Phoenix XL - Rich Man's World
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10-29-2011, 05:54 PM
Originally Posted by
The NHL would likely be receiving extremely favorable terms from
in carrying their LOC so that end of the equations likely minimal.
Your quite correct of course in terming it a "shell game", a game practiced by countless millions everyday of the week, albeit on a smaller scale. I have every confidence in GB's ability to not only break even on this adventure but quite possibly turning a profit when all is said & done.
It's a large sum of money, and thus hardly insignificant, especially if one considers that perhaps it was avoidable (but that's neither here nor there). Furthermore, why would BA give them extremely favorable terms? BA is in the lending business to make money, not to provide favors. It may be favorable in a relative sense if they have a good rating (which I imagine they do).