Raiders announce loss at AGM
The Prince Albert Raiders revealed it was a difficult year both on and off the ice this past season at the team’s Annual General Meeting last night.
Citing a drop in ticket sales, liquor sales, promotions and fundraising revenues, and league revenue sharing, the team reported a loss of approximately $250,000 for the 2016-17 season.
“We’re disappointed when we have to acknowledge that we had to take a loss for the season,” President and Governor Gord Broda said. “There are a couple of key items that I did point out today and hopefully we’ve taken some measures to overcome them for the next season.”
Although Broda acknowledged the loss was significant, he said if you look back over the last five to eight years, the team has ultimately remained at the break even point with some years showing a loss and other years showing a gain. More specifically, the team showed a net gain of nearly $250,000 in 2015-16, making the last two years a virtual wash.