And if a minority partner doesn't have any pull (as they usually don't have much) Melynk can put all that extra money into his own pocket and still cry poor.
There is absolutely no reason whatsoever for someone to come in as a minority partner...unless they simply like giving away money. Only way a smart person would come in, is by having a majority stake in the team. You need to wrestle control away from Melynk, otherwise any cash infusion is worthless.
*shrug* Could be part of whatever the agreement is that the partner's contributions go to hockey ops. Like an agreement written up that $x is spent, where x is some percent of the cap, and Melnyk puts in (0.501)x and the partner adds (0.499)x, and Melnyk agrees to shut up. I broke it down in a post in this thread yesterday.
I'm trying to reconcile rumours, contracts and previous statements.
- A minority partner allows Uncle Euge to say he still "owns" the team, which he said he's never sell.
- A cash infusion allows for the stability promised by the "insiders" already in this thread.
- An agreement as above also allows for an end to the instability that I'm sure the rest of RLG is actually losing sleep over.
- An owner (group?) in flux provides a reason for this offseason so far, besides the team management being buffoons.
You're right that just buying in with no strings likely ends up just putting money in Melnyk's bank account.
And of course I'll end all of this as usual by stating that I know nothing of business, which might have been obvious already.