Elliot Lake’s drive to ice an NOJHL hockey team isn’t dead yet. Next Monday, city council’s finance committee will debate a report that shows how a non-profit team can make money. The first step is for the city to put up $100,000 which buys a team and provides cash flow. A proposed business plan has the team losing money each year but sponsorships would turn the losses into annual profits. The business plan doesn’t include the $15,000 the Friends of the Bobcats would generate by selling team merchandise. Elliot Lake council has until June 20th to let the league know if it wants a junior hockey team.
