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Calgary Stampede hit by $26 5-million loss in pandemic year, putting viability in question
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Calgary Stampede hit by $26 5-million loss in pandemic year, putting viability in question
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Calgary Stampede hit by $26 5-million loss in pandemic year, putting viability in question
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In a year that saw the first cancellation of its signature summer event in 108 years, the Calgary Stampede was saddled with $26.5 million in red ink in 2020.
That result came even after nearly $16 million in government COVID-19 aid and grants, and follows a $2.2 million in excess revenue over expenses in 2019.
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The unprecedented cancellation led to a $3.1-million loss on the 10-day rodeo and midway bash last year, compared with $24 million in black ink in 2019 a deficit offset by $57 million savings on expenses.
Visionary Calgary Stampede CEO Warren Connell has died
Calgary Stampede CEO Warren Connell, described as a visionary leader and ardent community builder, has died, the organization says.
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CBC News ·
Posted: Dec 21, 2020 2:58 PM MT | Last Updated: December 22, 2020
Warren Connell joined the Calgary Stampede in 1984 and worked his way up to become CEO in 2015. (Calgary Stampede) comments
Calgary Stampede CEO Warren Connell, described as a visionary leader and ardent community builder, has died, the organization says. It is with profound sadness and heartbreak that we must share the passing of the Calgary Stampede s CEO, Warren Connell. Warren was beloved by the Stampede family and will be very sadly missed, the Stampede said in a statement issued Monday.