Report: Nearly 10 NBA teams losing money

Fran
Site Admin
Posts: 1204
Joined: Wed Nov 26, 2003 2:49 am
Location: Southampton, PA
Contact:

Report: Nearly 10 NBA teams losing money

Post by Fran » Fri Jul 17, 2015 1:14 pm

Hard for me to believe with the tv money they are getting.

http://probasketballtalk.nbcsports.com/ ... article%5D

User avatar
preeths
Site Admin
Posts: 8457
Joined: Sat Jan 04, 2003 11:34 pm
Contact:

Post by preeths » Fri Jul 17, 2015 1:41 pm

Even if they're losing a bit of money per season, how much has the value of each franchise grown with the mega TV deals? There are a few owners who could make a solid profit by cashing out.

robster2001
Site Admin
Posts: 1046
Joined: Wed Dec 29, 2004 11:02 pm

Post by robster2001 » Fri Jul 17, 2015 10:05 pm

Good accountants can make the numbers say anything you want them to say.

Suffice it to say that if any NBA team was legitimately losing money, their owner would sell.

Fran
Site Admin
Posts: 1204
Joined: Wed Nov 26, 2003 2:49 am
Location: Southampton, PA
Contact:

Post by Fran » Fri Jul 17, 2015 10:29 pm

Are they trying to give the owners some leverage when they have to negotiate a new CBA in 2017.

User avatar
preeths
Site Admin
Posts: 8457
Joined: Sat Jan 04, 2003 11:34 pm
Contact:

Post by preeths » Fri Jul 17, 2015 11:18 pm

[quote=""Fran""]Are they trying to give the owners some leverage when they have to negotiate a new CBA in 2017.[/quote]
That would not be a shocking result.

User avatar
Pounder
Site Admin
Posts: 2736
Joined: Tue Mar 23, 2004 7:01 pm
Location: Portland freaking Oregon!

Post by Pounder » Sat Jul 18, 2015 6:36 pm

[quote=""Fran""]Are they trying to give the owners some leverage when they have to negotiate a new CBA in 2017.[/quote]

Not just what preeths said (which is also true). Pleading poverty somehow seems to be a powerful tool to get that new arena you always wanted.
Mean Spirited Blogger #107

suge night
Site Admin
Posts: 649
Joined: Wed Mar 01, 2006 4:09 pm
Location: USA

Post by suge night » Sun Jul 19, 2015 9:37 pm

One of the biggest scams going is the public interest project, stadiums always fall under this umbrella pounder spoke of a arena, I don't know if that is in this situation or not but any time you hear the word public interest project its a scam, how it works you ask well a small group who have interest in the project speak continually of how much the public will benefit from the proposed project when the truth of the matter is the general public (tax payer) is priced out and can't and or don't have a vested interest in benefitting from the project its a great scam legal of course but none the less a scam, as for teams losing money yes the owner buys in but in order to reach triple digit billionaire status take the TV money and use as little as possible for the team the entire thing is a shell game, without the TV money its glorified minor league sports, now who still is surprised by this oh you there in the stripped shirt come real close and I have a tip on some great land just across the bridge in El Paso sure it may be in another country but the public interest is outstanding . :rolleyes:

User avatar
Sam Hill
Site Admin
Posts: 4142
Joined: Wed Nov 26, 2003 3:29 am
Location: Denver, CO

Post by Sam Hill » Sun Jul 19, 2015 11:22 pm

[quote=""Pounder""]Not just what preeths said (which is also true). Pleading poverty somehow seems to be a powerful tool to get that new arena you always wanted.[/quote]

Less poverty than the threat of relocation.

Some people can't seem to bear the thought of their metropolis going without a money-sucking sports team.
Old enough to remember when bashing the ABA was fun.

Post Reply

Return to “General Basketball”