Finances 9teen

Up to fifteen equipment in hardships they will receive money

The lack of economic liquidity has forced the NBA to request a credit for 200 million dollars to oxygenate the day to day of around fifteen tax exemptions that accumulate in the last numerous campaigns losses. The commissioner of the NBA, David Stern, has sold the loan realised by two American banking organizations like a demonstration of the confidence that even generates North American professional Liga in the days of crisis.

But the reality is that the NBA is in hardships. The existence of the loan revealed the specialized magazine Sports Business Journal. Each equipment with problems will receive from thirteen to twenty million dollars. Stern wanted to clarify that the fact to receive the money does not mean that all the equipment has financial problems.

Losses.

No of the thirty tax exemptions of the NBA has wanted to recognize that it is going away to benefit partially from this gigantic loan, but seems clear that the Bobcats de Charlotte, with strong annual losses (300 million paid to begin to play campaign four), will be one of the attractive ones. Also the Denver Nuggets and the Orlando Magic. “We are studying the situation”, is the answer until now.