Pacers Have Lost Money in 9 of Past 10 Years, May Leave Indy
Simon said the Pacers have lost money nine of the past 10 years, including the year the Pacers played in the NBA Finals. (Forbes.com offers a different financial picture; see the graphic at right.) Jim Morris, president of Pacers Sports & Entertainment, said the team has lost $200 million total since Simon bought it in 1983.
"There comes a point where you have to say, ‘Maybe I can’t do this anymore,’ " Simon, 74, said in an hourlong meeting with executives and reporters at The Indianapolis Star. "Certainly my family, if I’m not here, is not going to be able to do it.