The Winnipeg Football Club shaved $4.5 million off its outstanding debt for the construction of the new stadium.
They released a statement saying they managed to meet their financial targets, thanks to high attendance and sponsorships.
“We are serious about and committed to meeting our financial targets,” said Wade Miller, President and CEO of the Winnipeg Blue Bombers.
The football club owed $85 million for its share of the construction of Investors Group Field, which cost $190 million in total, with the province and city kicking in funds.
The club credits good attendance at Blue Bombers games, corporate sponsorships, high-profile concert tours, and the Canada-U.S. women’s soccer friendly with helping them meet their targets.
The club’s repayment plan, released in 2010, also included a hike in ticket prices and a $6 fee added to each ticket for Bombers games to help cover the loan costs.
