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This Day In Hockey History-November 15, 1975-Saint claims that WHA’s solvent and that’s that

ST. PAUL, Minn. (AP) — The president of Minnesota Fighting Saints says the team is solvent and he doesn't plan to discuss the matter again.

“Our obligations are current and, unfortunately, things sometimes get blown out of proportion when you're candid,” Wayne Belisle said Friday night.

“I think it's Important our fans read about our hockey team and our performance on the ice,” he said. “Therefore, 1 will not have any further discussions of the Saints financial situation.”

Belisle said interim financing has been arranged to carry the Saints into the 1976-77 season even if the team does not draw: another fan.

“We've got our financing in, good shape and we're not even counting on gate receipts,” said Belisle. “We've wanted to make' sure that we're prepared for the worst things that could happen.”

Belisle, who says he has total control of the club, said giant steps were made this week.

“The interim financing has been arranged. When you're not a wealthy person yourself, you've got to make sure you've got the money and we've done that.”

Belisle said the Saints' received cheques Friday that the players would be Saturday.

“.Ind they can cash them the minute they get them.” be added. “Talk about a crisis is a joke.”

He said the team's travel bills have been paid a month in advance and an outside Certified Public Accounting firm has certified the Saints' audits.

“Now I'm working on the long-term financing,” Belisle said. “But we've got several options on which way to go and with some of the pressure off we can sit back and decide which way is the best.”

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