Riders AGM In The Books

Today, the Saskatchewan Roughriders held their 2009-10 Annual General Meeting at the Queensbury Convention Centre.

2009-10 AGM ANNOUNCEMENTS

FINANCIAL REPORT
During his financial report, Craig Reynolds, the Saskatchewan Roughriders’ Chief Financial Officer, revealed the Football Club reported a record-profit of $3.1 million. The club exceeded the $30 million plateau in total gross revenues.

TICKET SALES
Record overall attendance at Mosaic Stadium drove record revenue from ticket sales. Gate receipts totaled $10.2 million surpassing the prior year’s total of $9.3 million by 10%. The Club’s season ticket base increased by 10% over the prior year and the increased capacity through a full year of available temporary seating contributed to record gate receipts for the Club.

MERCHANDISE SALES
The Club sold $7.1 million in merchandise during 2009/10, an increase of 9% over the prior year’s sales of $6.5 million. During the year, the Club opened a Rider Store in Saskatoon – its third Rider Store location – and saw a tremendous response from that market achieving $1.5 million of sales at this location in only five months of operations.

CHAIRMAN OF THE BOARD OF DIRECTORS
The meeting marked the last official day for Rob Pletch as Riders Chairman after serving in that position for the past three years. The current Board of Directors has named Roger Brandvold as the Club’s new Chairman. Brandvold is a Senior Vice-President and Partner at Connor Clark & Lunn Private Capital Ltd. which is Canada’s second largest independent money manager. Brandvold has served on the Roughriders Board of Directors since 2005 and has spent the past two years as the Riders Vice-Chair. Roger, his wife Carie and their children Kristen and Derek reside in Emerald Park.

BOARD OF DIRECTORS
Under the governance guidelines, the Rider shareholders selected a new Board of Governors at the meeting. Returning to the board this year will be new Chairman Roger Brandvold, Vice Chair Rory Picklyk, Director’s Doug Emsley, Paul Hill, Dennis Mulvihill, Laurie Powers and Joel Teal. Shareholders also voted in four directors Twyla Meredith (re-elected), Rob Pletch (re-elected) Wayne Morsky and Jeff Stusek.