Published on April 7, 2010 8:30 PM by dbo. This is a Single Point link, quick commentary on the article linked above (follow the title link to the original article).
Interesting points revealed in Winnipeg’s fiscal year-end financial statements and $1.2 million reported deficit:
- league revenues dropped by $150,000 year-over-year
- almost $1 million ($981,950) in severance charges in 2009 fiscal year
- gate receipts only decreased $66,436 while sponsorship fell $205,232
- deficit was covered by the the team’s surplus, which is now reduced to $3.88 million
The off-season shakeup continues in Winnipeg with the Blue Bomber board of directors. A record of 7-11 while being the only team to exceed the salary cap despite creative roster moves does not sit well in Winnipeg.