In Prescott Sullivan’s column in today’s San Francisco Examiner, former Raider co-owner and general manager Chet Soda was quoted as saying his fellow owners hadn’t lost quite as much money as had been originally reported. Back in December, there were stories saying the owners had lost about $400,000, or $50,000 per owner. Soda explained that the figure didn’t take into account typical business practices, that his own losses were closer to $15,000, and that his fellow owners’ losses were probably in that neighborhood, too.
“When losses are written off as a tax deduction against other income,” he said, “none of us will be hurt too much.”
Elsewhere, it wasn’t likely that the Raiders were going to meet the 49ers on the gridiron any too soon, but the teams announced they would take their rivalry to the hardwood on the 21st at a court in Pleasanton. Further details were unavailable at the moment.
San Francisco Examiner