NFL Reluctant On Long-Term "TNF" Deal Flacco Stars In Humorous Pepsi, Tostitos Ad Raiders Move Into New Training Facility DraftKings Inks Deals With Cowboys, Chiefs, Pats Judge Questions Goodell's Understanding Of CBA McEnroe Brothers Talk Kyrgios' Tennis Impact Alameda, Raiders Officials A No-Show At Presser Columnists Implore MLB To Install Nets Lenovo Launches Fantasy Football-Centric Ads League Notes
SBD/6/Leagues Governing Bodies
THIS IS NOT YOUR FATHER'S CFL AS TEAMS SET TO MAKE A PROFIT
Published August 6, 1997
Despite a slight decrease in attendance and TV ratings, the CFL is "on the verge of turning a record profit," according to Marty York of the Toronto GLOBE & MAIL. CFL sources said that the league is "anticipating" taking in "about" C$4M in TV, sponsorship and licensing revenue by season's end, to be distributed among the eight clubs. That revenue will be combined with the C$4M in NFL assistance this year, meaning "that each CFL club will be picking up" an extra C$1M. That C$1M for each franchise "represents megabucks -- enough to ensure that each organization will finish in the black for the first time in decades." League Chair & Acting Commissioner John Tory: "There is no doubt in my mind that the overall financial health of the CFL is better than it has been in a very long time. ... Under no circumstances ... will the league be writing out any cheques to bail out any of our franchises this year" York: "So delighted are CFL executives with the bottom line this season that it appears they have called off their search for a new full-time commissioner. ... It seems safe to conclude that Tory will continue to serve as a volunteer commissioner for the rest of this season at least" (GLOBE & MAIL, 8/6).