harrisb
Registered User
- Oct 6, 2009
- 2,217
- 952
Remove or reduce the debt as the asset payed for it in the first 10 years or so, are we still in the same financial situation without the debt load that nobody knows where it went? It didn’t go back in to the team that I’m fairly certain we can agree onNo. I used $100k because it's an easy number. I also left the arena out of my example on purpose. It is separate. They were two separate purchases. They are separate businesses.
There's no need to be petulant or make attempts at condescension. Please continue to lecture me more about accounting. Lol, I'm married to a CPA.
All of the value that folks think the teams has is really only potential value. It only has value if EM wishes to borrow against it or if he decides to sell the team. That Forbes article isn't saying that he has $420M in his pocket.
People are eventually going to have to accept that this is a small market and its ability to support a major sports franchise is tenuous. The team's year to year profitability is suspect. The team DOES appreciate in value every year but its operating costs are greatly dependent on US dollar conversions and playoff revenues.
I mean really, is that even a debate?
Examples of things that have affected Euge’s wealth and may be suspects for where the financing money went include divorce, SEC, failed pharma startups, being removed from BoD for all public traded companies and all of these happened and are also not up for debate.
Last edited: