Toggle sidebar

OT: Question about the PPP program and the Los Angeles Lakers

T

Tskware

Heisman
Jan 26, 2003
24,916
21,270
113
LA Lakers gave back their $4.6M loan (probably to avoid a PR disaster). But in reading the article today, I saw example no. 1,000 of the ridiculous bloat in sports. Lakers claim to have 300 employees. Now, given that there are only 12 players on a roster, WTF do the other 288 employees do all day long? Run errands for the coaches and players? I would love to know how many employees the Chicago Bulls had in the 1990s, when they played at a relatively high level, or the Magic Era Lakers of the 1980s. No doubt it was a fraction of the current number of paid staff.

In the same vein, Sports Illustrated ran an article a few years ago about the bloat in major college sports. As one example, they compared the team picture of the 2002 Ohio State national champions to the 2014 team picture of the OSU national champs. And literally, just by counting non players, they claimed there were twice as many admin types in the 2014 picture, a 100% increase in just 12 years.

There is a MAJOR economic correction coming in sports . . . .
 
G

gamecockcat

Heisman
Oct 29, 2004
10,524
13,500
0
And when did a >$400 million revenue business get classified as 'small'? In addition to sports, you'll see a huge reorganization of universities who have become so bloated with admin personnel that, in some cases, there are more admin than there are students (and admin doesn't account for actual teachers). With a huge drop in payroll and sales taxes, state and local governments are going to have to take a hard look at staffing levels and determine whether they truly need as many workers to mismanage funds, pay off their cronies, slow down the wheels of progress, etc.
 
B

Bill Cosby

Heisman
May 1, 2008
29,257
74,453
0
gamecockcat said:
And when did a >$400 million revenue business get classified as 'small'? In addition to sports, you'll see a huge reorganization of universities who have become so bloated with admin personnel that, in some cases, there are more admin than there are students (and admin doesn't account for actual teachers). With a huge drop in payroll and sales taxes, state and local governments are going to have to take a hard look at staffing levels and determine whether they truly need as many workers to mismanage funds, pay off their cronies, slow down the wheels of progress, etc.
Click to expand...


They became small on March 27, 2020 as long as they have less than 500 employees, and will continue being “small” until June 30, 2020.
 
You must log in or register to reply here.
Top Bottom