Part VIII: Phoenix Coyotes Post-bankruptcy
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06-07-2010, 03:43 PM
Join Date: Mar 2009
Location: Cave Creek, AZ
Originally Posted by
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?
Why "touch it" if you don't need to? This deal is already complicated enough, so if you can eliminate one of the steps, you do it.
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