Winnipeg Blue Bombers post 2023 operating profit of $5.7 million

It was another strong season off the field for the Winnipeg Blue Bombers.The CFL club announced it posted a net operating profit of $5.7 million in 2023, a season that saw Winnipeg (14-4) finish atop the West Division for a third straight year. A fan poses with a Blue Bombers wrestling belt ahead of the 110th CFL Grey Cup against the Montreal Alouettes in Hamilton, Ont., on Sunday, November 19, 2023. (Nathan Denette/CP)

It was another strong season off the field for the Winnipeg Blue Bombers.

The CFL club announced it posted a net operating profit of $5.7 million in 2023, a season that saw Winnipeg (14-4) finish atop the West Division for a third straight year.

The community-owned franchise also made a fourth straight Grey Cup appearance, dropping a 28-24 decision to the Montreal Alouettes at Tim Hortons Field in Hamilton.

Winnipeg announced its 2023 profit Thursday upon releasing its annual report.

Revenue totalled $50.5 million in 2023, up $5.1 million (11.2 per cent) over 2022. 

The club’s gate receipts increased to $15.1 million (9.6 per cent ahead of last year) while game-day, merchandise and concessions revenue hit $11.5 million, (10.5 per cent increase).

However, the numbers continue to look bleak for Valour FC, the Winnipeg-based Canadian Premier League soccer club owned and operated by the Blue Bombers.

The report stated that Valour lost $1.25 million last year and said the club’s finances continue to be uncertain.

The Bombers reported a $950,000 loss from operating the CPL franchise on its 2022 annual report.

When submitting content, please abide by our submission guidelines, and avoid posting profanity, personal attacks or harassment. Should you violate our submissions guidelines, we reserve the right to remove your comments and block your account. Sportsnet reserves the right to close a story’s comment section at any time.