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01-25-2013, 10:57 AM
Tortious Beadicus
Join Date: Nov 2009
Location: Bay Area, CA
Country: United States
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Originally Posted by Gump Hasek View Post
My suspicion however is that the NHL don't want to walk away from the COG subsidy if at all possible and will probably facilitate the financing of JEG's bid as a last resort - at arms length or otherwise, whatever it takes.
Putting up a $90MM-or-so unsecured revolver is an awfully big bite. Will the NHL facilitate that? Keep in mind "the NHL" is a set of 29 entities that are not proponents of losing money. But it certainly seems like there will need to be some critical decision making, and that right soon.

*This of course assumes that the tea leaves are accurate and JIG is short

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