Ownership Cluster**** Thread: NHL and GJ, Put Up or Shut Up!
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09-27-2012, 09:32 PM
Join Date: May 2010
Originally Posted by
Bond and credit rating depends on a Jobbing.com tenant.
Is it really that straightforward? Wouldn't bond and credit raters consider the totality of the financial situation? Who's to say that they wouldn't prefer Glendale's financial situation with a $5 million per year AMF for professional arena management vs. $15-20 million per year for the Coyotes as tenant. An anchor tenant is really only a financial advantage if they generate more revenue for Glendale than it costs Glendale to keep the tenant. I am not sure that objective external observers would be convinced that this would be the case.
In any case, I was just wondering whether the question about the assumption on debt restructuring has been asked and answered by Skeete or anyone else at the COG, or whether it was an unconfirmed assumption.
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