"Paul Rubin" wrote in message
...
"King Leopold" writes:
... 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.

You are right in that you are guessing, but your guess is wrong.

That's what Sam says too, but neither of you have given anyone the
slightest reason to believe that you know better than the financial
experts who have looked into the issue. Your repeating a falsehood
doesn't make it true.

The only way for the B&E of the USCF not to make money is to
mismanage it, which is the true problem.

That is correct.

Fix the management and the accounting and the B&E is profitable.

Probably true, but apparently beyond the USCF's competence.

Since the USCF can not fix those two areas than they are stuck
outsourcing it for pennies on the dollar scraps they will get.

Yes, correct, having a net inflow is better than losing money, even if
the inflow is pennies on the dollar. Hence the outsourcing. Given
the USCF's limitations, doing anything else is just about certain to
result in yet more losses.

Paul,
Please don't take me as being hostile, because I'm not.
If you do some research, you will see that the USCF has a very nice unique
rich history and has made money in the past with its B&E. But do to the bad
management problems of the past several years its not leaking, but bleeding
to a quick death.
I truly hope someone (Bill G.) can turn it around and stop the hemorrhage
before its to late. I would love to see the US Chess Fed. continue to be the
main body that governs chess, but my own hopes are not high.
I think that soon, someone will develop an alternative to the USCF and that
will be the death blow that will finally kill it. But until then, It remains
floundering and many a people are bailing it out with paper cups. Its sad.
My personal feeling is to keep the B&E in house, develop a professional
operation to run it. Show the book publishers the plan and beg them for
credit and time and give it one last shot.
If they can use it to turn a profit, the profit could be used to shore up
the USCF until they can turn IT around.
What else can I say.
I really hope the USCF survives the next year or so. Otherwise....well you
know.
Leopold