Phoenix bankruptcy/ownership Part XVIII: Is that a pale horse in the distance?
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09-10-2009, 09:40 PM
Join Date: Nov 2005
Originally Posted by
Call of the loonie
To anyone following this situation closely -
Why doesn't the NHL just tack an extra 40M onto their bid and get this thing over with? I know it is a lot of money but it would surely give the Judge the escape clause he's been looking for.
Also, 40M might be close to what they end up spending this year if this thing doesn't get resolved soon.
Cause of this:
JUdge to NHL: is the worst case really that the bankrupt estate gets is $2 million out of the $140 million NHL says yes that's true
So even if they added $40 million, worse case scenario the estate could still only get $42 million.
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