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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 #847706 is a reply to message #847705 ]	Wed, 01 October 2025 20:57

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

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Skookum Jim wrote on Wed, 01 October 2025 18:33

The entire selling point of that lottery is that the proceeds will go to charity.. everyone might accept some operational costs.. but few would have believed the percentages that are being charged.. and syphoned away from the actual charities.. doesn't align with the public's perception.. its almost fraud-like.. it shouldn't be a percentage of the lottery funds anyways.. the operational costs should be relatively flat.. regardless of the amount of money it collects.. especially since it primarily digital.. I think the Oilers should be doing an investigation on this.. maybe shop for a different management company.. these guys smell like freaking TicketMaster.. who are scum of scum.

Maybe there should be legislation whereby any charity has to divulge the percentage of the funds it collects going to the actual charity so its not a secret.. i.e. transparency

Ha ha - I don't think we should let the Oilers conduct the investigation. I'm pretty confident they'll fail to find any wrongdoing!

There are laws about charities - but it's hard to find a one-size-fits-all so there's some looseness on the rules. It's worth noting that the Oilers were actually reporting their admin expenses and EXCLUDING the payments to Win50. If you looked at the charity's statements, it would say that for that period of time - 2021-24, the admin costs were only $9MM. That seems really good - except that they were then siphoning out an additional $70+MM with this "third party" that Katz actually owns.

The fact that they were slippery about this says all you need to know about whether they believed they're being nefarious.

I appreciate what Katz did in buying the team and the Arena District is a great addition to the city. He's done a lot of good - but he always ends up coming off like a Bond villain in the end. It's really a shame. Why steal millions from charity when you're already a billionaire? It's just shameless greed.

"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
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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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