The Moose Jaw Warriors had a great season on and off the ice.
Tuesday at their Annual General Meeting the team’s healthy bottom line reflected that.
The Warriors announced net earnings of $394,646 and have retained earnings of $923,702 at the end of the fiscal year.
“It was a tremendously successful year. Not only did we post the best regular-season record in the team’s history, but for only the second time we achieved a division title. We also had a successful playoff run,” said Warriors governor Darin Chow. “Perhaps more importantly we managed what could have been — and at times what was — a difficult transition into a brand new facility.”
The Warriors elected Dave Kiefer, Dean Lang and Darrell Markin to three-year terms on the board of directors at the AGM. Kiefer and Lang were re-elected to their posts.
Chow had to vacate his post on the board after being appointed as a judge in Yorkton. Chow will remain the Warriors governor and represent the team at Western Hockey League meetings.
Though they play in one of the smallest markets in the WHL, the Warriors have officially been upgraded to being a “mid-market team” by the league.
“We’ve always been in the bottom classification. It’s based on revenues and season ticket base,” said Warriors president Chad Taylor. “We’ve moved up into the next category which is a bit of a pat on the back from the other 20 owners. It’s a good thing.”
The Warriors set a franchise record with their 45-19-6-2 mark as they won their second divisional title. The move into Mosaic Place coupled with the on-ice success led to the Warriors drawing an average of 3,898 fans per game. They had a season ticket base of 3,031 last season.
The Warriors gate receipts totaled $1,651,235 last season which nearly doubled the $881,357 from the year previous. The deep playoff run to the Eastern Conference final also earned them $580,109 in receipts, but their direct playoff expenses were $228,109.
“I think we saw the kind of excitement this franchise can generate for the community and how important the Moose Jaw Warriors are to this community,” said Taylor.
While the new building allowed for greater revenue streams, the move also brought a number of expenses. The team hired more staff and saw their non-hockey payroll rise by more than $100,000. Their office costs nearly doubled to $107,912.
“We had a lot of one-time expenses moving into the new building and some of those were maybe a little more than even we expected,” said Taylor.
The team also turned over $417,524 in revenue sharing to Mosaic Place.
The Warriors Booster Club officially raised $212,274 for the fiscal year.
The Warriors Education Fund is also very healthy after a successful alumni golf tournament in addition to the Warriors & Legends dinner and golf tournament. The fund has a balance of $225,426.
The fund’s receipts for the financial year were $103,372. The fund contributed $83,496 towards player education agreements for eight former players this past year.