Barons, Rants are fun. you actually count me words? nice. hehe.
For Drummer, No the number isn't pulled out of thin air. Nor do I think the Blue Bombers are the highest valued team(that is Edmonton at 25-30M atleast but they have a 14M bank account))
First go to the Bombers Finacial statement, they have 4M in the bank.
yes Winnipeg enterprises owes money to the City/bank but that is not the Winnipeg blue Bombers organization although there is a tax on bomber tickets to pay that money off.
Now as for the Bombers year to year revenues, in 2008 the Bombers will see a Revenues increase from the league of around 470K, this is over the 1.9M they got this year(yes I am including the fact they got 700K this year from the league this year to change divisions)
that 470K + not paying players bonuses(Khan + Brown) to beat the SMS system means the team breaks even.
Now if the team gets a home playoff game that's what 500K$?(a boost of their ticket revenues by 1/9)
That puts the blue at 500K$ profit. Concessions cover players, game day and so on.
If the blue keep on their current pace and keep improving attendance wise?
For example, the blue just re-newed with their biggest sponsor for 3 years is it?(Labatt Blue) which should mean atleast a Modest increase considering the team is on the up and up.
yes this team was in a horrible finacial situation as was BCL before Braley, TO before their group, the previous Als organization, Hamilton before Young, Calgary before their Forzani.
The only team who hasn't had some finacial problems is Edmonton(thus why their worth the most)
This does depend on the SMS working, I'll admit if that fails everything is meaningless. But if teams don't spend beyond that 4.05M on player expenditures(atleast until after the 2009 season in which the cap can rise by a couple hundred thousand)
Each team should be looking at solid profits.
BCL, MTL at 2-3M
EDM, TO, CGY, WPG, HAM at 1-2M
SSK at 1M(depending if they get their stadium upgrades and other concerts like the rolling stones ones if they do the number goes up)
To say a CFL team, which will all be in a fairly strong finacial situation.(Barring a major event, like a stadium collapsing)
is not worth say it's yearly revenues doesn't make sense.
Look at how much Nashville sold for, how does that work they lose money each year and make 60M a year?
if the NHL makes 2.4B and 1/3 of that is from canada = 1.608B from the USA/20 = 80M from each US team.
If Dallas, Colorado, NYR and Detroit don't bring in over a huge % of that money I'd be really suprised.
It's more like 450M from those 4 teams and 1.158M from the rest = 72.4M average US team, and Nashville is a below average US team.
Nashville sold for 220M, over 3 times what they make in revenues per year(and they lose money yearly)
now a CFL team, which would be making money yearly or atleast easily can(providing they follow the SMS) to not be worth their year revenues.. a tad odd.
now maybe if they had a stadium deal like Ottawa but that's not the case in most CFL cities.
Most teams have full control of their venue or stadium options on the horizon(BCL and TO specificly, but also new stadiums for WPG and POSSIBLY!!! CGY soon)
Right but your going to say... but from all the teams which have released their finacial numbers they've been losing or barely making money.
which CFL team that released their finacial numbers spent under 4.05M on players in 2006?
Winnipeg spent - 4.25-4.4M - atleast 200K over the cap but likely 300K+(bonuses)
Edmonton Spent - 4.6-4.75M - atleast 600K over the cap, 460K in bonses
Saskatchewan spent in excess of 5M - atleast 1M over 2007 cap. what 500K in bonuses?
It looks like all these teams are in a good finacial situation for the 2008 Season when they receive an extra 1M(Winnipeg 470K) in league money(TSN/RDS deal)
an extra 670K for Winnipeg = yearly profit(playoff games mean over 500K more)
an extra 1.6M for Edmonton = 2-3M in yearly profit? (oops put them in the wrong bracket before)
an extra 2M for Sask = atleast breaking even without rolling stones concerts with rolling stones 2M+ in yearly profit?
Seeing MTL's, BCL and TO's numbers would be great.