The Winnipeg Football Club reported an operating profit of $5.7 million in 2023, marking another financially successful year for the organization, credited to the support of season ticket members, corporate partners, and fans.

By the Numbers
  • Revenue totaled $50.5 million in 2023, showing an 11.2% increase over 2022.
  • Gate receipts reached $15 million, a 9.6% increase from the previous year.
  • Game day, merchandise, and concessions revenue increased by 10.5% to $11.5 million compared to 2022.
Yes, But

The Club suffered an impairment loss of $1.25 million on a loan receivable from Valour FC Inc., reflecting uncertainties in the Canadian Premier League team's future cash flows.

State of Play
  • The Club ended 2023 with a Capital Fund balance of $9.6 million and an Operating Reserve balance of $6.6 million.
  • The allocation of funds for stadium improvements and the replacement of the turf are part of the Club's commitment to enhancing the fan experience.
What's Next

The Club plans to utilize the Capital Fund for upcoming stadium enhancements as they aim to maintain the best stadium in the CFL for an exceptional fan experience.

Bottom Line

The Winnipeg Football Club's robust financial performance in 2023, underscored by the substantial operating profit and revenue increases, signifies the vital role of stakeholders in ensuring the Club's success on and off the field.