[ SHOWGSD-L ] From Jim Crowley re: CKC

From: Stormy Hope <Stormy435@xxxxxxx>
To: Showgsd GSD List <showgsd-l@xxxxxxxxxxxxx>
Date: Thu, 8 Apr 2010 16:40:27 -0700
> CKC also in financial trouble??
>
> Thu Apr 8, 2010 3:32 pm (PDT)
>
>
>
> From another list, posted by a Delegate for a breed club.
>
>
> From: Jim Crowley <JXC@...>
> Subject: FW: The Canadian Kennel Club's financial situation
> To: "Delegates" <delegates@...>
> Date: Wednesday, April 7, 2010, 9:05 AM
>
> Dear Delegate:
>
> We are writing to you so that you are aware of the facts concerning  
> the Canadian Kennel Club and to put rumors to rest.
>
> It is true that the Canadian Kennel Club sent a bulletin to their  
> members describing that they are "in the midst of a financial  
> crisis." The reasons they state are very similar to those faced by  
> kennel clubs around the world. Even though the economy in Canada is  
> better than in America , the CKC has experienced declines in  
> registration, entries, and membership. Their losses were in both the  
> CKC organization as well as their publishing company, Apex.  
> Unfortunately, as a result they have found themselves in a deficit  
> position in terms of cash flow as their reserves were not sufficient  
> to support their financial situati on. Over the last few days we,  
> along with our Chief Financial Officer Jim Stevens, have had  
> conference calls with Joe Mauro , CKC's Chief Executive Officer. We  
> hope that the Canadian Kennel Club will make a full recovery as  
> their organization is functioning, registrations are being  
> processed, and entries and shows are continuing as always.
>
> Chairman Dwain McLean voluntarily and temporarily stepped aside due  
> to a family crisis. Under the leadership of Interim Chair Lee  
> Steeves, the organization is facing their problems and they have  
> appealed to their membership and clubs to assist with donations and  
> have also implemented fees to increase revenue while she and their  
> Board address expenditures, services, and obligations.
>
> We along with AKC Management are addressing areas where we may be  
> able to lend assistance to our neighbors with whom we have had an  
> excellent relationship for almost one hundred years.
>
> This unfortunate situation can trace its roots to a number of causes  
> beyond today's challenging economic conditions including changes in  
> society, running a not-for-profit business in an increasingly  
> competitive atmosphere, and lacking ample reserves.
>
> As we have been reporting over the last few years and most recently  
> at last month's Delegate Meeting, the Board and Management of the  
> American Kennel Club have diligently placed over $50 million in  
> reserves so that it would be unlikely we are faced with a lack of  
> adequate reserves. We continue to manage our organization's finances  
> conservatively and in line with our independent accounting firm's  
> recommendations.
>
> The American Kennel Club will continue to lend assistance where  
> possible to Lee, Joe and their team as we are dedicated to the well- 
> being of the Canadian Kennel Cl ub, its breeders, judges, and  
> exhibitors.
>
> Ronald H. Menaker Chairman
> Dennis B. Sprung
> President and CEO



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[ SHOWGSD-L ] From Jim Crowley re: CKC

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