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  #3661  
Old Posted Oct 20, 2015, 9:12 PM
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^According to the annual report:

Ticket Office: 3%
Donations: 1%
Advertising and PR: 5%
Home Game Expenses: 7%
Concessions: 7%
Administration: 11%
Amortization of Property, Plant & Equipment: 12%
Merchandise: 17%
Football Operations: 33%
Other Expenses: 4%
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  #3662  
Old Posted Oct 20, 2015, 9:18 PM
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  #3663  
Old Posted Oct 20, 2015, 9:50 PM
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Quote:
Originally Posted by HomeInMyShoes View Post
Looking around you can get decent, but not the best tickets for $69 and lousy end zone seats for $29.
Plus the facility fee (now $12 per ticket) and ticketmaster's handling fee.

Single tickets are right around the $40 mark for the crappy endzone seats all in.
     
     
  #3664  
Old Posted Oct 20, 2015, 10:31 PM
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Originally Posted by esquire View Post
^ So what on earth are the Riders spending all their money on if players cost a shade over $4 million, they bring in over $40 million but only have a $2 million profit?
Travel
Insurance ($$$$)
Medical
Staff
Marketing
Taxes

These things are not cheap and will eat into any companies revenues. NFL teams don't make lots of profit either, only TV money bloats up their earnings (from Green Bay, only team with public numbers)
     
     
  #3665  
Old Posted Oct 20, 2015, 11:25 PM
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Quote:
Originally Posted by osmo View Post
Travel
Insurance ($$$$)
Medical
Staff
Marketing
Taxes

These things are not cheap and will eat into any companies revenues. NFL teams don't make lots of profit either, only TV money bloats up their earnings (from Green Bay, only team with public numbers)
No taxes
     
     
  #3666  
Old Posted Oct 21, 2015, 12:05 AM
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Quote:
Originally Posted by Nathan View Post
No taxes
I'm no accountant but it seems unlikely that a $40 million+ operation wouldn't pay taxes.
     
     
  #3667  
Old Posted Oct 21, 2015, 12:38 AM
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Quote:
Originally Posted by esquire View Post
I'm no accountant but it seems unlikely that a $40 million+ operation wouldn't pay taxes.
As per page 25 of the Riders Annual Report:

Quote:
h) Income taxes
As a non-profit organization the Club is exempt from income taxes under Paragraph 149 (1)(l) of the Income Tax Act.

Link to Report
So yes... although unlikely, they don't pay taxes, other than perhaps some municipal taxes completely unrelated to the income.

There are rules to abide by, however. Funds are pushed back into the province (football programs/organizations, charitable donations, sports facilities throughout the province, building a reserve for hard times, investing it back into the business, etc.)
     
     
  #3668  
Old Posted Oct 21, 2015, 1:18 AM
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Rogers Place update:

October 2015 by Thomas Huizinga, on Flickr

October 2015 by Thomas Huizinga, on Flickr

October 2015 by Thomas Huizinga, on Flickr
     
     
  #3669  
Old Posted Oct 22, 2015, 12:03 AM
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Quote:
Originally Posted by esquire View Post
^ So what on earth are the Riders spending all their money on if players cost a shade over $4 million, they bring in over $40 million but only have a $2 million profit?
I think the Riders give money to various community groups (moreso than other teams. Then you have the $15 or $20 million in improvements to Mosaic 3 years ago which I believe has been paid off over 3 or 4 years plus interest.

I think Rider revenues from merchandise account for $7 million in revenues but the profits from this are rather miniscule - that goes for most pro teams. We have to account for the manufacturer, the wholesaler and the retailer (Riders would not have to worry about the last one for their three or four Rider stores). All get a slice of the pie and that probably leaves the Riders with very little profit in the end. Still, certain intangibles can't be valued as easily as money. Hard to put a price tag on the brand awareness created from all the merchandise with Rider colors and logos on it.
     
     
  #3670  
Old Posted Oct 22, 2015, 2:26 AM
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Bombers profits are somewhere around 4M almost every year. But that 4.5 Million dollar loan payment is killing them. I guess they had to dip into the ol savings account last year to make the payment.
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  #3671  
Old Posted Oct 22, 2015, 4:27 AM
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Quote:
Originally Posted by blueandgoldguy View Post
I think the Riders give money to various community groups (moreso than other teams. Then you have the $15 or $20 million in improvements to Mosaic 3 years ago which I believe has been paid off over 3 or 4 years plus interest.

I think Rider revenues from merchandise account for $7 million in revenues but the profits from this are rather miniscule - that goes for most pro teams. We have to account for the manufacturer, the wholesaler and the retailer (Riders would not have to worry about the last one for their three or four Rider stores). All get a slice of the pie and that probably leaves the Riders with very little profit in the end. Still, certain intangibles can't be valued as easily as money. Hard to put a price tag on the brand awareness created from all the merchandise with Rider colors and logos on it.
Mostly right on all your points, although I thought I would clarify/expand some...

Merch sales at Rider Stores have been $7 mill on the low end, averaging closer to $9 mill over the last 5 years. Last year, merchandise expenses were $7 mill. I don't know if that includes rent, employees, and the cost of the actual merchandise, or if it's just the merchandise-specific cost.

These are only values for the Rider stores in particular, of which there are 5 of now (2 in Stoon and 3 in Regina). Rider products are of course also sold in places like the Bay, Canadian Tire, Walmart, Jersey City, etc, and these sales wouldn't figure into the above.

They are a bit ahead of most teams for merchandise in that they get the retail profits from the vast majority of team merchandise sold, while other teams (and the Riders as well) would get a portion of the licensing fees from merchandise sold in general retailers, like those mentioned above. I believe that these licensing fees are actually divided up between the teams equally (with the league taking a portion too), so if there are large Rider sales at these stores, the whole league benefits.

But yes, your last point is likely the most important one. The Riders actually get ideas for products from fans and then go and produce the product if they like the idea.

With the new stadium, in the North end, they will have a larger store than they even have now at the current stadium (which was expanded to be well over double it's original size) and also have a secondary game day shop on the South end of the stadium.


Also... to half respond to the post you were responding to... The Riders were in debt to the tune of $2 or 3 million back in the early 2000s - forgiven by the province, and since then they have amassed $39 million in Net Assets as of 2015 ($28.4 million in Cash and Cash Equivalents), so they have definitely, over the last number of years, built up their value and profits (for stability and investments... we do that have the new stadium to which they are putting $40,000,000+ of the construction)
     
     
  #3672  
Old Posted Oct 23, 2015, 12:30 PM
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Sens owner Eugene Melnyk wants to play an outdoor game in Ottawa beside Parliament Hill in 2017 using a temporary stadium - I have to admit that would look pretty cool.

http://www.tsn.ca/melnyk-confirms-sens-pursuing-game-on-parliament-hill-1.381261

     
     
  #3673  
Old Posted Oct 23, 2015, 2:30 PM
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^that would be awesome.











all from rogersplace.com, rights reserved.
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  #3674  
Old Posted Oct 23, 2015, 3:14 PM
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Quote:
Originally Posted by FrankieFlowerpot View Post
Sens owner Eugene Melnyk wants to play an outdoor game in Ottawa beside Parliament Hill in 2017 using a temporary stadium - I have to admit that would look pretty cool.

http://www.tsn.ca/melnyk-confirms-sens-pursuing-game-on-parliament-hill-1.381261

And the Flames wanted to play on a frozen pond in Lake Louise.

Idea sounds great until you realize you basically need to build a temporary outdoor arena, bring in amenities, washrooms, media booths, etc

All of a sudden, it becomes a ridiculous venture and you end up playing in a football stadium. Fully expect the same to happen in Ottawa.
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  #3675  
Old Posted Oct 23, 2015, 3:31 PM
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Quote:
Originally Posted by FrankieFlowerpot View Post
Sens owner Eugene Melnyk wants to play an outdoor game in Ottawa beside Parliament Hill in 2017 using a temporary stadium - I have to admit that would look pretty cool.

http://www.tsn.ca/melnyk-confirms-sens-pursuing-game-on-parliament-hill-1.381261

I always thought it would be cool to play an outdoor game on the Rideau Canal. Not sure if it would ever work logistically, but a game on an actual body of water (this one is safer) would really bring back the nostalgic part of the game.
     
     
  #3676  
Old Posted Oct 23, 2015, 3:43 PM
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Originally Posted by The Fisher Account View Post
And the Flames wanted to play on a frozen pond in Lake Louise.

Idea sounds great until you realize you basically need to build a temporary outdoor arena, bring in amenities, washrooms, media booths, etc

All of a sudden, it becomes a ridiculous venture and you end up playing in a football stadium. Fully expect the same to happen in Ottawa.
As with all of these kinds of fanciful ideas, it will only happen if Melnyk is successful in sticking someone else with the bill.
     
     
  #3677  
Old Posted Oct 23, 2015, 5:04 PM
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Fairly recent overhead shot of the new stadium and the exhibition grounds in Regina:


Source: Adrian Halter's Twitter

They have now installed about half of the middle spans on the East (right) side of the stadium.
     
     
  #3678  
Old Posted Oct 23, 2015, 7:53 PM
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Quote:
Originally Posted by The Fisher Account View Post
And the Flames wanted to play on a frozen pond in Lake Louise.

Idea sounds great until you realize you basically need to build a temporary outdoor arena, bring in amenities, washrooms, media booths, etc

All of a sudden, it becomes a ridiculous venture and you end up playing in a football stadium. Fully expect the same to happen in Ottawa.
They managed to pull it off in Vegas in the 90s.
     
     
  #3679  
Old Posted Oct 26, 2015, 10:03 PM
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Significant Regina stadium update coming tommorrow

*edit* postponed now for a couple weeks.

Last edited by Migs; Oct 27, 2015 at 6:07 AM.
     
     
  #3680  
Old Posted Oct 28, 2015, 2:41 AM
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Update for the Moncton Events Centre (tentative name for the facility before the naming rights are sold). This will be a 9,200 seat arena to be built on the site of the former Highfield Square shopping mall on Main Street in downtown Moncton. Initial site prep is currently underway. The centre is scheduled to be completed by the summer of 2018. The cost of the project will be $107M. It will be the home of the Moncton Wildcats of the QMJHL and the Moncton Miracles of the NBL (Canada).

Here's an overhead view of the site:



Note in the lower right of this photo, you can see an inset showing an outdoor ice rink. This will be a permanent feature (in the winter time) and will be located in the plaza between the events centre and the Highfield St. extension. The ice plant in the events centre will do double duty, and will be used to maintain this outdoor ice surface as well. In the summer time, the plan is to use the plaza for outdoor events and concerts, with the option to put three outdoors basketball courts in this part of the plaza when not otherwise in use. The events centre will support public usage of the plaza as certain portions of the events centre (such as washrooms) will be available. The small adjacent building (parcel "C") in the photo will be used for skate rentals, storage, a concession or coffee shop and as an information kiosk.

Apparently there is a developer interested in parcel "B" (in the old Highfield Square parking lot). Apparently the Aquillini's (who own the Crowne Plaza block across Main Street) are also in talks with this unnamed developer so that their two projects could be synchronized. If so, there would likely be an overhead pedway between the two developments crossing Main Street. The Aquillini development would very likely contain indoor parking. BTW, the Aquillini family is the same one that owns the Vancouver Canucks.

One of the potential uses for parcel "A" could be a hotel. Condos are another possibility. In either event, they hope for ground level retail along Main Street.



The above photo shows the ground level of the events centre. Entry is via the atrium on the northeast corner of the building. On entering the building, the box office would be to your left, and the Wildcats Boutique would be to your right. To get to your seats, you would have to ascend to the mezzanine level, either by escalators on either side of the atrium, or by a central staircase. For concerts, if you have floor seating, you can enter the floor area directly from the atrium.



The above image shows the mezzanine level of the events centre. Upon ascending to this level from the atrium, you would have an unimpeded view of the ice surface. The club lounge will be located along the east side of the mezzanine, and will be connected directly to the 15 corporate boxes on this side of the arena. Apparently, the club lounge will also be a feature available to the fans willing to pay for upgraded "club" seating. There will be 600-800 club seats. There will be a dedicated club food service in this area.

General concessions {and washroom facilities} will be placed along the north, west and south sides of the mezzanine. There looks to be a lot of washrooms (no waiting). I count six concession spaces (not including the club lounge).



The above image shows the luxury box level. They are located on the east side of the ice surface, and overlook both the ice surface and the club level.

There is one other level above the luxury box level. This is where the press box is located.

Physically, the events centre will be the height of an eight storey building and, as previously mentioned, will have 9,200 seats making it only slightly smaller than Scotiabank Place in Halifax.......
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