Quote:
Originally Posted by Reggie Dunlop
Whoa!
Apparently this is legit, the Oilers stealing from a charity*... a children's charity at that!
*allegedly
That's right up there with stiffing a homeless shelter!
Dickensian... in a bad, evil way!
|
The fun part of things like this is that it allows the light to shine other places as well. I have seen a number of people discussing the Oilers 50/50 as being less than reputable and it turns out that its just another way to funnel money to the greasers
https://www.charityintelligence.ca/c...ity-foundation
Quote:
Edmonton Oilers Community Foundation 50/50 lottery and transactions with Associated Parties
EOCF’s largest source of revenue is from its 50/50 lottery. The Edmonton Oilers Community Foundation runs the largest 50/50 lottery of all North American professional sports teams. Edmonton’s record jackpot was $16.1 million.
The size of the Edmonton Oilers 50/50 lottery and its unique structure with associated parties deserves greater discussion. In F2024, 50/50 ticket sales were $102.4 million. The winner of the game day ticket gets half the prize money. In F2024, EOCF paid out $51.3 million to winners.
EOCF’s lottery structure is unique. Less of 50/50 proceeds go to charity and community grants than in other lotteries. EOCF pays 28% of 50/50 ticket sales for “licensing and rights” to a private company called Win50 that is controlled by “the shareholder of the Edmonton Oilers Hockey Club”. In F2024, $28.3 million of 50/50 ticket sales was paid to this private company. In F2024, of the $102.4 million in 50/50 tickets sales, EOCF received 20% or $20.1 million.
These payment ratios have remained constant since F2022. From F2022 through F2024, EOCF's 50/50 ticket sales total $232.2m. $64.2m has been paid to Win50, the private company, and $45.5m went to EOCF to grant to local charities and hockey programs.
In F2023, EOCF signed another license agreement with an entity controlled by “the shareholder of the EOHC” called Ice District Fan Park. In F2023, EOCF paid $2.8m (and $0.3m in F2024) to renovate the Fan Park, a venue owned by Ice District Fan Park. To host events at the Fan Park, EOCF will pay fees. In F2024 EOCF paid $87k in license fees for six events at the Fan Park. This license agreement ends in 2027. EOCF will not have access to use the Fan Park unless the license agreement is renewed.
|
E truly does = NG, a universal constant from the big bang to the heat death of the universe.