| Katz, Win50 and the 50/50... something looks slimy [message #847669] |
Tue, 30 September 2025 09:19  |
|
|
|
 g2k
Messages: 3014
Registered: January 2003
Location: The Hood
3 Cups
|
|
I've been thinking about changing my sig for a while now.
Might hold off a bit on that.
#firebob #screwitjustselltheteam #ownerisacreep
|
|
|
|
|
 |
Adam
Messages: 7544
Registered: August 2005
Location: Edmonton, AB
6 Cups
|
|
| g2k wrote on Wed, 01 October 2025 12:19 |
I've been thinking about changing my sig for a while now.
Might hold off a bit on that.
|
It's not great and even the defences that they use in that article are pretty weak. They're trying to shift focus to the fact that they have given more dollars to charities, but it doesn't really make sense that with a much greater pool of money, that your percentage of operating costs would double.
That means from an actual dollar perspective, that using the Oilers numbers:
2020 - $25MM in ticket sales, so $12.5MM to the EOCF. 14% of that is 1.75MM.
2024 - $319MM in ticket sales, so $159.5MM to EOCF. 27% of that is $43MM.
By that argument, the operating costs of the charity have gone up almost 25X in the last four years, while the amount brought in has gone up about 13X.
It should really go the other way - as the charity scales up, the proportionate cost to run it should be going down - that's the simple economy of scale principle, so why are the admin costs jumping at more than double the amount of the growth of the proceeds?
Honestly, it is really sketchy and looks like a cash grab on funds that are supposedly going to charity. I am curious how the donations work and if they also get any tax credit for the charitable funds as they run this.
"Thinking that a bad team's best players are the reason the team is bad is the "Tambellini re-signing Lennart Petrell" of sports opinions." @Woodguy55
#FireBobbyNicks
|
|
|
|
|
 |
Kr55
Messages: 12089
Registered: May 2002
Location: Edmonton
6 Cups
|
|
Wow, pretty insane what letting people buy those tickets online did. League is hooked on gambling money now. Wouldn't be surprised if seeing all that cash rolling in inspired some brilliant minds to try to figure out ways to shuffle it out to less deserving pockets.
Bobby may not know hockey, but I think he knows how to be a sleaze with finances.
"We need to get better immediately. That starts today"
- Lowe, 2013
"Next year I would forecast as another developmental year"
- MacT, 2015
5 x $5,000,000
|
|
|
|
|
bigEfromGP
Messages: 864
Registered: July 2006
Location: GP, AB
No Cups
|
|
| Adam wrote on Wed, 01 October 2025 13:00 |
| g2k wrote on Wed, 01 October 2025 12:19 |
I've been thinking about changing my sig for a while now.
Might hold off a bit on that.
|
It's not great and even the defences that they use in that article are pretty weak. They're trying to shift focus to the fact that they have given more dollars to charities, but it doesn't really make sense that with a much greater pool of money, that your percentage of operating costs would double.
That means from an actual dollar perspective, that using the Oilers numbers:
2020 - $25MM in ticket sales, so $12.5MM to the EOCF. 14% of that is 1.75MM.
2024 - $319MM in ticket sales, so $159.5MM to EOCF. 27% of that is $43MM.
By that argument, the operating costs of the charity have gone up almost 25X in the last four years, while the amount brought in has gone up about 13X.
It should really go the other way - as the charity scales up, the proportionate cost to run it should be going down - that's the simple economy of scale principle, so why are the admin costs jumping at more than double the amount of the growth of the proceeds?
Honestly, it is really sketchy and looks like a cash grab on funds that are supposedly going to charity. I am curious how the donations work and if they also get any tax credit for the charitable funds as they run this.
|
Not defending them, but my understanding after reading a bit is that it costs significantly more to run now because they've gone online, they market/advertise it more, etc. Although I can see how adding an online component to this degree would be expensive, I don't know if it's so expensive that it accounts for the increase in costs they claim it does.
| CrusaderPi wrote on Fri, 09 October 2020 13:17 |
| CrudeRemarks wrote on Fri, 09 October 2020 13:00 |
The president thinks he has the ideal male body.
|
It's hard to disagree that he has the ideal male body.
|
|
|
|
|
|
Greg
Messages: 21
Registered: October 2006
No Cups
|
|
From my read it sounds like a chunk of that 81M is image rights to the Oilers. I wonder how the rate for that is determined? Does Katz just get to make up an amount he thinks sounds good and bill the 50/50 for it?
|
|
|
|
