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01-25-2013, 12:28 PM
Gump Hasek
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Originally Posted by CasualFan View Post
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
It is an awfully big bite, but if someone like an MSD Capital (for example) can be convinced to lend the money (at a preferable rate to the lender), the risk on that loan to the financier is probably a bit less given that a civic government is theoretically underwriting a portion of the business risk and given that revenue sharing payments could increase with the additional new revenue share welfare funds that came out of the new CBA. That thumbnail risk assessment excludes the possibility of a future civic default of course.

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