After bad year on the field, Roughriders grind out $34K profit
Team had posted loss of $4.3 million in 2015-16 fiscal year
The Saskatchewan Roughriders franchise has eked out a meagre profit a year after losing more than $4 million.
The team made a profit of $34,000 during the 2016-17 fiscal year, according to a post on the team's website.
The year before, it lost $4.3 million.
Economy blamed for sagging revenues
Revenues in 2016-17 declined by $1.5 million.
The team blames a struggling economy and its performance last season, in which the team failed to make the playoffs.
Despite its expenditures having exceeded its revenues, the team managed to turn a small profit anyway thanks to "improved management of their expenditures" and $3 million in capital fundraising.
The latter figure comes on top of the team's revenues, says Ryan Pollock, a spokesperson for the Saskatchewan Roughriders Football Club.
Expenses during the year declined by $2.3 million.
Ticket sales up
The largest percentage of revenues came from ticket sales, totalling $16 million, up $350,000 from the year before.
Merchandise sales totalled $6.1 million, down by roughly $1 million.
The team's complete financial report will be released June 21 at its annual general meeting in Regina.