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09-21-2003, 08:39 AM
Join Date: Mar 2002
Originally Posted by
If the owners are claiming they lost $518 million over the last two years, then how were they able to put together an additional $300 million for a lockout/strike warchest?
If they made a $518 million lost, how did they pay the players?
A loss is the net result of revenues - expenses. A warchest doesn't count as an expense, it's merely a provision (putting cash into a different account)
As such, there's really no connection between the losses and the "warchest".
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