Roughriders' profit reaches all-time high of $10.4M, AGM hears

The Saskatchewan Roughriders made a profit of $10.4 million last season, according to information released at the club's Annual General Meeting Tuesday. It is a franchise record.
The Saskatchewan Roughriders won the 2013 Grey Cup in November after defeating the Hamilton Tiger Cats in Regina. (Frank Gunn/Canadian Press)

The Saskatchewan Roughriders made a profit of $10.4 million last season, according to information released at the club's Annual General Meeting Tuesday. It is a franchise record.

Craig Reynolds, the Roughriders’ Chief Financial Officer, noted the figure includes "a net profit of $9.3 million from hosting the 2013 Grey Cup."

The team won the CFL Championship game before a home crowd and benefited from a week-long series of revenue-generating events.

Roughrider merchandise also played a significant role in the club's finances. Merchandise sales, including sales of Grey Cup items, exceeded $13 million last year.

The Roughriders also noted they are continuing to put money aside so they will be ready to pay for their capital contribution — $40 million — to Regina's new football stadium which is under construction and slated to open in 2017.

The club is contributing $25 million for the $278 million stadium. Another $15 million will be spent on team spaces, including offices and training rooms.

With files from CBC's Adrian Cheung

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