Phoenix LXXII: Send in the Clowns
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02-27-2013, 01:11 PM
Join Date: Feb 2010
Originally Posted by
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.
Ya, I dont think that was ever a possibility, not unless whoever these mystery investors were decided to go rogue. Jamison had non-disclosures which these guys wouldve had to have signed off on in order to see his prospectus that included clauses absolutely forbidding whomever from trying an end-run and dealing directly with the "source", as in the COG. There are countless cases where ND's are breached and such attempts made, some successfully. We had the case here in Vancouver between the Aquilini's vs Gaglardi and another partner, the latter two cut out of negotiations with John McCaw. The case of Michael Reinsdorf who had partnered with a company I believe called West Coast Arena (or something like) Corp in dealing with a municipality to build a 10,000+ seat venue in California, Michael then purportedly cutting out WC & going direct. Wound up in court, no idea what the disposition is on that one.
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