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10-27-2013, 11:01 PM
Join Date: Feb 2010
Originally Posted by
My interest in Murray Costello is largely related to his role as the primary broker of the 1994 merger that created the modern incarnation of Hockey Canada. The impact on youth hockey has been profound, to say the least.
Murray Costello was head of the CAHA starting in 1979 while Hockey Canada was being run as the personal fiefdom of R.Alan Eagleson who organized more than 2 dozen tournaments between 1976 & 1991, including 5 Canada Cups & World Championships along with various Soviet Team Exhibition Tours. Hockey Canada essentially a "shell" that Eagleson was able to use to his nefarious ends in exploiting the players, the NHL, the taxpayers... anyone with a pulse.
Business end is interesting so to quickly re-cap; for each Canada Cup, Hockey Canada was supposed to have received the first $600,000 of net tournament proceeds after expenses and 15% of net revenues above $2M. Eagleson billed Hockey Canada for staff, including Bill Watters & Rick Curran who's duties & responsibilities in organizing these events was absolutely minimal at best in the amount $70,000+ each per annum, then paid Watters & Curran $35-45K each, their annual salaries for their regular agency business, pocketing the difference himself etc etc.
He also charged Hockey Canada for "office space" (his own premises) charging treble the going rate.... funneled broadcasting rights revenues, rink board advertising & sponsorship revenues through friends & family, skimming and or just keeping the proceeds. Really I could go on & on. Major investigations & suits filed in 91, 92 & on by former players, Eagleson goin down, Hockey Canadas' rep seriously tarnished so come 1994 the merger, a sort of cleansing & handled beautifully by Murray Costello... believe he was inducted into the HHOF in 2005.
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