Raiders report significant profit at Annual General Meeting
The green and gold are in the black.
At Tuesday night’s Annual General Meeting, Prince Albert Raiders President Gord Broda announced to the gathered membership that the team reported a profit of $633,314 for the fiscal year which ended May 31, 2019.
“It is very exciting. The financial success is a key part of the organization’s long-term viability. This year we had a very successful season with a large profit,” Broda explained after the meeting. “I call it the rainy-day fund; we’ll be able to tuck a few dollars away and have a rainy day fund for future years.”
In addition to setting money aside for future years, the Raiders have invested in a few capital upgrades including a brand-new centre-hung scoreboard at the Art Hauser Centre, and some added technology to be used by hockey operations and management.