Thread by @ByMatthewBlack

Here are some highlights from the EE Football Team's annual report:

*Board of director chair Janice Agrios writes "the last year has been the most difficult year in the history of the Edmonton Football Team"

#CFL @EdmFootballTeam #yeg

Re: team name change
*Agrios: "The team will take to the field this year with a new name"
*No details on when the name is changing
*"We expect to be in a position to announce a new name shortly"
#CFL @EdmFootballTeam #yeg

Agrios:
"These are uncertain times. Many have suffered and lost loved ones. But Edmonton is and has always been resilient. Our team and our fans are no different."
#CFL @EdmFootballTeam #yeg

Re: team finances
*Team had "significant decreases in net operating income"
*Net operating loss was $7.1M (2019 loss was $626K)
*Team incurred "significant expenses and commitments" in effort to play 2020 season (cancelled on Aug 17)

#CFL @EdmFootballTeam #yeg

More finances:
*Team revenue fell by 84% to $3.8M (was $23.5M in 2019)
*Team "was able to mitigate this decline in revenue somewhat through government assistance from the Canadian Emergency Wage Subsidy" ($2.5M)
#CFL @EdmFootballTeam #yeg

President Chris Presson's report:
*Team's football and business ops were reduced to "skeleton operation"
*Notes loss of Joey Moss
*Cites success of 50/50 fundraisers
*"I salute Edmonton for supporting us as we support others in our community"
#CFL @EdmFootballTeam #yeg

Presson report re: name change:
*"Your football team was faced with dynamics locally, nationally and internationally that inevitably left no other option but to take a leadership position on change"
*Now at "exciting time" preparing to launch new brand
#CFL @EdmFootballTeam #yeg

Presson:
"Every member of this organization has the following goals. Playing games in front of fans, making the experience safe and enjoyable, and presenting a championship caliber football team"

#CFL @EdmFootballTeam #yeg