Orlando Magic to borrow $10 million f...

Orlando Magic to borrow $10 million from NBA to offset operatin...

There are 5 comments on the Orlando Sentinel story from Feb 17, 2009, titled Orlando Magic to borrow $10 million from NBA to offset operatin.... In it, Orlando Sentinel reports that:

The Orlando Magic plan to borrow about $10 million from the NBA to largely offset operating losses incurred by the franchise, helping to bridge its move into a new arena in 2010.

Join the discussion below, or Read more at Orlando Sentinel.

Dennis

Casselberry, FL

#1 Feb 18, 2009
Alex Martin's lies will have a devastating effect on the citizens of Orlando and Orange County and he is going to have to live with the consequences of those lies.
Dennis

Casselberry, FL

#2 Feb 18, 2009
Never forget that the only reason Alex Martin changed the name from Basketball Arena to "Event Center" was because I raised the issue of a retractable-roof stadium being a superior solution/idea.
Dennis

Casselberry, FL

#3 Feb 18, 2009
Hey neighb:
Alex is a financial wizard like the liars on Wall Street who got this country into this financial mess.
Jimmy

Orlando, FL

#4 Feb 18, 2009
Fun talking to yourself? Nobody cares that you want a retractable roof and your delusions about your role in the matter are quite humerous.
EWS

Honolulu, HI

#5 Feb 21, 2009
The bigger issue is player/management salaries. Let's face it, if players salaries were in line with reality, top stars would be getting at best $3-5 million a year. The Magic wouldn't be having "operating losses" if this were the case. But again, the NBA operates in a fantasy world where normal accounting rules don't exist.

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