Roughriders profit doubles to $6.6 M
The Saskatchewan Roughriders are crediting fan support for a 2010 football season that has generated $6.6 million in profits for the community-owned club.
The team enjoyed record sales in all areas of its operation, from sell-out crowds in the stands to merchandise sales and sponsorship deals.
The club's annual general meeting is set for June 18.
The Roughriders' 2011 CFL pre-season begins with an exhibition game June 17 at home against the Edmonton Eskimos.
The first regular-season game is also at home, and also against Edmonton, on July 3.
The club has already sold out the Labour Day classic game against the Winnipeg Blue Bombers.
Last year, the team posted a profit of $3.1 million on gross revenues that exceeded $30 million, with about one-third of that generated through ticket sales.
According to last year's annual report, the club has set aside a portion of its profits in a stabilization fund to be used only with board approval. The team has also been saving money in a facility enhancement fund, which last year stood at $5.2 million.
The Roughriders have been participating in feasibility studies and plans for a possible new multi-purpose entertainment venue in downtown Regina.
The team plays at Mosaic Stadium, an outdoor facility owned by the city of Regina. The current lease requires the team to pay rent of 25 per cent of its annual net income, to a maximum of $200,000 per year.