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05-18-2009, 08:06 PM
  #22
Fugu
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Quote:
Originally Posted by LadyStanley View Post
http://www.bizjournals.com/phoenix/s...18/daily7.html

Moyes arguing that a loan does not control take.

Quote:
Originally Posted by kdb209 View Post
Another bizjournals piece that I don't think has been posted here yet.

http://www.bizjournals.com/phoenix/s...1/daily73.html
Perhaps this is oversimplification, but the NHL has loaned Moyes ~$30 million, and now claims that they can dispense with the asset as they see fit. Moyes has invested/spent/lost some $300 million and hopes to get ~30 cents on the dollar back with JB's offer. The NHL/Reinsdorf deal would give him 9 cents on the dollar back....

I guess I see a huge gulf between a $30 million loan and, in essence, ownership of a franchise that has - by virtue of two offers - a far greater value (one of which is $100 million greater than the other).

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