The Bakersfield Jam, proud affiliate of the NBA's Golden State Warriors and Orlando Magic announced yesterday that the organization will cease operations, effective immediately.
The decision from owners Stan Ellis and David Higdon to shut down the team was announced to the Jam front office staff Wednesday afternoon. "It's not a reflection on the economy", Ellis said. "Our other businesses are doing very well. It's simply this: we have other business opportunities out there that are scary phenomenal - they're great. There is so much more potential in those businesses that it's not fair to the other 300 people we employ to continue to incur the losses of the Jam."
Ellis continued, "When you have bad business deals that start to go south, you cut your losses and go on to the next one. This is a simple business decision." When commenting on the move to cease operations, Higdon echoed Ellis. "No one has told us we made a bad business decision."
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