Warriors post $463K loss, but future is bright
Deficit a product of Mosaic Place light and sound system upgrade paid for by team
There’s no way to sugarcoat the straight up, actual fact.
The Moose Jaw Tier I Hockey Inc — the umbrella organization for the Moose Jaw Warriors — posted a total loss of $463,566 for the 2016-17 season, as revealed at their annual general meeting on Wednesday afternoon. That’s a very large and very scary number to see with a ‘minus’ to the left of it, for sure.
Coincidently, that six-figure loss neatly corresponds with the massive Mosaic Place light and sound upgrade that utterly transformed the fan experience at the building: $531,197.
The connection is direct — given their exceptionally rosy financial outlook and bank balance, the Warriors took the extraordinary step of fully expensing the light and sound upgrades into the 2016-17 financials.
Hockey League commissioner Ron Robison — who attended the meeting and was part of a 45-minute hot stove conversation alongside Warriors coach Tim Hunter and general manager Alan Millar — said the Warriors were no longer a small-market team; they were firmly established as a mid-market franchise.
“I’ve been on the board when those times were tough,” Taylor said. “In the last eight to 10 years we’ve had a lot of challenges … but this club has come a long way and they’ve met every challenge head on and if it wasn’t for the community and the support the community provides we might not have been able to get there.
“Everybody on the team has a role to play and the future looks great.”