'Tremendous financial losses' plague Swarm lacrosse team

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Minnesota's professional lacrosse team is suffering "tremendous financial losses" under its current ownership, the Minneapolis-St. Paul Business Journal reports.

The publication says John and Andy Arlotta -- who bought the team from Wild owner Craig Leipold five years ago -- have sent an open letter to season ticket holders with a plea to renew their seats for next year.

The letter points out the teams' successes under their five years of ownership, but warns there might not be another five years given the team's current financial status.

"Unfortunately, our success on the field and our assistance with the growth of lacrosse in Minnesota has come at the price of tremendous financial losses that are not sustainable over another 5 years of ownership," the letter states.

The letter also notes how the season ticket base is lagging by more than half in comparison to other National Lacrosse League franchises.

"Successful NLL teams have a season ticket base of at least 6,000 and a few teams have as many as 10,000 season ticket holders. In 2013, the Swarm's season ticket holder base was roughly 2,500," the Arlottas say in the letter.

The Swarm went local in the 2013 NLL entry draft in September, selecting St. Louis Park graduate and University of Minnesota lacrosse player Nicholas Jonas with the team's first pick.

The move marked the first time a U of M player was selected in the NLL draft, the St. Louis Park Patch reports.

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