Mardi Gras Krewe Revenues

Just posting here so you don't feel bad.

quote:

---

4. Zulu $1.97 million

---

It isn't like this is profit

If you look at the nola slideshow you can get a bit better breakdown. Endymion makes roughly 7.1 million in net revenue. It then spends almost 6.8 of that in the parade. I'm pretty sure they don't want lots of money left sitting on the books at the end of the fiscal year.

I know the Brennan's were running Bacchus as a total for profit deal....so sayeth the word on the street.


Rex Is cheaper because it's a day time parade with exclusive membership. They don't spend shite on the ball because they don't have to. All they have to do is pay for the floats and the bands. They also donate a fair amount of money through the Pro Bono Publico foundation or whatever. They donate a lot to inner city schools and what not.

quote:

---

Why is Rex so low?

---

Rex funnels most of their money through their charity.

As did I. I found it to be off base but several people kind of Led me down the same path. Their club, they can do what they want I guess.

quote:

---

I know the Brennan's were running Bacchus as a total for profit deal....so sayeth the word on the street.

---

It was true up until a couple years ago. Members finally got tired of it and sued to wrestle control away from the Brennan family. Old man had himself and son on payroll for like 250k a year and expensed all kinds of stuff to the club like travel and lavish dinners year round that had nothing to do with the parade.

This is what I was told from a few family members who have ridden for 20+ years.

Yep, that's accurate with the stories I heard