GTHL Finances - Should they have to open the books?

GTHL Finances - Should they have to open the books?

Joined: November 13th, 2008, 9:35 pm

June 17th, 2009, 12:02 am #1


In 2005 the GTHL passed bylaw Rule 1.3 Publication of Financial Summary which among other things requires the GTHL board to to publish and distribute an audted income statement, balance sheet and the typical financial commentary that accompanies  with financial statements.   The GTHL has yet to publish these statements, and while they are not accused of financial irregularities they have never explained the massive gape between published and actual ice costs.   Here's the deal::
  • GTHL Claims they spend $3.7 million on ice last year</li>
  • GTHL schedule had 12,000 hours of ice (www.gthlcanada.com schedule off Bladenet) </li>
  • GTHL buys 60% of their ice from the City of Toronto at $165/hour (City of Toronto Ice Rates).  This equates to 7200 hours @ 165/hr  or  $1.2M</li>
  • GTHL buys the remaining 40%, or 4800 hours from private rinks which works out to an average of $530/hr.</li>
Do they really pay $530/hour?  We think not.  In a worst case scenario 4,800 hours of private ice should cost less than 800 x $250/hour or less than $1.2M.  That leaves $1.35 million unaccounted for.

Should they have to disclose private contracts?

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Joined: November 13th, 2008, 9:35 pm

June 17th, 2009, 1:26 am #2

Those ****ing dirtbags ream us. They take in millions in CASHOLA, with ZERO accountability. It's like an olt time LAS VEGAS casino! They didn't vote for teams to pay because that cut off the bare cash from the pigs at the trough!!!!

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June 17th, 2009, 3:38 am #3

it takes 3 idiot ticket takers at $15-$20/hour cash which is probably what they havent claimed but probably included these idiots in their "ICE" budget

really I have been to rinks with 1 person who can take the $5, rip the ticket and stamp the hand all at once do they really need 3 idiots?

not only that but the sponsorship on the tickets ie pizza pizza should cover the cost of printing the tickets so if GTHL pays employees cash then why arent ticket takers claiming it on their income taxes?
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June 17th, 2009, 10:53 am #4

If they're spending that much collect gate it's likely another thing they don't want discussed. If the numbers you say are true, simply collecting from teams saves hockey at least $400K a year.



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June 17th, 2009, 5:37 pm #5

you ******* morons will never give it up will you ?


IF YOU DONT LIKE WHAT YOU PAY GO SOMWHERE ELSE !!! just stop your never ending BS about the G and YOUR money. play in the O. They're always telling you how much better it is...GO FIND OUT !!!

the g's books are open for all to see if they want to...just ask them they'll show you where to look on the site for breakdown and accounting.

You guys wont be happy until hockey is free....it is your kids birthright to play hockey correct ??
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June 17th, 2009, 10:58 pm #6

1:37

At least us ****** morons can read, write, and do simple math. GTHL books aren't open, nor do not publish financials in any public place or website. Also, they neither acknowledge or disclose details of financial transactions between owners and the league.

The bottom line is the GTHL has the authority and control over purse strings. They can control virtually all variables in the cost of hockey - they simply don't do it well compatred to other leagues.

Forget about finances, they don't do well at anything when compared to other leagues.
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June 18th, 2009, 2:35 pm #7

gthl financials are on the webiste:
http://www.gthlcanada.com/bulletins/GTH ... eport3.pdf
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June 18th, 2009, 3:20 pm #8

Ha ha! Those aren't the books, its a simple balance sheet and income statement. There is no management discusssion, no auditor's commentary, virtually 0 details.

They often refer to ice costs being outrageous. For instance, the GTHL screams foul at $300 for an hour of ice at the new Lakeshore rink, yet the average cost of private ice computes to $450/hour. That's $450/hour they take from your and me to cover the cost of ice in their 'private deals' with operators and ice brokers. Or it's not $450/hour and there's a lot of ice that's but but not accounted for.

Shouldn't we have the right to scream when we thing we're being robbed?

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June 18th, 2009, 3:54 pm #9

When do the game schedules get posted for next season?
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June 18th, 2009, 4:19 pm #10

Id really like to see the GTHL books audited by a independent accountant!
But that will never happen!
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