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05-03-2013, 12:33 PM
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LadyStanley
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Charlottetown QMJHL (PEI Rocket) getting city financial support; new owners too

http://www.theguardian.pe.ca/Sports/...medium=twitter

Quote:
A group of investors from Charlottetown that have yet to be named publicly reached an agreement in principle with the Savard family last week to purchase the team.

After some fast and furious negotiations, the new team owners received formal support Friday from the City of Charlottetown.

Council voted to recommit to providing funding of $42,000 for the Quebec Major Junior Hockey team as contained within the approved 2013 city budget.
Plus $5k for new signage at rink. And in exchange for putting Charlottetown in the name, the city plans to spend $75k over the next two years for "promotional purposes".

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