Oilers owner , Darryl Katz taking the Boyle Street Community Services to court over a 5 million dollar donation

[UrbanImpact]

According to documents, Katz's real estate group is trying to take back or not give a 5million dollar donation that they originally promised and negotiated with Boyle Street Community Service.

From my understanding, Katz group bought the downtown property from Boyle Street Community Service , which houses the homeless in Edmonton. Part of the negotiation was this donation to help with the relocation of Boyle Street Community Service.

Katz is arguing he shouldnt have to provide the 5 million dollar donation anymore because the Non-profit organization didnt do enough fundraising on their own.

Katz networth btw is 4.4 Billion.

https://www.cbc.ca/news/canada/edmonton/katz-group-launches-court-battle-with-edmonton-homeless-organization-over-5-million-donation-1.7109439

Click to read more...

 

[SenzZen]

 

[The Grim Reaper]

Katz constantly lives in a state of negative publicity.

 

[Rubi]

Watch those pennies and the dollars take care of themselves.

 

[trick9]

The lowest of the low.

 

[K Fleur]

Until I saw this thread I thought Katz was dead lol

 

[UrbanImpact]

Watch those pennies and the dollars take care of themselves.

Drai and Mcdavid are UFAs , Katz needs that 5mil to re-sign them

 

[Panteras]

I’d also sue those lazy homeless for not doing enough to deserve 0.114 % of my net worth

 

[Xirik]

Katz should be fired and Mcdavid's Dad should be installed as new owner.

 

[No Fun Shogun]

Cheapskate gonna cheapskate.

 

[Slats432]

Sounds to me like the agency breached the contract. Was offered consideration on more than one occasion, and likely doesn't have the business acumen or wherewithal to meet their obligations. Not surprising from a non profit.

 

[JoVel]

Katz can't understand why they don't just buy houses.

 

[MDCSL]

Not trying to defend billionaires, but the charity broke the agreement and raised money for other projects to keep their fundraising just under the amount needed to get the full 5 million from Katz - they are deliberately playing games to suck more money from him. Again, not defending billionaires but this one’s on the Boyle Street Charity.

 

[UrbanImpact]

 

[tfwnogf]

let's goooooooooooo

when Katz is done with them, they'll not only be homeless, they'll be broke too!

 

[BigBadBruins7708]

Some facts from the article since most wont read it.

Katz's group gave $20m to Boyle Street between the sale and donations.
Katz's group allowed Boyle Street to stay with a $1 per month rent and the agreement to move by end of year 2023

Kat'z group is alleging that Boyle Street did not put effort into hitting the fundraising goal because if they didnt hit the goal they'd get that disputed $5m.

 

[Gravity]

 

[Mr Kot]

Katz should be fired and Mcdavid's Dad should be installed as new owner.

this but unironically

 

[The Gr8 Dane]

Until I saw this thread I thought Katz was dead lol

I thought it was the announcement of his death since I only saw *oilers owner daryll katz...* on the home page

 

[Mr Kot]

Some facts from the article since most wont read it.

Katz's group gave $20m to Boyle Street between the sale and donations.
Katz's group allowed Boyle Street to stay with a $1 per month rent and the agreement to move by end of year 2023

Kat'z group is alleging that Boyle Street did not put effort into hitting the fundraising goal because if they didnt hit the goal they'd get that disputed $5m.

OPs a notorious oilers hater. No reading needed, just hate oiler.

 

[Coffey]

Flames fans slobbering themselves reading this news... Then making a thread on HF after reading it on CP.

 

[BertCorbeau]

Some facts from the article since most wont read it.

Katz's group gave $20m to Boyle Street between the sale and donations.
Katz's group allowed Boyle Street to stay with a $1 per month rent and the agreement to move by end of year 2023

Kat'z group is alleging that Boyle Street did not put effort into hitting the fundraising goal because if they didnt hit the goal they'd get that disputed $5m.

On the surface it looks like bad optics/PR for Katz .. but there are obviously more details and complexities to it. Particularly if they were contractually obligated.

Still, on fact of law, I wonder what "not putting effort" means in the context of their agreement. Seems like there is room for interpretation here.

 

[Mr Kot]

Flames fans slobbering themselves reading this news... Then making a thread on HF after reading it on CP.

It doesn't even have anything to do with hockey.

 

[TheDawnOfANewTage]

According to documents, Katz's real estate group is trying to take back or not give a 5million dollar donation that they originally promised and negotiated with Boyle Street Community Service.

From my understanding, Katz group bought the downtown property from Boyle Street Community Service , which houses the homeless in Edmonton. Part of the negotiation was this donation to help with the relocation of Boyle Street Community Service.

Katz is arguing he shouldnt have to provide the 5 million dollar donation anymore because the Non-profit organization didnt do enough fundraising on their own.

Katz networth btw is 4.4 Billion.

https://www.cbc.ca/news/canada/edmonton/katz-group-launches-court-battle-with-edmonton-homeless-organization-over-5-million-donation-1.7109439

My response is.. not something I’d like on record, but this is some eat cake shit right here. What happened to that lady, I forget.

 

[UrbanImpact]

Does Katz have a publicist? 5mil? really, is that really worth it for the amount of negative publicity?