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Dayton aims for 2010-11 return.

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04-23-2009, 03:39 AM
Cyclones Rock
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Dayton aims for 2010-11 return.


Costa Papista held an informational meeting and outlined his plan to revitalize the Bomber franchise. His goals are ambitious, but if he is successful in achieving them, then ECHL hockey would return to Dayton.

The plan-which is outlined in the linked article-seeks to recapitalize the Bombers through both small individual investments ($5,000 per share) and securing a Managing Partner who would fund the remainder of the necessary capital and obtain 50.5% of the franchise. Papista would become a minority shareholder in the team and retain a 10% ownership stake.

He is also seeking deposits of $50 per season ticket. His stated goal is to achieve a season ticket base of 1500 full season equivalents. These deposits are fully refundable if his plan is not accepted by the ECHL Board of Governors during their annual meeting in Las Vegas in late June. He stated that the deposits (which will be held in an escrow account), will be returned immediately if the BOG does not approve his plan.

During the meeting, Papista stated that he had never been properly capitalized throughout the five years that he has owned the Bombers and that marketing efforts have been severely compromised because of this.

The Nutter Center has verbally agreed to release the Bombers from their lease for the upcoming season. The Bombers are exploring (and seeking input) from their fan base in determining which venue (Hara, Hobart, or EJ Nutter) would be the best option for the team should it return. Papista also reiterated his desire for the construction of a hockey-oriented, centrally-located facility.

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