Re: Refund

["Jim Meninno" <jim_meninno@hotmail.com>]

Of course, with their business acumen, they probably invested the money 
at a higher rate of return than they gave you and made money on the 
deal.  Where they do lose money is if they have employees who are still 
getting paid (has Pitino refused his pay yet?), or mortgage payments on 
arenas and such.  But then they probably use that as tax write-offs.  
No, the players are the ones losing money, because everything they get 
is pure profit.  How much of the owner's 43% actually ends up in his 
pocket anyway?  Very, very little.  The owners only need to be careful 
not to hurt the league so badly that the long term values of the teams 
are affected.  Otherwise they won't be able to sell them for $250 
million, or whatever a franchise goes for these days.

Jim

>Date: Mon, 07 Dec 1998 17:52:59 -0500
>From: Mike Dynon <mdynon@ix.netcom.com>
>Reply-To: mdynon@ix.netcom.com
>To: Celtics List <celtics@igtc.com>
>Subject: Refund
>
>The owners have officially joined the players in the category of losing
>money.  In today's mail I received a refund check for my season ticket
>games in October (pre-season) and November.  The amount included 6%
>interest.  The check for December's cancellations will be mailed in the
>first week of January.
>-- 
>Mike Dynon
>North Kingstown, RI
>
>*******************************************************
>Are you associated with women's college volleyball? 
>Click here for information about a talented prospect:
>      http://www.netcom.com/~mdynon/Diane1.html
>*******************************************************


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