Riders post over $200,000 loss for 2019-2020 fiscal year

The Saskatchewan Roughriders posted a loss of over $200,000 for the 2019-2020 fiscal year.

According to Regina Leader-Post reporter Murray McCormick: the Riders garnered increased revenues through sponsorships, a home playoff game and fundraising during the 2019-20 fiscal year.

However, some of the gains were offset by funds that were already spent on the 2020 Grey Cup game, which was moved by the CFL to 2022 as a result of the coronavirus, and league expenses. The Riders had already spent $500,000 on the 2020 Grey Cup game, which was to be played at Mosaic Stadium on Nov. 22.

The Green and White’s gate receipts for 2019-20 were $17.1 million, compared to a franchise-record $17.2 million in 2018-19.

The total merchandise sold was $6.0 million, down from $6.8 million last year. Sponsorships increased to $7.3 million, from $6.8 million.

The Riders were active in the community during 2019-20, donating $1.28 million to not-for-profit and charitable organizations across Saskatchewan.

Each CFL franchise paid $660,000 for the Montreal Alouettes to operate under the watch of the league in 2019. That payment caused the Riders to go into the red for the first time in three years.

Saskatchewan earned a net profit of $1.4 million in 2018-2019 which was up from $781,930 in 2017-2018 and $33,000 in 2016-2017.

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