On the heels of announcing the 2015 CFL Grey Cup Game generated a profit of 7.1 million dollars, the host Winnipeg Blue Bombers have confirmed an overall operating profit of 4.4 million dollars for the 2015 season. The Winnipeg Football club says that represents an increase of $500,000 from 2014.
“Financially, 2015 was a very strong year, our operating and Grey Cup profits totaled $11.5 million” said Winnipeg Football Club President & CEO, Wade Miller. “This was due in part to several events held at Investors Group Field including the FIFA Women’s World Cup 2015, concerts, and the 103rd Grey Cup Game and Festival. These financial results speak volumes about our fans, corporate partners and season ticket members, helping us continue to generate strong profits each year.”
The Blue Bombers total operating revenue for 2015 came in at $28.3 million while total overall operating expenses were $23.9 million. Both represented increases from the year before of $1.5 million and $1.1 million respectively.
The spike in spending was attributed largely, over 75% according to the Blue Bombers financial report, to stadium occupancy costs to host several events. The Winnipeg Football Club also says operating and maintaining the facility costs came in higher than the original “pre-opening” estimates.
The team has also picked up the tab for “significant” Game Day Transportation expenses with respect to fees paid to Winnipeg Transit.
Despite a free agent spending spree in 2015 to sign the likes of Domenic Picard, Stanley Bryant, Darvin Adams, Sam Hurl, and Jamaal Westerman- Football Operations expenses remained consistent with 2014 according to the team.
The Winnipeg Football Club has paid $1.5 million of the 2015 Grey Cup profits to Triple B Stadium Inc. for funding stadium improvements in advance of the 103rd Grey Cup.
In December 2015, the Blue Bombers also made its second scheduled payment of $4.5 million to Triple B Stadium Inc. “We have long maintained it is one of the top priorities of the Winnipeg Football Club to meet our financial obligations, and we will continue to strive to do so,” said Miller.