Winnipeg Blue Bombers post 2023 operating profit of $5.7 million
IG Field, the home of the Winnipeg Blue Bombers on Nov. 3, 2022. (Source: Josh Crabb/CTV News)
WINNIPEG -
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.
This report by The Canadian Press was first published April 11, 2024.
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