The Winnipeg Blue Bombers announced a net profit of $409,000 on the 2010 season, despite a 4-14 CFL record.
The Bombers chalked it up to an increase in total game revenue, which increased $186,000 from the previous season to almost $5.3 million, increases in CFL revenue and no severance costs that the club absorbed by paying off former head coach Mike Kelly and director of player personnel John Murphy.
"It's a good day for the Winnipeg Football Club," said Bombers president Jim Bell. "It certainly encourages us as a football club and gives us a confidence as we move forward to a new stadium (in 2012).
"We're very pleased."
The club reported a loss of $1.2 million in 2009, but now has an overall surplus $4.1 million.