That's how ridiculous the headline in the Washington Post about the WNBA Franchise here in town reads. "Leonsis: Mystics Are Losing Money, But Franchise Will Survive."
Oh yeah, if you read the article, you will see that it's worse than you think!
"The franchise is losing money," he said. "It's lost money every year that it's been in existence, but that doesn't mean it is in dire straits.
"We've continued to invest in the business, and we believe in the WNBA. We believe in the franchise. We believe in the fan base. To be frank about it, our expenses have been increasing faster than our revenues so we've been losing more money year over year, and that is troublesome for any business."
While the Mystics continue to search for a business model that works, other WNBA teams are gaining solid footholds in their markets.
NOTE: If you replace "Mystics" with "donut shop" and keep everything else the same, you would say that only somebody with a psychological disorder would look at this as a "business" and contend that it makes sense to "invest" any more in this money losing donut shop.You want a "business model that works?"
Fucking fold!
That strategy has a 100% chance to stop your money-losing streak at 12 years in a row.
I guarantee it.
>>>>>>>>>>>>>>>>
Maybe time for me to Introduce the "Baghdad Bob Award" in sports for delusionalism. If so, then Ted, congrats! You are our first ever winner!
Dude, the federal government utilizes the same business model.
ReplyDeleteCzabe, I read an analysis of the WBNA as a whole back several years ago while working for the Mohegan Sun when they were preparing to purchase the Orlando franchise which would eventually become The CT Sun. The one line that stuck with me was, "The WNBA is been hemoraging cash". HEMORAGING CASH! Great investment. I guess these morons believe that title 9 applies to actual businesses.
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