Winnipeg Football Club generates $7.1 million of net profits from 103rd Grey Cup
WINNIPEG, MB – The Winnipeg Football Club today announces the club generated $7.1 million of net profits from hosting the 103rd Grey Cup game and Festival events.
“The profits were aligned with our original projected targets for the Winnipeg Football Club. We would like to thank all our amazing season ticket members, corporate partners and fans across the CFL for making the 103rd Grey Cup a resounding success.” said Wade Miller, President and CEO of the Winnipeg Football Club. “We also thank all of our volunteers, committee members and staff for their tireless efforts throughout year-long planning and week of the Grey Cup. We appreciate the support of the City of Winnipeg, Province of Manitoba, and the Winnipeg Convention Centre for helping us set the new standard for future Grey Cups.”
The 103rd Grey Cup profits more than doubles the $3.2 million of net profits the Club earned from hosting the 94th Grey Cup game and Festival in 2006.
The Club already paid $1.5 million of the Grey Cup profits to Triple B Stadium Inc., as Triple B funded stadium improvements in advance of the 103rd Grey Cup. The remaining $5.6 million of Grey Cup profits forms part of the Club’s long-range plan to provide financial stability going forward.
Additionally, the economic impact of the 103rd Grey Cup on the City of Winnipeg from visitor expenditures and local resident disbursements was substantial; the total combined activities of the week-long celebration contributed $80 million in benefits, primarily to the City of Winnipeg.
The Winnipeg Football Club is ready for the 2016 season and looks forward to hosting its first preseason football game on Wednesday, June 8th against the Montreal Alouettes. The club will kick off the 2016 regular season on Thursday, June 24, also against Montreal.
