Posted 13 April 2012 - 10:59 AM
Posted 13 April 2012 - 01:26 PM
Bad jokes aside, looks like Stern not only kept the team in New Orleans, but made a nice little profit for the league in doing so.
Posted 13 April 2012 - 05:43 PM
2) Tom Benson's net worth is $1B, which is really not that much considering his purchase was about 1/3rd of that, but it really depends on his cash flow and liquid assets. How much does one man really need to live on? I don't think he will be hurting even if he goes a slightly red every year with his $600M + he has left over; despite possibly running a deficit, franchises are generally appreciating assets, and when he (or his estate) eventually flips the team, it will likely be for a profit.
Posted 13 April 2012 - 05:58 PM
Too bad no Memphis locals are stepping up to the plate and buying the team from Heisley before he sells it to people who will move the team to a more viable NBA city faster than a Memphis mugging.