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Profit lands Kings net assets of almost $123,000

Published on Tuesday, 28 June 2022 09:52

The 2021-22 Manitoba Junior Hockey League season was a successful one for the Dauphin Kings, both on and off the ice.

The Kings, of course, won the Turnbull Trophy for the eighth time in team history and reached the semifinals of the Centennial Cup, held in Estevan, Sask.

Off the ice, the team cleared its debt and, as announced at its AGM, last Thursday, reported a profit of $237,754, giving the Kings net assets of $122,919, compared to a deficit of $114,835 a year ago.

The Kings reported revenues of $889,903 plus an additional $8,489 in government subsidies due to the COVID-19 pandemic.

At $297,927, fund-raising was the largest contributor to the team’s revenues, with ticket sales coming in next at $238,415.

Attendance last season was 17,357 in the regular season, an average of 668. Attendance in the playoffs totaled 9,226, an average of 1,025.

Read the full in depth story in this week's Dauphin Herald!



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