Riders report loss of $7.5 million after 2020 CFL season cancelled due to COVID-19
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Monthly Digital Subscription
$1 per week for 24 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $4.00 plus GST every four weeks. After 24 weeks, price increases to the regular rate of $19.00 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
Monthly Digital Subscription
$4.75/week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $19 plus GST every four weeks. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
*Your next subscription payment will increase by $1.00 and you will be charged $16.99 plus GST for four weeks. After four weeks, your payment will increase to $23.99 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
Hey there, time traveller!
This article was published 26/06/2021 (1565 days ago), so information in it may no longer be current.
REGINA – The Saskatchewan Roughriders reported a loss of $7.5 million at their 2020-21 annual general meeting as the club deals with the financial fallout from the cancellation of the 2020 CFL season.
The club said in a release that its operating revenues dropped 74 per cent to $10.3 million in 2020-21 due to the cancellation of the season and other issues raised by the COVID-19 pandemic. The Roughriders said $3.9 million of those revenues came from federal pandemic relief programs.
The Roughriders posted operating revenues of $39.6 million and a net loss of net loss of $210,064 in 2019-20.
The team said it is facing a roughly $6-million cash flow deficit from its operations, and is expecting “significantly more” moving forward as it recovers from the pandemic.
The CFL is set to kick off an abbreviated 14-game 2021 season on Aug. 5.
This report by The Canadian Press was first published June 26, 2021.