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re: Okay, About Ownership
Posted on 3/2/11 at 8:48 am to hellsu
Posted on 3/2/11 at 8:48 am to hellsu
quote:
George Shinn could have easily hauled arse after Katrina,sold out and took his money and ran but..... he didn't.
No, he couldn't have. Have you paid any attention to the NBA purchasing the team? The team had huge debts attached to it that needed to be resolved before any intelligent businessman would drop $300 million. Selling an NBA franchise isn't like selling a used car.
1
Posted on 3/2/11 at 9:23 am to Jester
quote:
The team had huge debts attached to it that needed to be resolved before any intelligent businessman would drop $300 million
assuming the debt payoff was included in the $300M, i don't really think it makes a difference
hell, buying the team with the debtload would mean he'd be directly involved in negotiating the debt down, so it may have been better to buy with the debt
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