MAINEiacs struggles under financial losses
The Lewiston MAINEiacs hockey team is seeking additional funding and considering relocating after posting financial losses for eight consecutive seasons.
In a press release, majority owner Mark Just said he is exploring all options to "keep the team intact... including selling to local investors or others, looking at relocation options and/or seeking additional sources of funding within the state of Maine." He said that, as the only U.S.-based Quebec Major Junior Hockey League, the MAINEiacs team has higher travel, health care and immigration expenditures than other teams in the league, and is looking at ways to reduce costs to become profitable. Other team officials told the Sun Journal that rumors that the team would fold and its players redistributed through the league are false, though minority owner Wendell Young said that could change.
In 2009, rumors surfaced that the team would cease playing at the Androscoggin Bank Colisee and relocate to a Canadian city, but the team said it would stay put.
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