re: Spinosa Debt Refinanced = Saban to UT?

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2. No one, and I mean NO ONE, with a lick of business sense got rich by throwing millions upon millions of dollars away, or buying something frivolous that costs that much. Paying that kind of money, whether it was one booster or multiple boosters, does not sound like an investment. That's a very big gamble. Even bigger than Texas-sized. Especially if they are not getting a return, just the program

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Dude, do the effing math.

CNS is a very rich man, but the kind of person who can buy this debt is a very WEALTHY man.

There's a difference.

The wealthy man can wait for a long time for the investment to bear fruit. A 62 year old man with another 5-10 years of prime income earning potential who already pays a lot of money towards interest only on a debt can't afford to see that investment through to fruition.