Here are some notes from the Bombers Annual Report that I found interesting.
Alouettes thing... Bombers declared they had a remaining unpaid loan portion owing of $428 650.00 of the Alouettes 2019 season operating costs through contributions to a numbered company. But what is interesting is they claim that loan will never be repaid and have written off the loan. Now you would think that money would have been repaid from the proceeds of the sale of the team but apparently they will only get 170.000.00 of that back. Maybe the clown squad (Pedersen, Naylor, Lahji) will dig what this is about. Right...
Advances from the CFL: Looks like the league disbursed $900 000.00 in advancesto the teams, no reason is given, are the proceeds of the sale of the Alouettes hidden in there? How is it that teams would finance a numbered company and once the asset is sold, they would only receive a small fraction pf any of the money back? Corporate Altruism? Or did the teams raid the CFL bank account and leave it empty? Handing out 8.1 million dollars based on no income is quite something.
Top Heavy Bombers: In spite of not playing a season, laying off employees and not paying a penny to players other than a few bonus. The Bombers managed to spend 8.6 million dollars on Administrative salaries and football operation and various "marketing" related expenses. They even found a way to spend and additional $1 665 835 dollars on gamed day expenses while not hosting a SINGLE game!
You can see why players are angry. Now someone should find out where the proceeds from the sales of the Alouettes went cause the owners of the Bombers apparently got burned for almost half a million. You would think teams would have been made whole before the Wetenhall family.