Lethbridge Hurricanes Back in the Black Financially; Post Big Profit From 2016/17 Season

Canes President Doug Paisley speaks to local media after the team's 2017 AGM Tuesday

From bleeding money to a positive overall financial position, it's been quite the positive turnaround for the Lethbridge Hurricanes.

Plenty of positives for the Lethbridge Hurricanes, both on and off the ice.. The community-owned hockey club posted a profit of more than $730,000 last season and overall are in back a positive net financial position at over $320,000. The club held its Annual General Meeting Tuesday night at the ENMAX Centre. Team President Doug Paisley says it's great to see and he can't say more about the job GM Peter Anholt has done along with Head Coach Brent Kisio and Business Manager Terry Huisman in turning things around. The Hurricanes were bleeding money just a few seasons ago, but Pailsey says success on the ice makes a huge difference to a team's bottom line. He says there are no longer any concerns regarding the future of the club at the Western Hockey League level either. The Hurricanes are budgeting for a very modest profit for this coming WHL season over just over $31,000, but that does not include any playoff revenue. Last season the Canes playoff run to the Eastern Conference final generated more than $685,000. - Pat Siedlecki

Doug Pailsey:

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