Report: Calgary Stampede Misses Horse Racing
Published: May 12, 2011 4:29 pm ET
Last Comment: May 17, 2011 11:24 pm ET | 9 Comment(s) | Jump to Comments
Calgary Stampede Vice President and CFO Paul Harrison has gone on the record as saying that his organization lost a great net income generator once it ceased to offer horse racing.
According to a report by the Calgary Sun, in 2008, the last year of live racing at the Stampede, the organization had a net income of $10.3 million. In 2009 that figure was reduced to $2.4 million. In 2010 the figure continued to slide, as it limped in at $1.6 million.
“It (horse racing) was a net contributor of income to Stampede,” Harrison was quoted as saying. “That income is no longer available to us.”
(With files from the Calgary Sun)