Phoenix LXXII: Send in the Clowns
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02-27-2013, 12:14 PM
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Join Date: Nov 2010
Originally Posted by
This was a point that I think was too often neglected in discussions about Jamison's bid - he wasn't putting in the money, so it all depended on who he would work for, and on what terms. That's why it always puzzled me that
Glendale didn't get more active in forcing Jamison to reveal who the "owner" would be. If they had that information, perhaps they could have cut a deal without Jamison's involvement.
It's a lot to ask investors to give up a 25% stake in an overpriced and money-losing asset when you have to pay the freight.
I was just discussing this last night with a friend. Maybe that's why GJ didn't want to say who the investors were just in case the CoG wanted to negotiate behind his back and cut him out of the deal.
I'm not surprised by that revalation and the 25% but it would seem that they'd be able to put another deal together quickly if they were that close.
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