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After a few weeks away from the team due to frustration in not making any further progress in development, standing and bankroll. We as managers of Vancouver Evil Jokers decided to take a look at what has been successful and what hasn't really worked in our favor.

By doing this we have come to the conclusion that we have built the team up wrong from the beginning and will have to reset the team. This doesn't mean we are abandoning the team as the money and resources that we have built is still a lot better then starting new.

So here is what we have decided:

1. Cut as much payroll from our staff as we can since we are spending $43 million per season on staff (majority to three staff members) and we are not currently in a situation to bankroll such expense. While not going to go bankrupt the money could be spent better somewhere else. Managers will stay as they pay for themselves through marketing deals.

2. We are also looking to cut majority of Players Salary as we are currently paying $23 million for a team that cannot compete Canadian III leagues. Meaning we are over spending on players that are not getting the job done plus with selling or dismissing our highly paid coaching staff; we will not really pay attention to the on-ice aspect of the team as we focus on the rebuild. All foreign players (largest salaries will be sold or not resigned)

3. Canadian First roster - We will look at keeping the roster many Canadian over the next few season as we continue to build from the front office to the ice. This will solely be done through our Academy to keep cost low.

4.reducing our roster size - For the past three or four season we have been trying to develop youth players along with the main roster. This has been met with success but we have been over the 40 man roster losing about $4 million per season by doing this. Not very cost effective.

5.Increasing the arena capacity and Sky Boxes - This will be our major focus in the next few season as we have figured out with our current 1750 arena size ($128,400 per game ticket sales revenue) That we are currently only at a fraction of the ticket sales revenue that we could be receiving. As a 20,000 seat stadium with the current ticket price we would receive $1.4 million in revenue per game or $23 million per season.

Add the sky boxes sold for at least $100,000 per week adding a further $12.8 million per season.

For a total future earning is the arena it's self at: $36.3 million per season

This does not include Sponsorship or Souvenir sales.

By focusing on the arena to generate more profit we expect to see at least a $40 million increase to our current budget.

6. After Arena upgrades are completed the focus will be placed on Facilities and increase them to their max levels so that we start seeing the biggest benefits from the facilities.

7. Increase staffing levels through internal hires with possibility of some out side hires for coaches if the deals are right.

8. Final focus placed back on developing an winning hockey Team with youth development coming back full swing.

We have not estimated amount of time that it will take to complete our rebuild but expect it to take a few season before we start focusing on the on-ice product again.

So We are asking for our fans to be patient through the next few season and full understand that they moves we think will benefit the hockey club and the fans for many season to come.

We must also say sorry for having to put you through such a rebuild and hope that you will full support the team during this period.

Thank you from your Management team,

Robert Bouchard
Team Owner & President of Hockey Operations

Jurijs Bardins
Head Manager & Vice President of Hockey Operations
Curtis Marshall
Assistant Manager & Head of internal affairs

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