Lethbridge Hurricanes back in the black after two strong seasons
LETHBRIDGE – Optimism, and the sense of an organization traveling down the right road, filled the room at the 32nd Annual General Meeting of the Shareholders for the Lethbridge Hurricanes.
A net deficit that was once $411,710 is now a surplus of $320,000 after the team turned a profit of $731,710 during the 2016-17 season.
The 44-win regular season last year was coupled with a playoff run to the Eastern Conference Final that ended in six games against the Regina Pats. Fans got their money’s worth during the run, with a pair of series going the full seven games against the Red Deer Rebels in the first round and the Medicine Hat Tigers in the second round. The team did as well, with a net income of $685,000 for the playoffs.
“I think the numbers speak for themselves, the success on the ice leads to success for the financials off of it,” said Board of Directors President, Doug Paisley. “The job that Peter [Anholt] has done with his staff, the team we put on the ice, the engagement to the fans and the people we have in the building have been fantastic. It’s really positive, and this is a heck of a night for us. To have our auditor get up there and tell the shareholders we have eliminated all of the critical concerns from year’s past is positive on all accounts.”