Phoenix LXXII: Send in the Clowns
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02-15-2013, 06:33 PM
Originally Posted by
The new owners hypothetically say you can have it as cash or we assume your -$200 MM debt.
Right. I'm just suggesting that there is often a very large practical difference between taking on someone else's existing debt, and convincing someone to give you the same size pile of money and create new debt, even if it just replaces old debt.
IMO in the vast majority of cases it is extremely misleading to say something sold for "$X" when all that really happened is the old owner mailed in the keys and the new owner opened the envelope.