Raptors Forum | Toronto Raptors Forums & Message Boards - View Single Post - Pacers could move if financial losses continue
View Single Post
Old 03-13-2009, 12:04 AM   #1 (permalink)
a paranoid android

My name is Ińigo Montoya
Belsius's Avatar
Join Date: Dec 2007
Location: Madrid, Spain
Posts: 8,602
Pacers could move if financial losses continue

INDIANAPOLIS (AP)—Indiana Pacers co-owner Herb Simon passionately says he doesn’t want to see the city without his franchise.

His wishes and the bottom line appear to be at odds.

Among the key issues for the struggling franchise is its operation of Conseco Fieldhouse. The building where the team plays its home games belongs to the Indianapolis Capital Improvement Board, and the Pacers have been paying its $15 million operating cost. Pat Early, the board’s vice president, said the Pacers have made it clear that they no longer can pay that amount, in part because they could lose $30 million this season.

Early said the Pacers haven’t threatened to leave, but the team would be forced to make some “very difficult decisions” if it remains saddled with the operating cost of the facility or if attendance continues to lag near the bottom of the league.

“It’s possible they could move the team,” Early said. “It’s possible they could sell the team. It is also possible they could shut the team down. What’s not possible is the Pacers losing the kind of money they’re losing this year indefinitely.”

Simon said he doesn’t want to move the team, though he acknowledges that the financial losses have accelerated the past three years.

“I have no thought of leaving Indiana,” he said. “Only a thought of preserving the Pacers and keeping them in Indiana. That’s the only issue right here.”

Pacers could move if financial losses continue - NBA - Yahoo! Sports
Belsius is offline   Boss Key Wife Key