Dead serious and this discussion has been had before and I don’t intend to rehash it.
Per capita Toronto isn’t a great sports town, especially when it comes to football. Winnipeg where I live now is far more of a sports town in a far more competetive market- that is a sports team or any business will find it much harder to succeed in Winnipeg given it’s limited population.
I worked out the math in previous posts and won’t go through it again, but suffice it to say that the numbers you throw out are completely unimpressive in a market of some 8 million. Winnipeg can draw 45,000+ to a Bomber and Jets game on the same day with one tenth of the population base to draw from. Now that’s a sports town!