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Old February 7th 04, 12:44 AM
King Leopold
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Posts: n/a
Default Yes, I am running


"Paul Rubin" wrote in message
...
(Sam Sloan) writes:
Over the last 65 years that the USCF has been in business, the only
consistently profitable area has been the sale of books and equipment.


What makes you think it's been profitable, especially in the past few
years? The outsourcing seems to be motivated by some very justified
disbelief in the bull**** numbers coming out of the office claiming
that B&E is profitable. It seems almost impossible to tell for sure
what the real situation is, but some pretty financially savvy folks
who have looked at it closely have come to the conclusion that B&E has
been losing money steadily under recent USCF management, so it's time
to let someone else run it. My guess is, they are right and you are
wrong.


Paul,
You are right in that you are guessing, but your guess is wrong. The
only way for the B&E of the USCF not to make money is to mismanage it, which
is the true problem. Fix the management and the accounting and the B&E is
profitable.
Since the USCF can not fix those two areas than they are stuck outsourcing
it for pennies on the dollar scraps they will get.
Leopold


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