Blue Bombers score $2.3M profit
The Winnipeg Blue Bombers capped their strong 2011 season with a mighty profit in excess of $2 million.
Jim Bell, the team's chief operating officer, announced Monday the club’s net earnings from operations in 2011 are $3.014 million with an overall net profit of $2.333 million after stadium development costs.
That's a major leap from 2010, when the club posted a net profit of $409,191.
"We're very, very pleased," said president and CEO Garth Buchko.
"The staff, both football operations and administration, should be commended on a great season. We had a tremendous turnaround in football and all aspects of the organization are on the rise. We’re very pleased with these results."
As a result, the club's overall net surplus has risen to $6.629 million, up from $4.296 million at the end of 2010.
The surplus was propelled by a 2011 season that started on a high note with record ticket sales and continued with several sell-outs, even with temporary bleacher seats added.
"We were very close to having every seat filled every night here, posting eight sellouts in a row," Bell said.
"The support for this team and this organization is just monumental and we’d like to thank all fans of the Blue Bombers and all of our corporate sponsors for their continued support."
The team went 6-1 early on, erasing memories of the previous season's 4-14 record.
But they went into a tailspin for a bit before holding on to finish atop of the East Division at 10-8. The Bombers eventually went on to the Grey Cup championship game, where they fell 34-23 to the B.C. Lions.