Wednesday , Mar , 11 , 2009 C.Y. Ellis

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. ( 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.