. Edmonton is also a wonderful place to live. Winnipeg however, is the toilet of canada! See you on july 1st! You will be the loser crying wearing one of those god awful ugly blue and gold jerseys!

Randolph Charles said...

Why do you guys have to lower yourself to mud slinging? It's great news to hear the Bombers are doing well financially. I remember my late father saying "don't be harsh on the Bombers, they were on the Riders' side when it counted!" So if the Riders and Bombers are doing well, I know the League is in good shape. And the rivalry is still the best in the league! Embrace it!