Daily Newspaper and Travel Guide
for Pecos Country of West Texas
Wednesday, August 30, 2000
Pecos again sweeps Alpine, OHS
PECOS, Aug. 30, 2000 -- The Pecos Eagles did what they've become used
to doing this season against the Odessa High Bronchos, and then tried things
the other way around against the Alpine Bucks.
Either way, the results were still good for Pecos in Alpine on
Tuesday night, as they posted their second dual meet sweep of the season
over the Bucks and Bronchos.
The Eagles, who got off to fast starts before running into
some problems during their matches last weekend on the way to winning
the Pecos Cantaloupe Classic, jumped on OHS in their first game Tuesday by
a 15-6 score, then had to rally in Game 2 to defeat the Bronchos, 17-15.
Against Alpine, it was the Eagles who started slowly, falling
behind Alpine 12-7 in Game 1 before coming back for a 15-12 victory. Then in
the second game, the Eagles trailed by a 9-7 score before rolling off
seven straight points for a 14-7 lead, and then finishing things off a few
minutes later for their 13th victory in
15 matches this season.
"Once we finally got the momentum on our side we got it going," said
coach Veronica Valenzuela. "We ran out of substitutions when we played
Alpine, but we handled the situation pretty well."
In the win over Odessa High, the Bronchos were within 7-5 in the
second game when the Eagles scored eight of the final nine points to get the
victory. But in Game 2 the Eagles held 6-1 and 11-6 leads only to see the
Bronchos come back, getting to within game point twice at 14-13 and 15-14.
"Against OHS we did the same thing (as at the tournament), we
let up in the second game. For some reason our girls have trouble
staying up at times," Valenzuela said.
Alpine and Odessa High did sweep Pecos both in the junior varsity
and freshman matches on Tuesday. The JV fell to OHS 15-12, 9-15, 15-10, and
lost to Alpine, 15-10, 15-3.
Jones sues accountants over $4 million loss
DALLAS, Aug. 30, 2000 (AP) - Dallas Cowboys owner Jerry Jones is suing
Arthur Andersen, alleging that bad advice by the accounting giant cost him
more than $4 million in back taxes, penalties and interest.
"I paid a lot of money for their opinions," Jones told the Texas
Journal of The Wall Street Journal. "And I
want them to stand good for it."
Andersen denies the malpractice alleged by Jones in the lawsuit
filed in state district court. About two weeks ago, the Chicago-based
firm filed a counterclaim seeking about $100,000 in back fees that it
says Jones still owes the firm.
Jones said he doesn't owe any fees.
Jones hired Andersen to provide accounting and tax-advice
services in 1992, three years after he bought the team. Jones was trying to structure
a payment to himself from his own Texas Stadium Corp., which leases
the Cowboys' stadium from the city of Irving, so that he wouldn't have to
pay any federal income taxes on it.
Jones says Andersen advised him to have Texas Stadium make a
cash payment to the Dallas Cowboys Football Club to cover the
stadium's future obligations to provide game tickets to occupants of the
stadium's luxury suites.
Jones said he was relying on Andersen's opinion that, for
tax purposes, Texas Stadium could report the long-term leases of luxury suites
as sales to be paid in installments, rather than leases.
Texas Stadium's payment to the team for the luxury-suite
tickets effectively lowered Texas Stadium's profits for the year, allowing
Jones to take his cash distribution from Texas Stadium, believing it was
not subject to taxation.
But four years later, following an audit, the IRS told Jones that
Texas Stadium's deductions for the tickets were improper. Also, Texas
Stadium's payment to Jones was a taxable dividend. Jones eventually settled
with the IRS.
In court filings, Andersen says it only intended Texas Stadium to
rely on its advice, noting it didn't prepare the 1992 tax returns filed by
Jones and the team.
Andersen blames the team's former treasurer, Plano
accountant Jack Dixon, for not telling the firm that the other parties would
be preparing their own tax returns based on the advice.
York M. "Smokey" Briggs, Publisher
Division of Buckner News Alliance, Inc.
324 S. Cedar St., Pecos, TX 79772
Phone 915-445-5475, FAX 915-445-4321
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Copyright 2000 by Pecos Enterprise