Founding
The NHL All-Star Game originated from the Players Committee and was approved on May 23, 1947. For the site of the All-Star Charity Game, it was applied for by Toronto and Chicago, with Chicago receiving the second game, in 1948. It was agreed that proceeds would be divided whereby one-third would go to Toronto charities, and two-thirds would go to the Players Emergency (Benevolent and Disability) Fund. At a later meeting in September 1947, the players agreed to set up a pension fund, with $900 from every player going into the fund and 25 cents from the sale of every playoff ticket and the two-thirds of the All-Star Game proceeds to go into the fund.
Read more about this topic: 1st National Hockey League All-Star Game
Famous quotes containing the word founding:
“... there is no way of measuring the damage to a society when a whole texture of humanity is kept from realizing its own power, when the woman architect who might have reinvented our cities sits barely literate in a semilegal sweatshop on the Texas- Mexican border, when women who should be founding colleges must work their entire lives as domestics ...”
—Adrienne Rich (b. 1929)
“The Founding Fathers in their wisdom decided that children were an unnatural strain on parents. So they provided jails called schools, equipped with tortures called an education. School is where you go between when your parents can’t take you and industry can’t take you.”
—John Updike (b. 1932)
“The responsible business men of this country put their shoulders to the wheel. It is in response to this universal demand that we are founding today, All-American Airways.”
—John Dos Passos (1896–1970)