NBA to add employees overseas as revenue declines 07/10/2009 |
|
| |
| |
The National Basketball Association will add between 10 and 50 employees in countries such as China and India even as revenue declines, NBA Commissioner David Stern said.
Stern, in London for a preseason game between the Utah Jazz and Chicago Bulls, said the New York-based league’s sales declined between 2.5 percent and 5 percent during the recession. Attendance has increased, he said without providing details.
“Our revenues will decline slightly because our teams have responded to our fans by either freezing prices or lowering them,” Stern told reporters before today’s game. “The banks have recently renewed a facility we had for more than $2 billion, so we feel pretty good in our place.”
The NBA, which employs 30 people in London, has no plans to cut its workforce, Stern said. The league cut 9 percent of its workforce in 2008. The National Football League also reduced payrolls by 14 percent last year.
Stern also said that the NBA hasn’t made progress toward an agreement with its officials and no talks have been scheduled.
“We hope, but I think we know, that we’ll eventually reach a deal,” he said at a press conference in London. “Right now we’re not discussing anything with the union. They know how to reach us. They haven’t even told us why they rejected it.”
Stern said the league thought the sides had an agreement before the union rejected the proposal. The NBA had little choice but to start the preseason with replacement officials, he said.
(Source: Bloomberg)
|
| Back |
| |
| |
|
|
 |
Advertisement
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
