Oklahoma State booster and wealthy oil man with a plan T. Boone Pickens tells the WALL STREET JOURNAL (via THE WIZ OF ODDS) he’s down a cool billion with a B dollars thanks to deflating hedge funds.
All in, the funds have lost around $1 billion this year, a figure that includes $270 million of personal losses. “It’s my toughest run in 10 years,” said Mr. Pickens.
All of the planned athletic facility upgrades will be built with money borrowed against money in Pickens’ hedge fund, which includes Pickens’ 2006 donation of $165 million.
Which of course means the Manhattan Project-like breakneck place of renovation the Cowboys had planned is now slowing down. When asked why they had pushed back the construction date of a new practice facility, Cowboy Athletic Director Mike Holder quipped “have you seen the price of oil?”
Try using that line on the girlfriend the next time she wants to go out to a fancy dinner, see how far that gets you.