Houseguest
10-07-2004, 09:07 PM
Look, many on this board would agree that questions should be raised about the Newark Housing Authority. But where the h*ll has the public scrutiny been for the NJ Sports Authority?!? I must have missed the protests and outcries over the last 5, 6, 7 years or so regarding the CARELESS SPENDING, DUMB lease agreements and STUPID decisions being made with NJ TAXPAYER MONEY.
And this is an agency that is rewarded for failing:
Sports authority must pay, even if NHL doesn't play -- INDUSTRY INSIDER | MEDIA & BUSINESS OF SPORTS [/SIZE] [/B]
...The Sports Authority makes payments each month to the French Bank Credit Lyonnaise on the team's behalf. The lease called for the Sports Authority to pay the $3.3 million a year to prevent the team from moving to Tennessee.
.......there is a monthly payment of $268,000 the sports authority makes each month to the French Bank Credit Lyonnaise on the team's behalf. The payment is a result of the lease the Devils signed with the sports authority in 1995. The lease called for the sports authority to pay the Devils $3.3 million a year...
The team's former owner, John McMullen, then took the lease to the French bank, which gave him a lump-sum $25 million payment and obligated the Sports Authority to pay off that payment each month. :mad:
And this is an agency that is rewarded for failing:
Sports authority must pay, even if NHL doesn't play -- INDUSTRY INSIDER | MEDIA & BUSINESS OF SPORTS [/SIZE] [/B]
...The Sports Authority makes payments each month to the French Bank Credit Lyonnaise on the team's behalf. The lease called for the Sports Authority to pay the $3.3 million a year to prevent the team from moving to Tennessee.
.......there is a monthly payment of $268,000 the sports authority makes each month to the French Bank Credit Lyonnaise on the team's behalf. The payment is a result of the lease the Devils signed with the sports authority in 1995. The lease called for the sports authority to pay the Devils $3.3 million a year...
The team's former owner, John McMullen, then took the lease to the French bank, which gave him a lump-sum $25 million payment and obligated the Sports Authority to pay off that payment each month. :mad: