Monday, March 2

Not Sure What Stern Means

I missed this the first time reading about the NBA's new line of credit with Bank of America, but it struck me as odd the second time around. Here's the pertinent quote from Commissioner Stern, courtesy of the AP:

“They told us there’s no chance of any additional funds being raised for any sports league, and indeed, the credit facilities that had come up for other leagues were being termed out rather than renewed."

Here is what I am struggling with as I read that quote: To which league(s) is Mr. Stern referrring? Is he claiming that the NBA is more financially stable than the NFL? That the banks would rather loan money to his league than to Bud Selig's?

I don't pretend to have in-depth financial information on those leagues, but even a cursory look at the figures would tell you that's a bit odd, no? Ask yourself the question - you have unlimited funds and are looking to loan money to a professional sports league, with no emotional attachments to accompany the purchase, what league are you looking at first? Who's more likely to pay you back, the owner of the Kansas City Chiefs, or the owner of the Oklahoma City Thunder? The Tampa Bay Bucs or the Orlando Magic?

Hey, if Stern is referring to the NHL, I've got no quibble with that. Or, if he's talking about the PGA Tour, or the Arena League, fine, I can accept that. NASCAR, sure, I can see it. But to throw out a blanket statement like "no chance of any additional funds being raised for any sports league," then paint yourself as the only league that's worthy of getting those funds, well, I've got to question that kind of a statement.

Maybe there's something I'm not seeing here, but it sure seems as though we're just being fed some more well-seasoned NBA BS by the King of BS himself.


Anonymous said...

I think Stern is more knowledgeable than us about this topic and the business side of the league so I think it's ridiculous bashing him everytime he says something.

anyways, off-topic (but not so much) the NBA keeps drawing solid tv ratings on national tv, even better than baseball

tony liang said...

Fitch store in general Abercrombie And Fitch , everything a good matrimony before marriage have nothing to retain the preceding "female mad batch - Abercrombie" part of the two is the first home in new york city a horde promotion sportswear for men and it is a successful lawyer, that is, fitch.Ezra fitch in a charge over a very intricate to read from the abercrombie is obstinate to read and long abercrombie & fitch. He's also very good brand Abercrombie and Fitch Hoodies, including Abercrombie And Fitch Clothing and Abercrombie and Fitch JeansAbercrombie and Fitch PantsAbercrombie and Fitch Tees. Has become a fashionable personage's first choice, Abercrombie and Fitch Sweaters is all over the world, of course, is also expected to Abercrombie and Fitch Shorts.
New Year was coming, everyone wants new clothes to disguise themselves,Abercrombie Clothing is a good choice. BecauseAbercrombie Sale is a well-known brand, Abercrombie and Fitch Outerwearseverywhere, abercrombie is very much a Cheap Abercrombie. There has Abercrombie and Fitch Polos, Abercrombie Womens and Abercrombie and Fitch Shirts. Personally, I'm looking forward to Abercrombie Hollister's 2009 New Arrivals, such as Abercrombie Ruehl No.925 like this style.