The furniture entrepreneur from Texas is hedging against a big promotion he’s holding at his store in Houston with a multi-million-dollar wager that could pay out $10.5 million.
. But there was a problem: he was 150 miles away in Houston and the freeway was backed up for five hours.
Customers have until tipoff between Kansas and the University of North Carolina on Monday night to buy and take possession of the furniture. McIngvale says they already sold $10 million worth by Saturday, so he’s expecting to sell between $12 million and $14 million before the championship game. For Three: Christian Braun of the Kansas Jayhawks sunk a crucial three-pointer against Villanova. Kansas is No. 1 seed and will play the University of North Carolina for the championship.Texas runs through McIngvale’s blood, so his promotion started three weeks ago with the University of Houston. They made it to the Elite Eight but lost to Villanova 50-44.
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