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| Half the NBA teams lost money last year https://mail.chicagofanatics.com/viewtopic.php?f=91&t=108538 |
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| Author: | Big Chicagoan [ Tue Sep 19, 2017 5:02 pm ] |
| Post subject: | Half the NBA teams lost money last year |
Including the World Champion Cleveland Cavaliers and San Antonio Spurs. If they can't make money now, they never will. http://www.espn.com/nba/story/_/id/2074 ... n-now-what |
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| Author: | ToxicMasculinity [ Tue Sep 19, 2017 5:14 pm ] |
| Post subject: | Re: Half the NBA teams lost money last year |
Wow. To think the Rockets just sold for 2.2 billion right? Is this a possible bubble waiting to burst? Does anyone else find it suspicious that ESPN publishes this sourcing confidential financial reports, after the perception lately is they drastically overpaid for NBA rights? |
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| Author: | Nas [ Tue Sep 19, 2017 6:47 pm ] |
| Post subject: | Re: Half the NBA teams lost money last year |
Funny math |
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| Author: | Regular Reader [ Tue Sep 19, 2017 7:11 pm ] |
| Post subject: | Re: Half the NBA teams lost money last year |
7 of the 9 losers were in the East. Including a great metropolis like Atlanta |
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| Author: | pittmike [ Tue Sep 19, 2017 7:25 pm ] |
| Post subject: | Re: Half the NBA teams lost money last year |
It should t be a surprise as the totals for tv that determine the cap and team building in value is not all in the yearly revenue to offset operating costs and salary. |
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| Author: | Curious Hair [ Tue Sep 19, 2017 10:15 pm ] |
| Post subject: | Re: Half the NBA teams lost money last year |
Sounds like the notoriously "money-losing" Blackhawks. |
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| Author: | Beardown [ Wed Sep 20, 2017 4:57 pm ] |
| Post subject: | Re: Half the NBA teams lost money last year |
Nas wrote: Funny math Exactly. A lot of these owners put family members on the pay roll making 10 million a year. So if 5 or 6 of these people have these salaries for these phony jobs, they can technically claim a loss. |
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| Author: | badrogue17 [ Wed Sep 20, 2017 5:21 pm ] |
| Post subject: | Re: Half the NBA teams lost money last year |
Beardown wrote: Nas wrote: Funny math Exactly. A lot of these owners put family members on the pay roll making 10 million a year. So if 5 or 6 of these people have these salaries for these phony jobs, they can technically claim a loss. Sounds like Anthony Rizzo's cancer foundation |
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| Author: | Bagels [ Thu Sep 21, 2017 8:34 am ] |
| Post subject: | Re: Half the NBA teams lost money last year |
badrogue17 wrote: Beardown wrote: Nas wrote: Funny math Exactly. A lot of these owners put family members on the pay roll making 10 million a year. So if 5 or 6 of these people have these salaries for these phony jobs, they can technically claim a loss. Sounds like Anthony Rizzo's cancer foundation 
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