Quote:
Originally Posted by Le Grande Orange
Again, there are major multinational corporation are currently flushing money away on questionable practices. Business doesn't seem to be about business sometimes.
It's not accounting causing it. Some types of institutional investors are propping things up. Shareholders as yet have not revolted in the face of losses. Sooner or later they will.
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You're going to roll on the floor laughing at me, but
this scene in an old sitcom is where I 1st became aware of "creative accounting". (Sry for the video quality. But the dialogue is what's important.) That's what's going on. They are manipulating the "minuses" so that they become "pluses" to the bottom line. Common sense says no one pays billions to lose millions.
What you have in Oakland is the movie
Major League being played out in real life. Sorry seasons leads to "credibility" for trading usable, but expensive, talent for prospects. Which leads to more losing. Which leads to lower attendance. Which leads to "credibility" for not spending $ cause ticket revenue is down. Which leads to more losing w/no name players. Which leads to placing blame on the stadium &/or locale. Which leads to claiming the franchise needs a welfare stadium.
Meanwhile, somehow, this franchise that is supposedly bleeding cash has the funds to put towards a stadium and all the costs that comes from moving personnel, equipment, buying real estate from numerous "binding" agreements & creating new uniforms, logos & merchandise.
The A's ain't losing $. It's not a mystery. It's a lie. It's an illusion. A fraud. A scam. A tactic that has gotten other franchises their welfare homes time & time again. Turn your attention to the man behind the curtain.
__________________
If a man is guilty
4 what goes on inside of his mind,
then let me get the electric chair
4 all my future crimes.
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Batdance
June 7, 1958 - Apr 21, 2016
Don't fall for the spin