The NBA has extended its $1.2 billion credit program, and 22 teams have borrowed money from the league

category:Sports
 The NBA has extended its $1.2 billion credit program, and 22 teams have borrowed money from the league


As the NBAs successful operation allowed the 2019-20 season to resume, they avoided a huge loss in television revenue. In contrast, the leagues teams due to closed games and other reasons, their income in terms of tickets and other aspects fell by 16%.

During the suspension of the league, many teams have been in financial crisis. Like the Houston Rockets. Affected by the new crown epidemic, rockets boss fertita chain restaurants, high-end hotels, supermarkets, all face huge losses. In response to the financial crisis, fertitita had to lay off a large number of employees. So far, fertitita has also been keen to reduce wages and avoid paying luxury taxes in terms of team operations. NBA officials have also seen the operational difficulties of the leagues teams and hope to tide over the difficulties with each team. As early as March this year, the NBA announced that it would increase the credit line of each team from $650 million to $1.2 billion. Major teams have also borrowed money from the league. It is understood that 22 teams have borrowed money from the league, of which 16 teams have reached the upper limit. Source of this article: Netease sports Author: Sal Hu responsible editor: Li Xueer_ NB13040

During the suspension of the league, many teams have been in financial crisis. Like the Houston Rockets. Affected by the new crown epidemic, rockets boss fertita chain restaurants, high-end hotels, supermarkets, all face huge losses. In response to the financial crisis, fertitita had to lay off a large number of employees. So far, fertitita has also been keen to reduce wages and avoid paying luxury taxes in terms of team operations.

NBA officials have also seen the operational difficulties of the leagues teams and hope to tide over the difficulties with each team. As early as March this year, the NBA announced that it would increase the credit line of each team from $650 million to $1.2 billion. Major teams have also borrowed money from the league. It is understood that 22 teams have borrowed money from the league, of which 16 teams have reached the upper limit.