Ti-Cats Scott Mitchell on their financial predicament
https://3downnation.com/2020/05/12/t...games-in-2020/
Q: Can you explain how the league got to asking for $150 million?
Mitchell: You can get to the numbers very quickly. We can do a great job of educating our fans and being more transparent. With the Ticats, our total player costs are closer to $7.5 million rather than $5 million, that includes everything you do from injuries to some of the other stuff you can do with the players, your benefits, your pension and everything else. The total football operations piece is generally about half of what your total operations are for the season. In our particular case, if you think about our entity on the Ticats side as a $25 million business, it’s about half of that is football operations, that’s all football operations, and half of it is just running the business.
For us in particular the Ticats we will have by the end of the month burned close to $6 million dollars to get prepared for the year. Typically you’re spending that money to prepare for a season and you’re investing that money to get yourself in a situation where you can put on the events. Clearly in our particular case, and I think you’ll see this from other teams, you’re looking at somewhere in that $12 million shortfall if you’re not playing any games, per team.
When you add that together obviously you get to a number that’s north of $100 million dollars, combined with the league office challenges. And then you get into the situation around the uncertainty of when will you be able to get back into playing games with fans, putting on events where all your revenue streams come from. Is that in September? Is that in November? Or is that in March? Or is that in June of 2021?