View Single Post
Old
07-30-2012, 12:21 PM
  #356
jfb392
Registered User
 
Join Date: Jul 2010
Country: Canada
Posts: 8,121
vCash: 500
Quote:
Originally Posted by Jim Bob View Post
http://prohockeytalk.nbcsports.com/2...short-of-goal/

There is a report that Jamison is $20M short and the NHL refuses to lower the asking price.
..which could possibly mean that he's actually $105m short ($20m short of sale price, $85m short of the 50% of sale price for solvency purposes requirement), which should just fill everyone with confidence.

I mean, if a buyer can barely find the cash to buy the team, how will he be able to sustain regular $40m/yr losses?
Oh right, the market will magically work even though it has a terrible history and everyone who has evaluated it has passed it up unless they're getting paid to take it on.

jfb392 is offline