"The board of governors advised us Friday that for financial reasons the Falcons were ceasing operations," McKenna said. "That's a violation of league bylaws, which results in automatic termination. Fresno's ownership came to the determination that it couldn't move forward and decided to fold."
McKenna said Falcons players have been declared free agents and can sign with any of the ECHL's remaining 21 teams.
The Fresno Falcons ice hockey team will cease operations at 5 p.m. today, the club's managment announced.
"These losses have been beyond our expectations," Managing General Partner Chris Cummings said in a statement released by the team. "The horrific economy and the resulting decrease in revenue from season tickets, corporate sponsorships and overall attendance has created a situation this year which is not sustainable and we simply cannot continue to operate."
Monday, December 22, 2008
Posted by Bakersfield Bubble at 6:16 PM