Phoenix LXVII; Route66 - Aftermath
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12-21-2012, 07:26 AM
Join Date: Feb 2008
Originally Posted by
This was brought up in the Phoenix forum, but there is a requirement that COG gets paid for each game lost under the lockout while GJ is owner, so he might just be waiting until the last moment to buy the team.
Express condition makes it certain sale will go forward...does not make him the owner, it does give certainty.
Akin to a house, you sign a K with financing condition; theres an implied condition that you seek a mortgage and make good faith efforts; if able to, you close or give up deposits for liquidated damages,or face other breach remedies.
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