BigRobSA said:samurai_science said:94chem said:Kenneth_2003 said:
It was mentioned several pages back that team valuations also inflated due to tax treatment
So what? Tesla paid $0 in taxes last year. Owners sell franchises all the time after using the taxpayers to jack up their value (remember George W. Bush?). Separating people from their money is the primary goal of business. The WNBA is doing pretty well in that regard.
Each team is losing at least 20-40 million even with the new revenue and the only people they are separating from their money is nba owners.
Wut!?
I thought the 40 to 50 Million dollars lost was the league total, not per team.
You're right. That poster is incorrect. And now, a lot of those losses are investment related, where the negative cash flow isn't just a sinkhole.
94chem,
That, sir, was the greatest post in the history of TexAgs. I salute you. -- Dough
That, sir, was the greatest post in the history of TexAgs. I salute you. -- Dough
