: News Article:
AEG, including Kings. for sale
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09-19-2012, 12:19 AM
Join Date: Oct 2008
Originally Posted by
Little Bunny Foo Foo
Also in the news: Dole sells for 1.7 billion. Since interest rates are so low, money is cheap right now. They pay 3% interest on something that easily generated double digit profits.
This is a major dick move on AEG's part.
Since they are selling the entire subsidiary as a package deal, the Kings are going to be the ugly duckling in the pond the giant investment firm just bought.
Look at all of those entities that my homeboy Ziggy posted. Who do you think runs thinner profit margins than the Kings?
Out of the sports teams? You'd be surprised..Gals reportedly lost money last year as well....according to Tim. (not counting the Lakers as they are a minority owner)
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