29 MAY 2011 - Lewiston ME (QMJHL): Mark Just, Majority Owner of the Lewiston MAINEiacs, has confirmed that after posting financial losses for eight consecutive seasons, that the organization is exploring all options available to it.
The franchise has very passionate fans and corporate partners. As much as the organization values the support received over the years, it has not been enough to meet financial obligations without generous contributions from the ownership. The organization has reached the point where it cannot continue to operate under the fiscal conditions as they exist today.
"I have been trying to do everything that I possibly can to keep the team intact," stated Mr. Just. "All and every option is on the table, including selling to local investors or others, looking at relocation options, and / or seeking additional sources of funding within the State of Maine."
"As the only United States based team in the Quebec Major Junior Hockey League, the organization incurs a higher level of expenditures for immigration, healthcare, and travel." mentioned Just. "As a result, the team is working toward finding solutions to reduce these costs and become profitable. We cannot continue to lose money as the team has in the past eight seasons."
Staff and key support members were briefed this evening on the current state of the team and Mr. Just's commitment to keeping this team together if at all possible. Rumors have surfaced recently of the state of the franchise which has only lead to speculation that prohibits progress in attempts to gain the support required to operate a major junior hockey team in Lewiston.
For more information, please contact:
Team President & Governor