I am not saying he isn't an ahole, but why do you claim he is? is there some story about him i am unfamiliar with? <blockquote class="twitter-tweet" lang="en"><p>Jim McIngvale says his Super Bowl promotion at Gallery Furniture with Seattle winning will cost him at estimated $7 million.</p>— Mark Berman (@MarkBermanFox26) <a href="https://twitter.com/MarkBermanFox26/statuses/430173473017581569">February 3, 2014</a></blockquote> <script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script> <blockquote class="twitter-tweet" lang="en"><p>Gallery Furniture's Jim McIngvale says he doesn't buy insurance for Super Bowl promotion that cost him est.$7million. "We self-insure"</p>— Mark Berman (@MarkBermanFox26) <a href="https://twitter.com/MarkBermanFox26/statuses/430178465745076224">February 3, 2014</a></blockquote> <script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script> <blockquote class="twitter-tweet" lang="en"><p>Gallery Furniture's Jim McIngvale on Super Bowl promotion that cost him est.$7 million:"We made about 1000 families happy.God Bless 'em all"</p>— Mark Berman (@MarkBermanFox26) <a href="https://twitter.com/MarkBermanFox26/statuses/430186525540642817">February 3, 2014</a></blockquote> <script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>
It will cost him money but I doubt $7m worth. $7m retail cost of furniture probably cost him like $1m. Furniture is marked up an absolutely astronomical amount.
You can't buy advertising this good. The man is simply a genius at promoting, and I'd love to see him run for Mayor.
I'm guessing Mack got cocky after he ran this promotion in 2009 for the UT-Bama game. Lots of horn fans probably made Mack a small fortune that week.
Well, let's not forget furniture has like a 200-400% markup... So, he lost a bit, but in the end, he will be just fine. DD
He probably looked at it as the same as putting big bucks on the game in Vegas the only difference being that if he lost, he helps people out by furnishing their houses. If he won his bet, he'd have made tons of cash
Source: Wikipedia. I think this quote provides some perspective on how much this loss hurts him. Obviously, not as much as we might think.
Supposedly he had some kind of gym business up in Dallas, where he offered lifetime memberships to people, the business went under and he took all the money and fled to Houston to start up Gallery Furniture. Remember some of the chatters in the rockets stream talking about it.
