Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: NYCVirago

I believe that Sterling is the only owner in the NBA to run a franchise that has posted a profit for 14 straight years. Odd.


7 posted on 08/16/2004 8:03:04 AM PDT by KC_Conspirator (This space outsourced to India)
[ Post Reply | Private Reply | To 5 | View Replies ]


To: KC_Conspirator
I believe that Sterling is the only owner in the NBA to run a franchise that has posted a profit for 14 straight years. Odd.

It's like small-market owners in baseball who make lots of money on their team, but devalue their own franchise with their cheapskate moves. On the other hand, George Steinbrenner spends a ton of money on the Yankees, but he ultimately has increased the value of his franchise from $10 million (what he paid for it) to over a billion (what it's worth now) by putting great teams on the field and increasing fan interest. The fact that the Clippers are only worth $200 million is pathetic -- they should be worth a lot more, but Sterling is only interested in the short-term money he makes off it, not the long-term value of the franchise.

22 posted on 08/16/2004 1:10:10 PM PDT by NYCVirago
[ Post Reply | Private Reply | To 7 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson