It would appear that the T's are crossed and the I's are dotted - all that needs to be done now is garner approval from the BCHL Board of Governors.
What can the fan base and community at large do? BUY SEASON TICKETS, BE A CORPORATE SPONSOR!
Well done by everyone involved!
Port Alberni Junior Hockey Society
Our Community Our Team Our Commitment
June 25, 2012 for immediate release
The Port Alberni Junior Hockey Society announced today that it has reached an Agreement in
Principle and signed a Term Sheet with the current ownership group of the Alberni Valley
Bulldogs for acquisition of the team. The parties involved are now working on a definitive
agreement and are preparing to refer the sale to the BCHL for review.
If the sale structure, business plan and operating budget developed by PAJHS is approved by
the league’s Board of Governors, the Society will own 100% of the team and will hold no
current liabilities. Vendor financing is involved on a long term basis with a very competitive
rate of interest. The Society has asked current Directors Andy Oakes and Dennis See to stay on
as advisors for the near term to ensure a smooth transition of ownership and most importantly,
continuity for players, staff and volunteers.
While PAJHS Chair Darren DeLuca is encouraged by the tremendous public support the society
has received to date, he stressed that the foundation of the team going forward will be ongoing
reinforcement of that support in the form of ticket sales and sponsor commitment. “To allow
the team to begin the year with the resources it needs to kick off a successful season, the
Society would encourage supporters to complete season ticket purchases and finalize annual
sponsorship agreements as soon as possible” said DeLuca. “Bulldogs personnel are hard at work
establishing winning elements for the season ahead and we would like to remind everyone that
its ‘business as usual’ for the team”.
For further information contact:
Society President – Darren DeLuca at cell 250-720-7453 or email firstname.lastname@example.org
Society Director – Al McCullouch at cell 250-720-3671 or email email@example.com