2016 Financial Reports

Re: 2016 Financial Reports

by Grover » Tue May 09, 2017 7:30 pm

Gerry Moddejonge‏Verified account @SunModdejonge 6h6 hours ago
#Esks announce a net profit of $1.4 million and change for 2016. #CFL


Gerry Moddejonge‏Verified account @SunModdejonge 6h6 hours ago
#Esks announce operating revenue for 2016 of $23.5 million, a decline of 5.4% from 2015. #CFL
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Re: 2016 Financial Reports

by KevinRiley2 » Tue May 09, 2017 8:09 pm

Grover wrote:Gerry Moddejonge‏Verified account @SunModdejonge 6h6 hours ago
#Esks announce a net profit of $1.4 million and change for 2016. #CFL


Gerry Moddejonge‏Verified account @SunModdejonge 6h6 hours ago
#Esks announce operating revenue for 2016 of $23.5 million, a decline of 5.4% from 2015. #CFL

Here's an idea... Work on getting those public ownership costs in line.
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Re: 2016 Financial Reports

by Grover » Tue May 09, 2017 8:39 pm

More numbers from ESKS here

http://www.630ched.com/2017/05/09/eskim ... ef=twitter

The Edmonton Eskimos announced a profit north of $1.4 million Tuesday at their Annual General Meeting held at Commonwealth Stadium. The organization says their net profit from operations was over $2.1 million.

The club’s operating revenue for 2016 was $23.5 million, a decline of 5.4 per cent, mainly due to the Eskimos hosting and winning the West Division final in 2015 and then winning the Grey Cup Game. The Eskimos crossed over into the East Division last season and secured revenues of 30 thousand dollars compared to 1.7 million in 2015.

President and CEO Len Rhodes the organization is finding a way to stay strong in tough financial times.

“The financial side is actually very strong, we were in a tough economy last year but our net profit from operations is $2.1 million and we’re very, very pleased with that,” Rhodes said. “It allows us to continue to be sustainable and always putting things right back into the operations, capital projects, and supporting things like amateur football.”

Average attendance in 2016 for the Eskimos was announced at 30,684 which is a 2.6 percent decline from the previous season. Gate revenues did increased by 3.5% from 2015 as a result of having 10 home games compared to nine the previous year.

The Eskimos spent $3.2 million on capital projects to make improvements to Commonwealth Stadium and the game-day experience. The team announced a donation of $695,000 to amateur football in 2016 through their 50-50 program.
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Re: 2016 Financial Reports

by vanhalendlrband » Wed May 10, 2017 3:18 pm

KevinRiley2 wrote:
slimjim2 wrote:
Argofan_1000 wrote:Last year at this time the financial reports for 2015 were completed for the 3 clubs we were allowed to see the results for. Auditors letters were completed for 2 of them by this time. I posted the financial results for 2015 so we could see them as a reference. When they come out I will post try to post them here

Eskimos
http://d3ham790trbkqy.cloudfront.net/wp ... olders.pdf
Bombers
http://d3ham790trbkqy.cloudfront.net/wp ... t-2015.pdf
Riders
http://d3ham790trbkqy.cloudfront.net/wp ... ort-FA.pdf

taking info from the Riders 2015 financial results and projecting how they will look in 2017, seems like they will approach $45-$50 million in revenue.


Interesting when you break down the financial results. The gate revenue for the Esks was $9 Million but the gate revenue for the Riders was $15.5 Million.
The Riders had the second highest attendance at 31,000 average or roughly $55 per ticket.
The Esks must sell a lot of "cheap seats"
But all teams generate a lot of money from concessions and merchandise, which demonstrates why it is so important to have the "bums in the seats"

What jumps out in the reports is that it's costly to run a CFL team. The 3 most successful teams with the highest attendance make a small profit.

You can always count on Jim with a negative spin...

What I see is a bunch of public teams, with the expenses of a public team. If they were privately run, there would be a ton of savings to be had.

Looks positive on the teams and the League. Of course, there will ALWAYS be naysayers.


Jims a troll
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Re: 2016 Financial Reports

by KevinRiley2 » Wed May 10, 2017 4:30 pm

vanhalendlrband wrote:Jims a troll

He has his moments. :)
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Re: 2016 Financial Reports

by Argofan_1000 » Wed May 10, 2017 6:05 pm

Interesting when you break down the financial results. The gate revenue for the Esks was $9 Million but the gate revenue for the Riders was $15.5 Million.
The Riders had the second highest attendance at 31,000 average or roughly $55 per ticket.
The Esks must sell a lot of "cheap seats"


Next CBA I can see the players forcing an average ticket price on the teams so this doesn't happen. Every team should be able to have a $9 million dollar gate. $40 average X 25000 X 9 games = $9 million

If a $40 average, 25% at $20 and $25% at $60 or higher and the balance at $40 or some combination of this.

A $40 average for the Esk's @ 30000 average per game X 9 games = $10.8 million dollar gate. It's not far from this now. Expensive tickets seem to sell 1st.

Another revenue stream would be a $5 to $10 per ticket supplement to help pay for stadium debt or improvements. I would not be opposed to this. If we want new stadiums with all the features and F.A' signings, draft signings, keeping our own players etc , we are going to have to pay a little more.
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Re: 2016 Financial Reports

by The Last Word » Wed May 10, 2017 7:05 pm

Grover wrote:Gerry Moddejonge‏Verified account @SunModdejonge 6h6 hours ago
#Esks announce a net profit of $1.4 million and change for 2016. #CFL


Gerry Moddejonge‏Verified account @SunModdejonge 6h6 hours ago
#Esks announce operating revenue for 2016 of $23.5 million, a decline of 5.4% from 2015. #CFL


Can't spin this as anything but a huge disappointment for the esks. A decline in revenue coming off the heels of the Grey Cup victory. Their president is anything but a marketing guru. Hopefully he will be fired at the end of this season as Esks crowds have seen a noticeable decline during his tenure.

As an aside, The Bomber organization blew the Esks out of the water in terms of revenues - nearly 4 million dollars more in 2016. Pretty impressive for an organization with no Grey Cups in 26 years.
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Re: 2016 Financial Reports

by The Last Word » Wed May 10, 2017 7:09 pm

KevinRiley2 wrote:
Grover wrote:Gerry Moddejonge‏Verified account @SunModdejonge 6h6 hours ago
#Esks announce a net profit of $1.4 million and change for 2016. #CFL


Gerry Moddejonge‏Verified account @SunModdejonge 6h6 hours ago
#Esks announce operating revenue for 2016 of $23.5 million, a decline of 5.4% from 2015. #CFL

Here's an idea... Work on getting those public ownership costs in line.


You keep saying this yet you have never provided any proof that the privately owned teams have a tighter control on expenses than public owned teams. By the way, these are publicly owned teams in the loosest sense as there is not some huge bureaucratic regime working within in the employment of the Riders, Bombers and Eskies.
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Re: 2016 Financial Reports

by HfxTC » Thu May 11, 2017 1:37 am

I've always found it amusing that fans of Community owned team think Private teams make more money and private team fans the opposite. Its like comparing a dog and a cat. Both walk on all four but that's where it stops.

Its actually amazing that both models can exist in the same league.
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Re: 2016 Financial Reports

by Argofan_1000 » Sat May 13, 2017 8:35 am

The Last Word wrote:
Grover wrote:Gerry Moddejonge‏Verified account @SunModdejonge 6h6 hours ago
#Esks announce a net profit of $1.4 million and change for 2016. #CFL


Gerry Moddejonge‏Verified account @SunModdejonge 6h6 hours ago
#Esks announce operating revenue for 2016 of $23.5 million, a decline of 5.4% from 2015. #CFL


Can't spin this as anything but a huge disappointment for the esks. A decline in revenue coming off the heels of the Grey Cup victory. Their president is anything but a marketing guru. Hopefully he will be fired at the end of this season as Esks crowds have seen a noticeable decline during his tenure.

As an aside, The Bomber organization blew the Esks out of the water in terms of revenues - nearly 4 million dollars more in 2016. Pretty impressive for an organization with no Grey Cups in 26 years.



EE's didn't have the 10th game at home in 2016. They are also sitting with a $32 average ticket price. Adding the 10th game back just to see and changing to a $40 average ticket price more inline with everyone else puts this team at 5.3 million profit plus additional game day revenue. Add back 3+ million in capital improvements and you see the team is not doing that bad. This team could have a large return (30% +) from a non profit entity. If they get the GC and sell the stadium they can pocket upwards of 12- 15 million from 1 game. Not too bad for a CFL team. If they win the GC bid they need to think about how to protect this money so they don't waste this GC revenue
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Re: 2016 Financial Reports

by brianjoxx » Sat May 13, 2017 10:19 am

Great work Eskies . No debt. Money in the bank every year. Well managed in office and field. Good group of coaches and players. Well loved and respected organization by community. Very reasonable ticket prices.
And as a bonus no Corky or Herbless. Now that is a winning recipe.
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Re: 2016 Financial Reports

by KevinRiley2 » Sat May 13, 2017 1:09 pm

brianjoxx wrote:Great work Eskies . No debt. Money in the bank every year. Well managed in office and field. Good group of coaches and players. Well loved and respected organization by community. Very reasonable ticket prices.
And as a bonus no Corky or Herbless. Now that is a winning recipe.

Well said. :thup:
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Re: 2016 Financial Reports

by slimjim2 » Mon May 15, 2017 7:34 am

brianjoxx wrote:Great work Eskies . No debt. Money in the bank every year. Well managed in office and field. Good group of coaches and players. Well loved and respected organization by community. Very reasonable ticket prices.
And as a bonus no Corky or Herbless. Now that is a winning recipe.


But they made more money when Corky got them to the Grey Cup.

Not sure about the average ticket price being $32, yes their ticket revenue is well below the Riders and if you average it out, it comes to around $32. They must sell a lot of cheap tickets.
If you look at the revenue from the Riders, it works out to around $60 a ticket.
The majority of tickets in Ottawa and Hamilton, seats between the 30 yard lines, are around $60 to $80 average.
Every city has their own prices based upon the market and the demand.
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Re: 2016 Financial Reports

by Argofan_1000 » Thu May 25, 2017 5:30 pm

Still waiting for the Riders Financial statements. The SRR's auditors report last year was signed May 26, 2016 so we should hear something soon.

Anyone know when their general meeting is?
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Re: 2016 Financial Reports

by depopulationINC » Thu May 25, 2017 6:44 pm

Argofan_1000 wrote:Still waiting for the Riders Financial statements. The SRR's auditors report last year was signed May 26, 2016 so we should hear something soon.

Anyone know when their general meeting is?


3rd week of June.

Expect a net loss...as was explained last year...and the year before. Writing off a lot of assets last year 2 years and bringing on new actual debt.
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