Bankruptcy Toronto Canada
Are many professional sports teams on the verge of bankruptcy?
Word is, the Hornets are looking to dump a few players in trades, one rival executive says they’re almost broke.
Could we see many teams go defunct? Southern teams don’t seem to do that well at all. Memphis, Charlotte, Atlanta, New Orleans, among others, can’t seem to do well at all.
I foresee many of these teams going bye-bye.
The odd thing is, teams like Toronto do VERY well, but no good players want to go there, they don’t want to get taxed. I don’t really think it’s fair though, these guys don’t live there, why should they pay Canada’s high tax? There should be some sort of compromise.
No…But the Hornets WERE stupid to leave Charlotte…George Shinn was the idiot that decided that…and I used to like him, until then…
Fong and Partners Inc., Trustee in Bankruptcy
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