Why not? I wished for Godzilla when I was little (I thought prayers were wishes and you got three and Santa brought them on Christmas).
All of the dude’s assets are in venues that require lots of people to show up. He’s screwed... and will only be saved by social distancing ending sooner than later... which is a big ????? right now. that said if he can do great negotiating with existing lenders and landlords to abstain from payments for as long as possible, then the $650 million of capital he will have raised (including his $50 and the earlier $300)... and just furloughs/fire 90% plus of his labor... he should be able to run dark for a while And eventually reopen and if you underwrite huge first 12 months post reopening (people just wanting to get out but less money and exhausted so who knows how the emergence will look???) then he’ll be “ok”
That’s a good thing and also our problem. Harden and Westbrook make way too much $$$. With the salary cap situation not like we can just sign players. We lost most of our Trade Exceptions. We lost Ryno/Knight/Shumpert contracts. Tucker is only getting older. We really can’t improve the roster much cuz of the last two years. We have 1 first round pick over next 4 years. Our window is pretty much closed. We will be competitive for years but everyone else keeps getting better and we got consistently worse every offseason Tillman has been the owner. So we have to resort to trading Gordon who has consistently been one of our best players last few years.
HOLY MOTHER CRAP. Dude is in the 9th inning, down 20 runs, strike 2...I mean...15% ??? That's not even Junk Bond statue, that's Chapter 7 and Chapter11 status. HOLY FUUUUUUUUUUUUUUUUDGE. We're screwed. OMG. WE'RE FUDGED. How the hell did the NBA allow this BROKE AF MOFO to buy the team for $2 billion using only $200 millions of his own money???? "Based on initial discussions with investors, the loan is being offered at a spread of 14 percentage points over the benchmark London interbank offered rate and at a discount of about 96 cents on the dollar, the people said. That puts the all-in yield above 15%. The spread is the highest ever seen in the U.S. leveraged loan market excluding companies in bankruptcy, according to data compiled by Bloomberg. The Landry’s loan is similar to a junk bond in that it may not be repaid for two years, the people said. It will be on an equal footing to Golden Nugget’s existing term loan but has a first-priority claim on some online gaming assets, one of the people said."
30 years Treasury paying 1%....3 years Tilman note paying 15% ....I mean...that tells the entire story.. Next up, Creative Financing from the Chicago and Philly Mob.
Idk why all the bashing. it’s not just him but any business owner that’s in the retail, restaurant, hotel/casino business are seriously hurting. it’s nothing about being a real billionaire or not
it's about him being a fake billionaire and highly leveraged, in debt and ready to file for Bankruptucy if "creative financing" doesn't save him, aka the Chicago and Philly Mob asking for equity interest of the team or 30% interest rate. Rockets are screwed because he won't be able to make the payroll and he'll blame Morey for "I don't understand how we didn't go over LTS...I need to talk to Morey about this. I instructed Morey to go over LTS and do whatever it take to RUN IT BACK as my brown nose TURD BROWN said"
Legit can't find anything? Want to link me something. Honestly think you're just making it up at this point.
I'm not making it up I heard it on CNN. I dont have a link. Ask around here. Somebody else said it was 16 days but I distinctly heard 10 days.
Okay are we talking about the same thing? You said CNN / NY times called Trump a racist after the China travel ban? Whats the 16 days -10 days thing?
He banned flights coming in from China 10 days after the COVID-19 started. Another poster said 16 days. Anyways CNN called this policy racist.
