FINAL STATEMENT FROM STEVE MOREAU
Unfortunately, attempts to secure last-minute investors who came out of the woodwork to help save the Cornwall River Kings have been unsuccessful.
Each one backed out when they were told there was no revenue from concession or beer sales, no discount on ice time and only 30% of marketing in the arena. It also became pretty obvious rather quickly that the City was ready to move on, having removed our logo from the ice at the Ed Lumley Arena less than 12 hours after announcing the team would not participate in the 2016-17 Season.
We pushed and pushed hard to find one last company or private partner to invest in the team. Unfortunately, they all backed out when they realized the only revenue would be ticket sales and sponsorship.
I wish we had better news today for our passionate fans, but unfortunately I do not. First and foremost, my family and I were River Kings fans, and this is a sad day for all of us.
Hopefully the LNAH will have better success.
Earlier Mr. Moreau had the following to say:
It’s a sad day for my family and the local hockey community to see the River Kings die.It became obvious to potential investors that they would receive no compensation from the City of Cornwall.There would be no beer or concession revenue for a new ownership group, let alone price reduction on ice.There wouldn’t even be potential for practice ice.It came as no surprise that the River Kings logo was quickly removed from the ice at the Ed Lumley Arena.The City of Cornwall never wanted this team to succeed. We’d have better luck opening an art gallery.