Quote:
Originally Posted by dstudeba
Thanks Peter, however I believe my point is still valid. George and the other owners took the risk be it through cash, credit, leases, player contracts, employees, and a myriad of other liabilities that they were on the hook for.
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For all his other faults. George was smart enough to know that he don't make money without fannies in the seats.
And it's the players--certain ones in particular--that put the fannies in the seats.
So paying what it takes to get those players was--and is--good business strategy.
A strategy that turns your $8.5 million "risk" into a $1.6 billion commodity.