When I'm thinking I often engage in a nervous habit where I read random Wikipedia articles until the though solidifies.  Yes, I'm a bit crazy.

Anyway, I thought I'd start sharing some bizarre stuff I find while I peruse the vast depths of obscure human knowledge. 

Today:

OnGoal, LLC is a group of Kansas City investors formed for the purpose of purchasing the Kansas City Wizards of Major League Soccer and seeing through the construction of a permanent soccer-specific stadium for the team. On August 31st, 2006, OnGoal bought the Wizards from their previous owner, Lamar Hunt, for a figure "in the ballpark" of US$20 million. [1]

In December 2007, OnGoal received approval for approximately $275 million of public financing to create a soccer specific stadium in southeast Kansas City.

Let me get this straight.  A handful of millionaires (seriously, look at the article... they aren't poor) get together and buy a company with $20 million and are immediately rewarded with a $275 million dollar stadium? 

Can someone explain how that makes any fucking sense?  How could a concern with a value of $20 million possibly give a return on an investment of $275 million?  It boggles the mind.

I bet they needed to build 40 miles of light rail to the stadium, too.

Posted by: Moron Pundit at 03:32 PM | Comments (7) | Add Comment
Post contains 219 words, total size 2 kb.