2013-14 AGM ANNOUNCEMENTS
During his financial report, Craig Reynolds, the Saskatchewan Roughriders’ Chief Financial Officer, revealed the Football Club reported a record profit of $10.4 million - including a net profit of $9.3 million from hosting the 2013 Grey Cup. The Club set a new record for operating revenues exceeding $43.8 million in total operating revenues. The Club also has allocated $6 million of cash flow from the 2013 Grey Cup to its Capital Campaign to go towards the $40 million the Club needs to raise for capital commitments at new Mosaic Stadium.
The Club saw record revenue from ticket sales as a result of an expanded capacity and leading the league in attendance during the year. Gate receipts totaled $15.4 million surpassing the prior year’s record by 17%.
The Club once again continued to set the pace in merchandise sales in the CFL during the year. Including sales of 101st Grey Cup merchandise, the Club exceeded the $13 million mark in merchandise revenue eclipsing the previous record of $10 million.
BOARD OF DIRECTORS
Under the governance guidelines, the Rider shareholders selected a new Board of Directors at the meeting. Returning to the board this year will be Director’s Arnie Arnott, Randy Beattie, Twyla Meredith, Wayne Morsky, Jeff Stusek and Joel Teal. Shareholders voted in four returning board members Doug Emsley, Robert Leurer Dennis Mulvihill and Laurie Powers. Shareholders also voted in a new member in Barry Clarke who replaces Roger Brandvold who had reached his maximum term on the Board.