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Seattle win costs Houston furniture man $7 million

Seattle win costs Houston furniture man $7 million

Seattle Seahawks fans celebrate after the NFL Super Bowl XLVIII football game against the Denver Broncos Sunday, Feb. 2, 2014, in East Rutherford, N.J. The Seahawks won 43-8. Photo: Associated Press, KPUG/AP Photo/Matt York

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.

The Seahawks 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 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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