Things just got worse for hockey Canada; will they ever get better?
Hockey Canada has been spiralling for months now, after the sexual assault cases involving the 2018 and 2003 Canadian national junior teams, losing sponsorship deals, attendance to the World Juniors dropping, things couldn't possibly get worse for Hockey Canada could it?
According to John Kryk of the Toronto Sun, hockey Canada owned a luxury condo for their board member to say in from 2010 to 2017.
Something doesn't seem right about this, where did this money come from?
«I cannot think of any other national sports organization that would approve this type of investment from a risk tolerance point of view,» said one of Canada's foremost experts on proper board and executive governance, Richard (Rick) Powers, an associate professor who specializes in director training at the University of Toronto's prestigious Rotman School of Management.
«I would even question whether such an investment would be in breach of their fiduciary duty, to do what is in the best interests of the organization � in this case, Hockey Canada. In the not-for-profit world, risk tolerance is different from the for-profit sector. It is very conservative and risk-averse.
Things only seem to be getting worse for hockey Canada as time goes on. With each passing day, a new thing comes to light.
Who knows if Hockey Canada used a portion of registration fees to fund the condo, but with their track record it certainly isn't out of the question.
| POLL | ||
What should be done with Hockey Canada? | ||
| Disband the organization | 54 | 27.4 % |
| Hire new leaders | 120 | 60.9 % |
| Come back under a new name | 23 | 11.7 % |
| List of polls | ||
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