Raiders post paper loss in 2014-15

The team reduced the shortfall from the 2013-14 season by $202,226 despite missing the playoffs and a drop off in attendance. McFee said strategic trimming of expenses was the key.

“We got more efficient without jeopardizing the future and the quality.” said McFee who emphasized all decisions were made with the long term in mind.

“Let’s remember two years ago we made sure we had a financial backstop arrangement (line of credit) so we’ve got that longevity. This year we got those accounting practices in place, making sure our education fund is sound and that our players can come here to turn pro or come here to go to (post secondary) school. Most importantly we accumulated some draft picks got those kids in and now we’ve got to stay focused on keeping to add those pieces as we go.”

McFee believes moves they are making to improve the balance sheet are in concert with hockey operations decisions that will make the team a perennial playoff contender.

“We’re putting the pieces together slowly but surely, but I’m quite confident that we’re building something that’s sustainable. The long term deal that we signed with our (coaching) staff very much show that there is confidence in the board with the focus that we have in the right places.”

The team recorded its first sellout of the season with 2,627 fans at Saturday’s home opener and McFee hopes it’s a sign of things to come at the box office.

dwilson@panow.com

On Twitter: RaidersVoice

by Drew Wilson

Raiders post paper loss in 2014-15

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