Results 1 to 4 of 4

Thread: NBA contraction not the solution

  1. #1
    Chairman of the Boards 90'sNBARocked's Avatar
    Join Date
    Nov 2009
    Location
    Chicago, but Brooklyn/Naptown Raised!!
    Posts
    7,610

    Default NBA contraction not the solution

    http://www.foxsportssouthwest.com/08...37&feedID=3799

    The Indiana Pacers? They have a quality fan base, a basketball history and new arena — and their owner, Herb Simon, is worth $3.5 billion. It's frankly laughable to hear the Pacers talk about how they are a money loser over the years; it's like me saying I only get one-percent interest from my crummy little bank account without revealing I'm a ground-floor stockholder in Halliburton and Apple.

    Wow
    Sittin on top of the world!

  2. #2
    Member Since86's Avatar
    Join Date
    Dec 2004
    Location
    Muncie
    Posts
    21,090

    Sports Logo Sports Logo Sports Logo Sports Logo

    Default Re: NBA contraction not the solution

    Talk about misrepresentation of the truth. Businesses that continually post losses, don't stay in business. That's common sense.

    If the league was complaining about a 1% profit margin, then the owners wouldn't have public opinion on their side. But it's pretty hard to argue with their point, when almost 70% of your league is losing money, in a big way.

  3. #3
    Chairman of the Boards 90'sNBARocked's Avatar
    Join Date
    Nov 2009
    Location
    Chicago, but Brooklyn/Naptown Raised!!
    Posts
    7,610

    Default Re: NBA contraction not the solution

    Quote Originally Posted by Since86 View Post
    This quote is hidden because you are ignoring this member. Show Quote
    Talk about misrepresentation of the truth. Businesses that continually post losses, don't stay in business. That's common sense.

    If the league was complaining about a 1% profit margin, then the owners wouldn't have public opinion on their side. But it's pretty hard to argue with their point, when almost 70% of your league is losing money, in a big way.
    I think, and could be wrong, the writer was implying if you are woth 3.5 Billion , to even "talk" about losing money is pointless
    Sittin on top of the world!

  4. #4
    Member Since86's Avatar
    Join Date
    Dec 2004
    Location
    Muncie
    Posts
    21,090

    Sports Logo Sports Logo Sports Logo Sports Logo

    Default Re: NBA contraction not the solution

    He's worth 3.5billion because he doesn't operate a business that routinely loses money.

    People are rich because they make good investments. If you want to stay rich, you don't flush your money down the toilet.

    A lot of NBA players don't understand the concept of investing, which is why we have stories like Spreewell getting his yacht repossessed.

    Millionaires and billionaires go bankrupt frequently. It's not like they have an endless pit of money to reach into. Donald Trump, at one time, was pretty much broke. He managed to be almost a full billion dollars in the hole, personally. And much more than that through his business.

    It can all fall apart quickly, if you make stupid investment after stupid investment.

Similar Threads

  1. The Solution to the PF Spot
    By thatch3232 in forum Indiana Pacers
    Replies: 53
    Last Post: 03-13-2011, 11:55 PM
  2. ESPN: LeBron James discusses contraction
    By vapacersfan in forum Indiana Pacers
    Replies: 79
    Last Post: 12-28-2010, 05:07 PM
  3. Replies: 60
    Last Post: 10-28-2010, 02:25 AM
  4. Which Is The Best Magazine for Financial solution ?
    By jhonepawell in forum Market Square (General Non-Sports Discussion)
    Replies: 1
    Last Post: 02-16-2010, 02:51 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •