Executives at troubled Nortel Networks dropped US$554,952.27 at National Football League games in Dallas last year, apparently without even paying the bill to creditor Texas Stadium Inc.
That's just one of 7,700 creditor claims in Nortel's current foray within US bankruptcy court. Although most other claims are from suppliers and former employees, the sports-related bills racked up by the company are by far the most colorful--while taking in the Dallas Cowboys, for instance, Nortel execs swilled French champagne and Mexican tequila while noshing on Kobe beef sandwiches and baby back ribs in the company's private box.
Nortel's early-season game expenses were said to average about $118,000 per game including a total of $100 big ones to "Millicent's Girls" and "Ms Vicky's," two of the more upscale Dallas escort services. As cash got tight, near the end of the season, executives cut that number to around $200 per match. This was allegedly done by sub-leasing the private box to rival execs from Cisco, meeting at Whacky Jack's sports bar and limiting female accompaniment to "a couple of tarts" one of the VPs met on the bus ride home [after the executive limousine service was canceled.]
Since all of the executives concerned have jumped ship [or are in rehab,] it looks like Nortel is stuck with the bill, again.