These people don't need to have the total purchase price in cash. Like most entity purchase transactions, I'm sure they'll allow financing. If we assume the $2.3Billion valuation is correct; 20% down would be $460million. Saw the article that said they require one owner to have at least 30% majority ownership or $138million. He'd need others to join in but I think he could liquidate and find $138million lying around. It's not as absurd as some of you make it seem

ETA: ALL THIS SHITE WRONG NVM

This post was edited on 12/17/17 at 11:12 pm

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Posted by iamAG

Member since Aug 2015

3517 posts

Posted on 12/17/17 at 10:44 pm to Sterling Archer

Did you read the part where you can’t finance over 150 million? The guy can’t afford it without help. He could afford the 30 percent ownership, but would need many partners.

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Posted by Jcorye1

Tom Brady = GoAT

Member since Dec 2007

71681 posts

Posted on 12/17/17 at 11:11 pm to Sterling Archer

quote:
These people don't need to have the total purchase price in cash. Like most entity purchase transactions, I'm sure they'll allow financing. If we assume the $2.3Billion valuation is correct; 20% down would be $460million. Saw the article that said they require one owner to have at least 30% majority ownership or $138million. He'd need others to join in but I think he could liquidate and find $138million lying around. It's not as absurd as some of you make it seem

I would be blown away if they allowed some sort of major financing deal for an NFL team. You have to be pretty damn liquid because salaries have to come from somewhere.

This post was edited on 12/17/17 at 11:12 pm

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