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Friday, February 27, 2009 | 2:44pm
NBA to Borrow $200 Million to Aid Teams
gamble times for this country boy, might be the NGA..G for gamble
I hear it’ll be from private cake makers, no government intervention here..atleast not yet
NEW YORK – The NBA has lined up $200 million to distribute to teams interested in additional cash, which the league considers a sign it remains strong in a slumping economy.
Between $13 million and $20 million will be available to each of 12 teams that have expressed interest in the funds, commissioner David Stern said Thursday. The money can be used for any purpose, including helping teams deal with operating losses incurred because of the economy.
It should not, Stern said, be construed as a bailout. At a time when credit markets have been frozen, investors saw the NBA as a safe bet. NBC Sports has more
FILED IN Business & Marketing, News, Sports
Definitely could lead to a gamble!
yup