Quote:
Originally Posted by SuperMatt18
The problem shows up in that latest article.
They completely removed any of the Flames Revenue from 50/50 or donations to charities from 50/50 from the equation.
So that is 65% of the money raised by the Flames.
All that is really left is the Poker Tournament, and the Golf Tournament. Which of course have really high overhead, are used more as PR events than true donation events, and are high cost expenditures.
So the summary of the article should have been "If you remove 2/3 of the money the Flames Foundation raises/manages for charity then you can see that the Golf Tournament and Poker Tournament that they host are very inefficient at raising funds for charities".
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I think that is a more likely explanation. Not sure what other charity events the Flames put out beside the golf and poker tournament but those PR events return little on the dollar. I guess we don't know about the 50/50 draw but hopefully it's much better since there's very little overhead involved.
In any event, do you think this conclusion reflects much better on the Flames? PK Subban put up 10 million of his own money for the Children's Hospital in Montreal and does fundraising on top of that. The Flames contribute 30% of what they collect in PR events, put up none of their own money and have an $8m reserve. Colour me unimpressed.