Thursday, February 26, 2009

Recession Hits NBA As Well



According to a Business journal the NBA is borrowing 175 million to help out teams who are struggling to make it through the year. because of the prolong recession many teams are struggling to fill arena's and when you do that losses will mount up very quickly. The NBA was able to strike a deal to borrow 175 million to finish the year out.

In seems 15 teams needed the help, but the teams who needed the money was not released. I do not know if we will ever find out who the teams were or how much they needed, but it goes to prove the NBA and sports are not immune from the recession.

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