Help For Heroes ride - is this right? (money raised)

[Angelbones]

Just read an article on the main HHO page. It says they raised £250K (poss £300k) but further down it says that this should just about cover their costs

So either I'm being really thick and their costs were near £250K and they raised a further £250k profit over and above the costs, or they took £250k but hardly any of this will be actual profit after costs are paid.

So, what on earth were the costs of the event that they will eat up nearly £250k?

I didn't do the ride and have no idea of the scale of the thing, and think it would be fabulous to donate £250k to the cause, but would be disappointed to think that everyone's high entry fee and / or sponsorship had gone on costs.

Anyone know anymore on this?

Thanks guys x

 

[kirstyl]

Afraid I don't know anymore than you do but have to say if the ride cost £250k to organise, then what was the point in doing it? That's a ridiculous amount of money!

 

[Mike007]

Sounds like Hpower are laughing all the way to the bank.

 

[NeilM]

The article said that HPower had reduced the entrance fee from £175 to £100 and that figure had just about covered costs.

That was my reading of the article anyway.

 

[Cliqmo]

I've come across other events run for the same cause where the 'entertainment suite' is so chic and sophisticated and ..err.. well watered in order to sweet talk people with oodles of money into parting with some of it that I could quite believe this is the case

Personally I prefer 'grass roots' charities where the staffing is supported by volunteers and every penny that possibly can go to those in need does- but sadly these days it seems to be getting increasingly corporate and I don't think this this particular case is an isolated one

 

[Ommadawn]

I think they mean that the 'entry fee' money will cover their costs, while the 250k raised by sponsorship will go to the charity.

It sounds like the Caner Research 'Race for Life' where the entrants pay about £12 entry to cover administration and running the event, so that all of the money they actually raise goes to the charity.

At least I hope that's how it works...