Valour FC, Winnipeg's professional soccer team, is ceasing operations after seven seasons. The team revealed on Friday that they are folding due to poor attendance and significant losses. The Winnipeg Football Club, who also run the Blue Bombers, were losing around a million dollars a year to operate Valour. The Canadian Premier League stepped in and covered the bills with a loan for the past two seasons but were not willing to continue doing that moving forward. 'We had invested and had significant losses over those years. We're at the point where we're not comfortable any further because we have an obligation to the Winnipeg Football Club and Princess Auto Stadium,' WFC president and CEO Wade Miller told the Free Press on Friday. Valour's average attendance this season was 3,213 and that number got a boost from their school day match on June 4 when they gave away 11,000 tickets to students. Valour beat Vancouver FC 3-1 that afternoon. 'We gave them all a coupon to come back to another game, with no restrictions, for June or July and we barely saw anybody come back,' said Miller. 'We just could not get the attendance where it needed to be.' Miller also pointed to May 20 when Valour hosted the Vancouver Whitecaps of the MLS in the second leg of the Canadian Championship quarterfinals. Only 3,500 fans showed up to watch a 2-2 draw despite it being the first time an MLS side has ever played in Winnipeg. With nearly 30,000 empty seats every time Valour stepped on the pitch, Princess Auto Stadium was left with a significant financial burden.