Friday, July 18, 2014

Warriors post profit despite decrease in ticket sales

Despite a $128,446 decrease in revenue from ticket sales and corporate boxes, the Moose Jaw Warriors reported a net profit of $61,566 for 2013-14 at their annual general meeting on Thursday night.
In a season in which 19 of the WHL’s 22 teams suffered a decrease in attendance, the Warriors’ total fell by 8,916, dropping the per-game average to 3,613 from 3,860.
Last season was the third for the Warriors in their new arena, the 4,414-seat Mosaic Place having opened prior to 2011-12. In their first season in the new building, the Warriors drew 140,313 fans, an average of 3,898 per game.
One year ago, the Warriors, a community-owned organization, reported a net profit of $343,890.
“I'm happy,” team president Chad Taylor told reporters. “We're keeping our costs in line, we offer a fair value for ticket prices and, at the end of the day, we want to make sure everyone has a good time, but we need to be profitable and we need to have money in the bank.”
The Warriors, who didn’t make the playoffs in either of the last two seasons, introduced Tim Hunter as their new head coach earlier Thursday. He replaces Mike Stothers, who left to become head coach of the AHL’s Manchester Monarchs.
“We lost a lot of revenue off of walk-up tickets this year and when you have a poorer team on the ice, the fan base isn't going to come support you and we understand that and we were prepared,” Taylor said. “The nice thing is we had enough revenue to cover off the expenses and keep the club healthy.”
The Warriors also are in a situation where they pledged $2 million for the construction of Mosaic Place. They paid another $200,000 on that last season. In fact, the Warriors, in total, paid Mosaic Place $777,282, a sum that included revenue sharing and the pledge.
For more, see Marc Smith’s story for that is right here.
Matthew Gourlie of the Moose Jaw Times-Herald has a story on the meeting right here.

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