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Edmonton Eskimos post profit of $2.8M for 2018 campaign

WATCH ABOVE: The Edmonton Eskimos are getting closer to naming a new team president – May 7, 2019

The Edmonton Eskimos posted a $2.8-million profit for the 2018 season.

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The Eskimos unveiled the surplus in Janice Agrios’ report tabled Tuesday at the CFL club’s annual general meeting.

The Eskimos’ operating revenue for 2018 was $25.1 million, an increase of two per cent over 2017. The club’s gate receipt revenues, though, decreased by one per cent ($89,000), due to weather-related issues.

READ MORE: Edmonton Eskimos select DL Matheiu Betts in 1st round of 2019 CFL Draft

Watch below: Some recent videos from Global News’ coverage of the Edmonton Eskimos

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Sponsorship revenues increased by 9.3 per cent from 2017. Concession and game-day revenues were down 1.3 per cent while merchandise sales declined 8.5 per cent, mainly due to increased Grey Cup merchandise sales throughout the season.

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Edmonton staged the 2018 Grey Cup game.

READ MORE: Study shows total 2018 Grey Cup economic impact exceeding $81M

Watch below: Some Global News videos about the CFL’s Grey Cup.

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Total operating expenses were $23.6 million, a reduction of $460,000 from 2017. The Eskimos also finished the season under the ’18 CFL salary cap of $5.2 million.

Watch below: Edmonton Eskimos coach Jason Maas spoke to the media on Tuesday ahead of the upcoming CFL season.

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