Re: DAVID STERN

[Jim McMaster <mcmaster@sweng.stortek.com>]

In message <008e01be14a6$0480a920$71112599@skmishra-hpc.us.oracle.com>, 
"Icarus
" said:
 
> Stern has reasons to be livid because by saying that teams not provided full
> and accurate
> disclosure of their accounts implies that teams are fudging their balance
> sheet and profit and loss account. In which case the revenue service will
> catch the owners first..that's one reason why the unions assertion is
> moronic.  Stern comes across as being very reasonable, clear and consistent
> while Hunter comes across as inconsistent, whiny and confused. Just my
> 2cents. - Mishra
> 
I am not taking the players' or owners' side on this, but there are ways to 
"hide" revenue without getting into trouble.  Suppose the team owner also 
owns the radio station that broadcasts the team's games.  The owner can 
"sell" the broadcast rights for far less than their actual value.  He still 
gets the revenue, but it shows up on the radio station's books instead of the 
team's.  That way, it is not "basketball-related income" that has to be split 
with the players.
-- 
Jim McMaster
mailto:mcmaster@sweng.stortek.com
Go Celtics!