He may not be bluffing – I hold our Caretaker in the highest esteem and am forever grateful for all he’s done for this team – but, that $7m number understandably raises a lot of questions. The people I’ve talked to (not accountants, but certainly not dummies) have questioned how much more than $7m the total operating costs are for a CFL team. If the Cap is $4.5m, and that’s estimated at 60 or 75% of total cost, the numbers start to get harder to rationalize.
A gate of 20,000 a game for 10 games at about $40 bucks a pop lands about $8m in revenue. So, that’s no box seats, no sponsorships or concession/ merch sales. Or, TSN rights dividends.
Again, a breakdown of some kind would be great. It’d help get some clarity, that’s for sure.