Zorf
Apparently I'm entitled?
- Jan 4, 2008
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Is this sort of like re-mortgaging your house?
Is this sort of like re-mortgaging your house?
what is that feeling based on?I have a feeling this is what kept Melnyk from selling this month.
So what you're saying is that...A "senior term debt" takes precedence over almost all other debt in the case of any financial trouble.
It also almost guarantees collateral on the part of the person seeking the loan, and almost always involves a lien.
Basically - whoever just loaned Eugene the money gets first dibs on the franchise assets should the Sens fail to pay the loans.
So what you're saying is that...
If we financially boycott the team...
why would that level of debt have caused an issue selling the team?The timeline.
It could have been what Melnyk needed to hold onto the team. He might have been interested in selling if he wasn't able to secure financing.why would that level of debt have caused an issue selling the team?
why would that level of debt have caused an issue selling the team?
Let's say hypothetically that Eugene was being pressured to sell, could taking out a loan for even more debt be a way to dig his heels in and ensure it's such an unattractive asset that there couldn't possibly be other buyers?
It's (hypothetically) possible that the old debt that was attached to the team was risky in some way, and the new debt that buys out the old one has more secure terms.
I mean... speaking hypothetically, of course. If that hypothetical scenario were ever based in reality.
I don't see how making it less attractive to buy is in his favour. It's not like the NHL is planning on stepping in. Definitely could be a desperate attempt to hold on to the team though... Or it's a standard debt refinancing? I don't think anyone can really say for sure right now.Let's say hypothetically that Eugene was being pressured to sell, could taking out a loan for even more debt be a way to dig his heels in and ensure it's such an unattractive asset that there couldn't possibly be other buyers?
It could have been what Melnyk needed to hold onto the team. He might have been interested in selling if he wasn't able to secure financing.
It's (hypothetically) possible that the old debt that was attached to the team was risky in some way, and the new debt that buys out the old one has more secure terms.
I mean... speaking hypothetically, of course. If that hypothetical scenario were ever based in reality.