North Stars AGM shows team in strong financial position
The Battlefords North Stars board of directors flew through their annual general meeting on Monday night, taking just 27 minutes to wrap things up because of how successful this past season was both on and off the ice.
Overall, total revenue increased from $530,626.06 to $541,281.70 but because the club’s expenses increased significantly, net income was down by over $70,000. Still, after such a great year financially last season as well, the team still came away with a net income of $9,768.46.
“It was a smooth night tonight. Everything was positive,” North Stars president Troy Slywka said. “I can pretty much guarantee we’re one of the stronger teams in the league [financially]. We’re one that consistenly seems to do well. We’re not in as dire straights as some of the other organizations in the league.”
The biggest revenue streams for the club are corporate advertising (31 per cent of total revenue this past season), net game day sales (24 per cent of total revenue), and the team’s ag project (18 per cent of total revenue).