There has been a lot of speculation from mainstream media and bloggers alike about what effect, if any, the slumping world economy would have on the NBA. Writers have looked at a variety of angles to the story such as; the effect of the economy on trades near the trade dealine, ticket sales, and even coaching moves. The buzz only grew when it was announced by David Stern that the NBA would be laying off upwards of 80 employees due to the economic downturn.
Well for those of you monitoring the “business side” of professional sports, we thought you would have an interest in this interview with David Stern speaking about a recent private meeting he helped to set up for NBA Owners with J.P. Morgan CEO Jamie Dimon to discuss all things related to economy and sports. For those of you who aren’t familiar with JP Morgan, they are one of the biggest financial services companies in the world. From Stern’s reaction in the interview, he seems to be in positive spirits following the meeting, saying that he feels the NBA and the franchise owners should come out of these poor economic times relatively unscathed and possibly in a position to grow bigger than ever.
