Results 1 to 2 of 2
  1. #1
    Purple Floyd's Avatar
    Purple Floyd is offline Jersey Retired
    Join Date
    Dec 1969
    Posts
    16,646
    Blog Entries
    1

    Bernie Madoff Would’ve Made a Fine NFL Owner

    http://www.bloomberg.com/news/2011-03-15/bernie-madoff-would-ve-made-a-fine-nfl-owner-commentary-by-scott-soshnick.html
    Fudging Numbers

    Should the residents of South Florida trust the leadership of baseball’s Marlins, who trimmed payroll and sought taxpayer assistance for their new stadium while privileged financial statements obtained by the website Deadspin.com showed the team turned an operating profit of about $49 million for the combined 2008 and 2009 seasons?

    Should players and fans trust George Shinn, who, the Charlotte Observer revealed, was underreporting attendance for the Hornets as it lobbied the National Basketball Association for a move to New Orleans? Here was a case of an owner fudging the numbers to get what he wants.

    And then there’s Minnesota Timberwolves owner Glen Taylor, who knowingly violated the NBA’s labor agreement when in 1999 he entered into a secret contract with a player.

    “What was done here was a fraud of major proportions,” NBA Commissioner David Stern said at the time. “The magnitude of this offense was shocking.”

    It’s worth noting that league owners in 2008 elected Taylor chairman of their Board of Governors. Trust us.

  2. #2
    Walter Clock is offline Training Camp
    Join Date
    Mar 2011
    Posts
    20

    Re: Bernie Madoff Would’ve Made a Fine NFL Owner

    Madoff ran a ponzi scheme like Social Security.

    These are examples of other types of fraud.

    The NFL is big and overconfident like MLB before it crashed. Pride comes before a fall..........
    None

Similar Threads

  1. Bernie Kosar Files For Bankruptcy
    By Garland Greene in forum General NFL Discussion
    Replies: 1
    Last Post: 06-20-2009, 10:17 AM
  2. Replies: 0
    Last Post: 04-08-2009, 09:47 PM
  3. Edwards fined $25,000 - Isn't fine with his NFL fine
    By singersp in forum Vikings Fan Forum
    Replies: 7
    Last Post: 11-26-2008, 06:22 AM
  4. Actor and comedian Bernie Mac dies at age 50
    By SharperImage in forum The Clubhouse
    Replies: 15
    Last Post: 08-10-2008, 12:34 PM
  5. Replies: 6
    Last Post: 04-17-2008, 03:40 PM

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •