Phoenix bankruptcy/ownership Part XVI: Barbarian at the Gate
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09-02-2009, 12:23 PM
Join Date: Jan 2005
Originally Posted by
NHL changing their offer, will give 100% of net relo profit to the estate if team is moved via NHL bid.
Very big change.
Not at all. They'll structure any relo deal to be a relocation fee equal to any amount above $140 million, so the Net Profit will be $0.
I can't see the court placing a lot of value in hypothetical future events that may yield more money for the estate.
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