The Montreal Alouettes lost more than $12 million in 2018, according to CBC Radio Canada reporter Michel Chabot.
From Chabot’s report:
The Alouettes have lost $50 million since the Wetenhall family owned the team, including $25 million for three years. In 2018 alone, losses would have reached $12.5 million due to a revenue decline of approximately $6 million and an increase in expenditures of more than $6 million.
The Wetenhall’s have owned the Alouettes since 1997 when Robert brought the team back from the brink of insolvency. He was responsible for the team’s successful relocation to Percival Molson Stadium and eventually expansion while overseeing the team’s run of dominance from 1999 to 2012 when the Als finished first in the East Division nine times in 14 seasons, winning three Grey Cups.
The team has fallen on hard times in recent years, missing the playoffs for four straight seasons, the longest streak in franchise history. The Alouettes have struggled at the gate as well as fans have tired of the perpetual on-field ineptitude and it shows on the reported financials.