bought the Pacer for 11 million in 1983, they really had no interest in buying a pro franchise but thought the pacers were important to the city and didn't want them to leave town which was likely going to happen. the mayor at the time convinced them to step in. according to an article in the USA today they held several meetings trying to get investors to buy into the team but found no takers. so, they decided to give it a go on their own.
Today the Pacer are valued at 2.9 BILLION. lesson to you kids out there serve your community and good thing will happen.
Today the Pacer are valued at 2.9 BILLION. lesson to you kids out there serve your community and good thing will happen.