Raiders post paper loss in 2014-15
A financial loss of $124,612 would normally be a cause of concern for a small market WHL team like the Prince Albert Raiders, but that’s not case for the 2014-15 financial results.
President Dale McFee said a change in the way the team reports the education fund, money used to pay scholarships for graduated players, is responsible. McFee said without the change in that accounting practice, they would have come close to breaking even.
“That pretty much makes up three-quarters if not the majority of the numbers (loss).” said McFee who pointed out the goal is being finacially stable.
“It’s more important we are transparent and we show the real numbers of that education fund. When you take that out of the equation, in much like a depreciation and where we ended up this year, closer to that mark where we need to be, it was the year to correct everything.”


