Seahawks’ Win Costs Houston Furniture Store Man $7 Million

HOUSTON (AP) — Seattle’s victory in the Super Bowl has cost Houston furniture store mogul Jim McIngvale some $7 million.

McIngvale is the owner of one of the nation’s largest independent furniture stores, Gallery Furniture. He promised customers who spent at least $6,000 in the past two weeks and took delivery before Sunday’s game that he’d refund their purchase cost if Seattle won.

Seattle routed Denver, 43-8.

McIngvale said Monday his accountant is “pulling his hair out.” He says he didn’t do well financially, but did build is brand. He says the promotion was not covered by insurance.

Copyright 2014 by STATS LLC and The Associated Press. STATS LLC and The Associated Press contributed to this article. Any commercial use or distribution without the express written consent of STATS LLC and The Associated Press is strictly prohibited.

Comments

More From CBS Chicago

Daily Weather Reports Delivered To You!SIGN UP NOW: Get daily weather reports every morning from meteorologist Steve Baskerville!
CBS Sports Radio RoundupGet your latest sports talk from across the country.

Listen Live