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Message
re: Miami Heat for next season
Posted on 6/22/13 at 10:04 am to Tiger n Miami AU83
Posted on 6/22/13 at 10:04 am to Tiger n Miami AU83
quote:
In fact, Lebatard was saying on the radio today Micky Erickson (Heat owner) is losing money and will take a bath the next two years.
He's not losing any money, and if he is...doesn't matter in the NBA.
Why do you think a group of investors was willing to pony up $500 million for the Kings, and were even willing to spend another $400 million on a stadium? And, that was without public funding. Most NBA team stadiums are publicly funded.
Why would a group of investors want to spend that kind of money on a team to "lose" $20-$30 mil every year?
It's accounting, bruh. Roster depreciation. Purchase price ammortization, etc. etc.
Check out this article:
LINK
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