Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Promise by Houston Astros owner costs $4.2 million

 

HOUSTON (AP) – The Houston Astros’ improvement this year from baseball’s worst team cost its owner, Houston furniture mogul Jim McIngvale, more than $4 million to make good on a promise to fans.
The man known in Houston as ”Mattress Mack” last spring offered to reimburse the first 500 customers who spent more than $6,300 on furniture at his stores if the Astros won 63 games – matching the age McIngvale turned this year. The Astros won 70 games.
Sunday was payoff day and some 420 customers picked up their money at a party at McIngvale’s store.
”I could have put it at 70, which would have made it much more difficult, but I wanted to give the customers a better chance to win, and that’s the way it turned out,” McIngvale said. ”The customers are happy, we’re happy.”
Two lines of happy customers stretched the length of the store to collect their winnings, munching on free food and chatting with and getting autographs from former Astros players Larry Dierker and Jose Cruz, plus Reid Ryan, the club’s president.
”You never like to put a certain win number out there, since we’re in the rebuilding process, but we thought, you know what, this is a good way to get people excited about the Astros again,” Ryan told the Houston Chronicle (http://bit.ly/1toiPOX ).
Kyle Nix, 34, compared his $6,500 reimbursement check to a winning lottery ticket.
”It feels really good,” he said. ”I’ve been an Astros fan for a long time … it made my wife interested in baseball for the first time. She’s usually not a sports fan, but she watched every game with us. She actually knew some of the players’ names by the end of the season.”
It’s not the first time McIngvale has used sports as a publicity tool for his business.
In February, customers who picked the Seattle Seahawks to win the Super Bowl picked up $7 million in furniture refunds.
”I wish it had not been so costly, but it is what it is,” McIngvale said.

Information from: Houston Chronicle, http://www.houstonchronicle.com