Albany Panthers Take a Financial Hit
Long after Monday night's Professional Indoor Football League elimination, it appears the hits have continued for the Albany Panthers.
This time, the losses are hurting the organization's pocket book. Financially, the Panthers failed to meet their projected numbers, and are facing a drop in revenue from the 2012 season.
The Panthers lost a big portion of their budgeted revenue because of one football game. Panthers General Manager Will Carter estimates that the Panthers failing to hold a home playoff game cost the organization 40 to 50 thousand budgeted dollars.
"The numbers will be down compared to the previous years. (The lack of a home playoff game) definitely hurt us. We had great fan support...would love to see more, would love to see more sponsors come on board. Without sponsors and season ticketholders, there isn't the Albany Panthers," Panthers General Manager Will Carter said.
In the past three seasons, Albany has hosted at least one home playoff game. This is the first time in the franchise's history that it has failed to do so.
With the season over for the Panthers, the PIFL will crown its new champion on Monday (either Richmond or Alabama), and then look toward league expansion.
The PIFL will discuss the state of the current six franchises and the possibility of expansion at its upcoming owner's meetings.
According to Carter, cities such as Nashville, Birmingham, Louisville and Fayetteville, North Carolina have been discussed as new franchise locations.