Bill Watchorn, the Blue Bombers chairman, says the team will need about $4 million a year to pay the debt of $85 million plus interest! Currently the Bombers have a 44 year term loan at $85 million at an interest rate of 4.65%. How are they going to make this money? Watchorn outlined 4 revenue streams at noon today:
*increased ticket sales, corporate suites, and parking revenue
*naming rights
*facility fee of $6 a ticket
*entertainment tax of 10% on each ticket sold
