: News Article:
New Arena deal agreed to by city and Katz group:mod warning #616
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05-13-2013, 05:41 PM
Join Date: Jan 2009
Location: Ft. McMurray Ab
Originally Posted by
I bet you his line of credit could handle it... considering his net worth is what? Over *pinky finger to mouth* 1 Billion dollars?
Yeah, but don't you realize that most of that is assets and not cash? All the real estate he owns, Rexall Pharmacies, the Oilers etc. All that adds up to be pretty much all what he's worth. That's what people don't understand. If he puts all his eggs in the arena basket, and the dollar goes the way of the 90's then, he's screwed. Just like every other single businessperson on the planet, he's looking out for his interests.
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