New hockey team ownership group welcomed
Tuesday, Jun 27, 2017 06:00 am
Those in this community who arenít hockey fans can be forgiven for wondering why all the excitement over the state of the Olds Grizzlys Junior A hockey franchise.
But the possibility of that hockey team folding and leaving the community is not just an issue for hockey fans Ė or sports fans in general.
Itís an issue for the community.
Thatís because the club brings money into Olds through its fan base. They stay in hotels and motels, and support minor hockey by purchasing food and drinks at the concession during hockey games.
Thatís an important factor at a time when the economy is suffering, due to low oil prices. We can use all the financial stimulus we can get.
So itís good news that a new ownership group has come forward, raising $500,000 to keep the team in Olds and cover its $321,579 debt.
Hereís hoping the Alberta Junior Hockey League does indeed approve the change in ownership by the June 30 deadline and the province processes the ownership groupís application for non-profit status.