The league lost $10 million annually in early years, escalating to $40–50 million in recent years. Or so they say.
Q: WHY WOULD SAVVY INVESTORS KEEP A FAILING EFFORT GOING?
A: BECAUSE IT IS NOT FAILING . #Corruption
The league lost $10 million annually in early years, escalating to $40–50 million in recent years. Or so they say.
Q: WHY WOULD SAVVY INVESTORS KEEP A FAILING EFFORT GOING?
A: BECAUSE IT IS NOT FAILING . #Corruption
Experts Nola Agha and David Berri suggest the WNBA may use accounting practices and tax loopholes to declare losses even when cash-flow positive or when asset values increase. This can serve two purposes:
#Corruption #BlackHole
Experts Nola Agha and David Berri suggest the WNBA may use accounting practices and tax loopholes to declare losses even when cash-flow positive or when asset values increase. This can serve two purposes:
#Corruption #BlackHole
Labor Negotiations: Reported losses can be leveraged to negotiate lower player salaries in collective bargaining agreements (CBAs). #Corruption #BlackHole
Labor Negotiations: Reported losses can be leveraged to negotiate lower player salaries in collective bargaining agreements (CBAs). #Corruption #BlackHole