Part VIII: Phoenix Coyotes Post-bankruptcy
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06-07-2010, 02:29 PM
Join Date: Jan 2010
Location: Delta, BC
Originally Posted by
I'm very interested in finding out just how much of their own money these guys have, but it doesn't seem like anyone wants you to question the supposed wealth of the Ice Edge guys. Even if they have found some rich guys to play with, the question isn't whether they have some guys with net worths of $100 million +, it's how much are these so-called hundred-millionaires willing to put into the team? Unless they're majority investors, it means very little. If a guy with $7 billion in net worth invests $500k in the Coyotes, that does little to help their financial situation, it just gives them a whole $500k more than they would have otherwise had.
Do they have the money? No one knows.
Is it possible they have the money? Based on the private equity dealings many of them seem to have spent their lives in, absolutely possible.
Will they spend this money to subsidize losses...?
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