Word: tippit
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Dates: during 1970-1979
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Banker Bruce Fine, Businessman Alva T. Bonda, Lawyer Richard Miller and Mogul Corp. President C. Carlisle Tippit seem to abandon all fiscal caution when it comes to Cleveland's basketball, baseball and hockey clubs. In the past five years each man has invested from $200,000 to $1 million in one or more of the teams. And they are not alone. "Anybody who invests in sports for profit is out of his head," says Bonda. He should know, having once lost $400,000 in a now defunct soccer team. "The only reason to do it," he says...