Part VIII: Phoenix Coyotes Post-bankruptcy
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06-07-2010, 03:37 PM
Join Date: May 2010
Originally Posted by
Getting a buyer before June 30th eliminates the possibility, or greatly reduces the chances the $25 million in escrow gets touched.
There seems little chance of finalizing a buyer prior to June 30, especially since they have now signed an exclusivity agreement with one of the bidders that would extend until August.
Besides, Art Lynch indicated that in any case the new owner would "replenish" the escrow account, so why worry about touching the escrow account?
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