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01-28-2013, 01:58 PM
The Underboss
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Typical business move to force the loan holder to refinance or adjust payments. If you watched American Chopper, Paul Sr. did the same things with OCC, defaulted to work out better loan terms and payments.

Originally Posted by lorwood View Post
"Wang hotel's loan faces 'imminent default'"

Just to be clear the debt will in all probability be restructured so the Marriott and Wangs ownership of the hotel will in all likelihood continue.

I don't think it's far fetched to assume this was a factor in the move to Brooklyn

Lets all hope that Wang does not view the Marriott and the Islanders as tied to the hip and decide the best use of increased revenue from the team should be used to prop up other struggling ventures he is part of including his continued involvement in the HUB.

On the other hand maybe this is a factor in a decision to sell the team.

Which is fine by me.

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