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posted on April 26, 2010
By: Robert Cribb
Published: April 24, 2010
Source: The Star
More than half the money raised in the name of charity by Maple Leaf Sports and Entertainment was spent on fundraising and administration last year.
And the story is much the same at many professional sports foundations across Canada, a Star investigation has found.
Lavish gala dinners, golf tournaments and lotteries held by Canadian NHL club foundations routinely eat up between 40 and 65 per cent of revenues — and as much as 80 per cent in the case of the Edmonton Oilers’ foundation in 2008 — intended for disadvantaged children and community development.