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Old April 9th 08, 04:21 PM posted to rec.games.chess.politics,rec.games.chess.misc,nyc.politics,misc.legal,rec.games.chess.computer
samsloan
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Posts: 9,236
Default Don Schultz defends "Internet Insurance"

On Apr 9, 10:24 am, wrote:
If Channing leaves, their dreams of taking control of the
USCF Treasury will have ended and they might leave too.


Sam Sloan


And why exactly would they want control of the treasury'
of an effectively bankrupt mnember organization exactly?

If we were talking about say the ...

Kasparov Chess Foundation or
ICC or even a neighborhood club

it would make more sense. I just fail to see any possible
upside given the liabilities of the USCF relative to it's
virtually complete lack of assets aside from the member
information.


Perhaps you are not aware that the USCF has $3.2 million in annual
revenues.

A nice piece of change, sufficient for a comfortable retirement to
Vietnam.

Sam Sloan
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