[Le Grande Orange]

Similar to the Green Bay Packers, there are three community-owned teams in the Canadian Football League: Edmonton, Saskatchewan, and Winnipeg. As a result all three publicly publish their financial results. To provide contrast to Green Bay, the financial statements for the community-owned CFL teams are shown below. The difference in the scale of money involved is readily apparent.


Edmonton Elks
Canadian Football League

Financial statements for the 2022 season
Source: Edmonton Elks 2022 Annual Report (p.19)

                                                             Year ended Dec. 31

                                                          2022          2021
REVENUE

Gate receipts                                         6,609,492     5,344,567
Canadian Football League distributions                6,428,015     3,978,000
Sponsorship                                           4,140,175     4,718,003
Concessions and game day                              3,286,518     2,322,674
Merchandise                                             999,628     1,319,247
Canadian Football League distributions -- Grey Cup      500,000       500,000
Interest and other                                       91,468        20,446
Government assistance                                       ---     2,574,747

TOTAL REVENUE                                        22,055,296    20,777,684


OPERATING EXPENSES

Football Operations
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  Players and coaches                                 8,780,432     8,046,775
  Away game travel                                      944,631       679,259
  Scouting and football administration                  902,167     1,922,304
  Medical, video, and other team costs                  840,325     1,359,882
  Training camp                                         658,161       533,937
  Equipment and training supplies                       264,257       293,563
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  Total                                              12,389,973    12,835,720

Administration and other
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  Administration                                      2,935,281     3,268,387
  Game day                                            2,595,666     1,774,491
  Leaseback charges for commercial rights             2,556,198           ---
  Marketing and community relations                   1,383,662       879,619
  Ticketing and customer service                      1,266,206       996,699
  Merchandise                                         1,005,411     1,238,329
  Sponsorship                                           879,793       642,694
  Communications                                        38,3147       245,641
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  Total                                              13,005,364     9,045,860

TOTAL OPERATING EXPENSES                             25,395,337    21,881,580


OPERATING PROFIT (LOSS)                              (3,340,041)   (1,103,896)


OTHER REVENUE (EXPENSES)

50/50 raffle revenue                                    864,583     1,762,225
50/50 raffle expenses                                  (864,583)   (1,762,225)
Gain on sale of building                                    ---     1,152,818
Community donations                                      (6,111)      (12,437)
Renal and miscellaneous                                 (47,533)       29,522
Amortization of capital assets -- Capital Asset Fund   (344,508)     (995,505)
Investment income (loss) -- Stabilization Fund         (572,927)    1,347,179
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Total                                                  (971,099)    1,521,577


NET PROFIT (LOSS)                                    (4,311,140)       417,681