Sports

Seahawks’ Super Bowl Win Costs Houston Businessman $7 Million

Gallery Furniture Owner Was Convinced Seattle Would Never Win The Big Game
Outside linebacker and Super Bowl MVP Malcolm Smith of the Seattle Seahawks holds the Vince Lombardi Trophy following victory over the Denver Broncos in Super Bowl 48 at MetLife Stadium in East Rutherford, N.J., on Feb. 2, 2014.  (TIMOTHY A. CLARY/AFP/Getty Images)

Outside linebacker and Super Bowl MVP Malcolm Smith of the Seattle Seahawks holds the Vince Lombardi Trophy following victory over the Denver Broncos in Super Bowl 48 at MetLife Stadium in East Rutherford, N.J., on Feb. 2, 2014. (TIMOTHY A. CLARY/AFP/Getty Images)

HOUSTON (CBSNewYork/AP) — Talk about one of your all-time backfires.

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.

(TM and © Copyright 2014 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2014 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

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