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Oilers » Katz, Win50 and the 50/50... something looks slimy

Re: Katz, Win50 and the 50/50... something looks slimy [message #847704 is a reply to message #847693 ]	Wed, 01 October 2025 17:37

Adam
Messages: 7757
Registered: August 2005
Location: Edmonton, AB

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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.

My numbers are off as I assumed the the quoted revenue numbers are the 100% numbers but that's after the 50% has been given away. It means everything is doubled basically, and then that aligns with the $81MM referenced in the story.

It does basically mean that every time they award a 50/50, Katz's company wins too - and wins a higher amount than any of the 2020 or earlier 50/50 winners did!

EDIT to add:

I do note the kid gloves that even OilersNation takes related to this. The story is all about misconduct and the pushback is, as I said, pretty tepid. They try to get you focusing on them paying more in actual dollars, even as they're skimming millions and millions more out and the author, while reporting what they said there also makes it pretty clear that it's problematic at best. He avoids any comments on their pushback other than reporting it. And then the piece is named "Oilers Entertainment Group pushes back against report on 50/50 revenue allocation" which if you only read the headline makes it seem like maybe this is all a nothing burger.

It is always of interest to me just how little scrutiny anyone in the Canadian media is willing to take on Darryl Katz. The Journal and Sun have not run this story at all that I can see from a quick google search. The St. Albert Gazette HAS run the story, picking up the story from Investigative Journalism Foundation but that's it.

[Updated on: Wed, 01 October 2025 18:19]

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Katz, Win50 and the 50/50... something looks slimy	By: HamBlaster on Tue, 30 September 2025 09:19
Re: Katz, Win50 and the 50/50... something looks slimy	By: g2k on Wed, 01 October 2025 12:19
Re: Katz, Win50 and the 50/50... something looks slimy	By: Adam on Wed, 01 October 2025 13:00
Re: Katz, Win50 and the 50/50... something looks slimy	By: Kr55 on Wed, 01 October 2025 13:33
Re: Katz, Win50 and the 50/50... something looks slimy	By: bigEfromGP on Wed, 01 October 2025 13:35
Re: Katz, Win50 and the 50/50... something looks slimy	By: Greg on Wed, 01 October 2025 13:38
Re: Katz, Win50 and the 50/50... something looks slimy	By: Kr55 on Wed, 01 October 2025 21:09
Re: Katz, Win50 and the 50/50... something looks slimy	By: Adam on Wed, 01 October 2025 14:49
Re: Katz, Win50 and the 50/50... something looks slimy	By: Skookum Jim on Wed, 01 October 2025 18:33
Re: Katz, Win50 and the 50/50... something looks slimy	By: Adam on Wed, 01 October 2025 20:57
Re: Katz, Win50 and the 50/50... something looks slimy	By: Adam on Wed, 01 October 2025 17:37
Re: Katz, Win50 and the 50/50... something looks slimy	By: mightyreasoner on Thu, 02 October 2025 10:58
Re: Katz, Win50 and the 50/50... something looks slimy	By: Rutuu on Thu, 02 October 2025 17:47
Re: Katz, Win50 and the 50/50... something looks slimy	By: Skookum Jim on Thu, 02 October 2025 18:48
Re: Katz, Win50 and the 50/50... something looks slimy	By: CrusaderPi on Fri, 03 October 2025 10:46
Re: Katz, Win50 and the 50/50... something looks slimy	By: Dragon_Matt on Fri, 03 October 2025 16:35
Re: Katz, Win50 and the 50/50... something looks slimy	By: Adam on Fri, 03 October 2025 17:32
Re: Katz, Win50 and the 50/50... something looks slimy	By: Skookum Jim on Fri, 03 October 2025 19:13
Re: Katz, Win50 and the 50/50... something looks slimy	By: Adam on Sat, 04 October 2025 14:54

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