 Only the four publicly held teams in the league reveal their financial information, as those companies are required to do so under Canadian law.As of 2013, prior to Ottawa's rejoining the league (at which time Toronto, which is partially owned by a public company, was still fully private), estimates of the CFL's revenue varied between $150 million and .As of 2019, five of the CFL's nine teams (including all three community-owned franchises) are profitable, and four operate at a loss; those four teams lose more than the five profitable teams, resulting in a net loss of approximately C$20 million overall.