The Winnipeg Blue Bombers have an operating income of $5.7 million beyond 2023

WINNIPEG – It's been another strong off-court season for the Winnipeg Blue Bombers.

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

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

Winnipeg announced its 2023 profit on Thursday after releasing its annual report.

Revenue in 2023 was $50.5 million, up $5.1 million (11.2 percent) from 2022.

Club revenue increased to $15.1 million (up 9.6 percent year-over-year), while game-day, merchandise and concessions revenue totaled $11.5 million (up 10.5 percent).

However, the numbers still look bleak for Valor FC, a Winnipeg-based Canadian Premier League soccer club owned and operated by the Blue Bombers.

The report said Valor lost $1.25 million last year and the club's finances are still uncertain.

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

This Canadian Press report was first published on April 11, 2024.

Canadian Press