The black and gold will actually be in the black for the first time in decades!
Geesh - I knew it had been quite a while since the Cats had made money but I didn't realize it may actually be 40 years since the team made a profit. We're lucky to have had owners like Bob Young willing to lose so much money on them over all those years - otherwise we likely wouldn't have the Cats any more here in Hamilton with a financial track record like that.[url=http://www.torontosun.com/2015/05/25/tiger-cats-expect-to-be-in-the-black-for-first-time-in-decades]http://www.torontosun.com/2015/05/25/ti ... in-decades[/url]
The last time the Hamilton Tiger-Cats are believed to have turned a profit, Angelo Mosca had just hung up his cleats.
That's why this could be a historic season in the Hammer.
Ticats president and CEO Scott Mitchell is under the impression that the last time the organization made money was 40 years ago, in the mid-1970s. Thanks to the brand new Tim Hortons Field, where this year the Ticats will play a full season for the first time, owner Bob Young should finally be in the black.
"It's been well over three decades and potentially four that we've had a facility in operation that you could claim as sustainable and hopefully profitable," Mitchell said Monday during a league sponsored conference call. "Everybody understands that's the reason why Bob Young got involved in this thing, was to get the franchise to a point of stability. He's been an unbelievable owner."
Mitchell said the Tiger-Cats would have posted a profit last year had they been at Tim Hortons Field for the entire season as expected, but construction woes forced them to McMaster's Ron Joyce Stadium for the first two months of the campaign.
New stadiums bring many new revenue streams, including concerts and expensive seating opportunities, and Tim Hortons Field is no exception. While he wouldn't reveal the number of season tickets that have been sold, Mitchell expects the park to be sold out for every home game.
"Our expectation is we will have a sold out season at Tim Hortons Field, which has a capacity of about 24,000 people," Mitchell said.