Toronto Symphony sells rare viola to cut deficit

Toronto Symphony sells rare viola to cut deficit

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norman lebrecht

June 04, 2016

The deeply troubled Toronto Symphony is selling a pedigree instrument to its own foundation in order to deal with a larger-than-expected deficit, blamed on its last boss.

A board member told the Globe and Mail: ‘There were commitments made by (Jeff) Melanson that were more expensive than anticipated.’

Report here.

melanson

Comments

  • Pianofortissimo says:

    No “pedigree instrument” is being sold, it’s just a case of creative accounting.

  • Robert Holmén says:

    So after giving the TSO $4M, the Foundation has $4M less to invest to make money for the TSO, right?

    You can’t really invest a viola

  • SMiC says:

    And this is after receiving the 7.5 million extra funds from the gov’t?
    https://slippedisc.com/2016/03/toronto-symph-gets-extra-7-5m-from-trudeau-government/

    Unbelievable.

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