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Hockey Canada reveals majority of player premiums go to National Equity Fund

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Hockey Canada has revealed that more than 65% of player premiums go to the organization’s National Equity Fund.

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In a letter to Congressman Peter Julian obtained by The Canadian Press, Scott Smith, president and CEO of Hockey Canada, provided a breakdown of how registration and insurance premiums are apportioned. provided.

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General liability insurance ($8.90), directors and officers insurance ($2), and safety/administration ($2.75) account for $13.65 of the $20.80 premiums allocated and paid to the National Stock Fund. increase.

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The breakdown said general liability insurance would have been used to settle sexual misconduct allegations, but Hockey Canada has since said the reserve will no longer be used for that purpose.

Accidental Death and Dismemberment Insurance ($5.15) and Medical and Dental Insurance ($2) make up the remainder and are paid to the Health and Benefits Trust. In total, insurance premiums make up the bulk of the total registration fee of $23.80, with the remaining $3 being assessment and registration fees.

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Despite Smith sharing such details, Julian is unsure of their accuracy.

“Well, I’m skeptical because Hockey Canada tends not to provide enough information,” Julian said. and the fact that he asked questions that he never answered makes me skeptical about the financial cost estimates he proposed.

“My experience with Hockey Canada that has been caught not providing accurate information is that they kind of double down. They refused to provide accurate information until after the hearing. They We certainly saw it in the executive bonus that was finally released by , but after the committee hearing.”

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Smith was replying to an Aug. 22 letter from Julian in which members of the House Legacy Committee accused Canadian Hockey of lacking transparency regarding the use of registration fees.

“Hockey parents across the country deserve to know exactly how their registration fees are spent,” Julian said in the letter.

The National Equity Fund has stepped up its scrutiny of Hockey Canada after it confirmed its existence in a July 19 statement and said it was used to resolve allegations of sexual misconduct.

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Hockey Canada said the next day it would no longer be used to resolve sexual assault allegations.

At a Congressional hearing on July 27, Hockey Canada’s chief financial officer, Brian Cairo, said that since 1989, nine settlements related to allegations of sexual assault and sexual abuse had resulted in the Board’s decision to take this action. It said it used the fund to pay out $7.6 million.

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This figure does not include an undisclosed settlement for an alleged sexual assault involving a 2018 World Junior Team player.

Julian also asked about the perks and luxury accommodations offered to executives. Mr. Smith said that expenses permitted under the Board’s Travel and Expenses Policy include airfare, accommodation, meals and ground transportation and are reviewed regularly to ensure they are appropriate. He said he would.

The MP said it received information about expenses from a former board member who chose to remain anonymous. These included over $5,000 dinner for a board meeting and over $3,000 a night in accommodations “such as the presidential suite at (The Westin) Harbor Castle in downtown Toronto.”

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Additionally, the championship rings received by members of the board are reportedly worth more than $3,000 each, and Smith himself said at an earlier hearing, “The board and our members I have received the

“This information does not come from Hockey Canada, so I cannot speak to the information you received regarding specific dinners or accommodations, but I do not believe it to be accurate,” Smith said. answered.

Julian called Smith’s reaction ‘dishonest’

“The same can be said for Hockey Canada, sadly,” he said. “It is a complete lack of transparency. What we have is Hockey Canada’s refusal to disclose such information, which we believe should be part of the public domain.”

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Hockey Canada Interim Board Chairman Andrea Skinner, former Chairman Michael Brindamore, and former President and CEO Bob Nicholson were subpoenaed to testify at a meeting on October 4, with Julian questioning the accuracy of many of the figures. I plan to present.

“I think if you look at the Hockey Canada book and compare it to the enrollment numbers, you’ll quickly see if the numbers are transparent,” he said.

After months of what he described as “interference” from the organization, Julian wants Hockey Canada to use the opportunity to clean up.

“My takeaway for Hockey Canada is the number of sponsors that have left Hockey Canada events and completely declined because their credibility has declined so much. , be completely, completely and honestly,” he said.

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Hockey Canada reveals majority of player premiums go to National Equity Fund

Source link Hockey Canada reveals majority of player premiums go to National Equity Fund

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