Realty One

Tuesday, April 16, 2019

BOMBERS POST $2.6M PROFIT


WINNIPEG -The 2018 season was another profitable one for the Winnipeg Blue Bombers.

The Bombers announced Tuesday they posted a profit of $2.6 million last season.

“We are pleased with our overall financial results for 2018,'' president/CEO Wade Miller said in a statement. “These results are a testament to the strong support from our fans, season-ticket members, and corporate partners.

“Our team should be proud of our financial results.''

The Bombers had a profit of $5.1 million in 2017. However the club announced in its annual report that last year there were no other major events at Investors Group Field than the Manitoba Marathon.

Total operating revenue was $33.4 million, an increase of $970,000. Game revenue was down $1.4 million (10.5 per cent) as the Bombers didn't host a 2018 home playoff game, while stadium management revenue decreased $1.8 million over 2017.

There was also a decrease of $830,000 in overall stadium occupancy costs with fewer non-football events at Investors Group Field.

Operating expenses totalled $30.8 million, an increase of $3.4 million, while overall football operations expenses were up by $470,000 with the Bombers playing in both the West semifinal and final.

(Canadian Press)

3 comments:

Anonymous said...

The Winnipeg Blue Bombers along with Investors Group Field the new Edmonton Eskimos of the CFL, a powerhouse organization with plenty of money to boot. Success looks good on that team. Also... Investors Group Field the Crown Jewel venue destination of Canadian sports 24/7/365.

Dom

Anonymous said...

Will the ROCK take over the Saskatchewan Roughriders? Outside private ownership in the best of the franchise moving forward. This community team not benefiting anyone except a few classless moochers with their hands out all the time.


Anonymous said...

Good for the Bombers. Nice to see every club being successful. Don't feel sorry for the Eskimos. They do quite well. They give a lot of money to amateur football every year - over $800,000 this past season which was tops in the league. They are also the first club to share the profits of the Grey Cup game with all other 8 teams, which will be the case going forward. So their profits will be directly affected by that money given out to amateur & CFL teams. The Eskimos have had a long history of supporting the league in past equalization plans & so forth. You don't hear them talking about it much, unlike some other club in particular. The Bombers have been a financial powerhouse for a few years now &, in fact, the net profit after all the costs has been better than the Riders. We'll see how that turns out this year when more reports come in. So, great. For the good of the league hopefully they are not the only "powerhouse" team financially in the CFL.