Toronto FC is still losing $9 million a year, according to Forbes’ operating income estimates for 2015.
President Manning wouldn’t speak to that number specifically, but did acknowledge the club made some large investments in players — strikers Sebastian Giovinco and Jozy Altidore and midfielder Michael Bradley are three of the highest paid athletes in the league — and BMO Field recently.
“I believe that all those investments are actually going to pay off as our business and revenues are growing,” he said. “That’s how the organization is looking at it.”
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