there is always ways to get things done... Don't have to think negatively. Sometimes you have to think outside the box
But he's not. Golden NuggetLandrys Inc is taking out the loan. He's getting paid $1.6b cash from the sell of the bonds. What would be the difference between someone selling off $1.6b worth of assets to buy the Rockets vs doing this.
That's not how media market size is determined. # of TV viewers is the main metric... which is influenced by large populated surrounding areas. Yes, the DFW metroplex has more TV viewers than Houston. Philadelphia-Southern NJ has more TV viewers than Houston. SF-Oakland-San Jose is a bigger media market than Houston. Houston is surrounded by... more Houston. Galveston/Conroe/Beaumont/Spring isn't going to raise the media market significantly.
I stated this guy is balls deep. Except in this same thread you said So which is it? Balls deep or no hes not? You contradict yourself. Besides you already stated Hedge your bets much? Not sure how this is good on any level? You posted an article saying moodys assigned it as 'outlook negative' then later you refer to it as an asset? How can it be an asset if its not going to happen? So we can disassociate shellman from it..next say its an asset when its not ...and 'its not really tillman its abc inc or landrys or my grandma.' Bottom line hp if this bonds shenanigans doesnt go through is the sale still going to happen? Oops I guess Tillman IS relying on credit as you also stated? Cmon man. This is not a concern folks?
None of that isolation of my quotes matters. The Moody article is clear. The company is taking out the bonds. And from the proceeds of the sell, "the ownership is given a dividend payment of $1.6B". Tilman is the owner who is getting paid cash as a dividend for ownership of that asset. He is personally not going balls deep in debt.
And the 'dividend' shellman is getting is based ON CREDIT. Bottom line - No credit.. No rockets. Right?
Nah, he's just choosing not to sell off his business is all, imo. The company won't be able to sell all those bonds if there isn't real value behind them. I view it as he is cashing in on his main asset, his business, but he doesn't want to entirely just sell it off. So, he's doing bonds instead, with the plan to maintain his ownership position by paying off the loan through Landry's business operations, which could actually get a significant boost if he can open in China now. It's a shell game if you actually think Golden Nugget / Landry isn't worth anything....and I'm not sure where you come to that conclusion. I mean, you do agree his net worth is $3B. That's mainly the value of his businesses and some other personal assets, no different that other billionaires having worth in Land or Stocks or Business.
The red flag is using that 'asset' to gain more credit. 1.4 billion more if Im following....Right? I think your suggestion is that when the deal falls through moneybags tillman will pull it from his coffers? He's good for it from another pocket ya think? Sure a casino, restaurant group has some asset but I question still what is really just more loans? Thats why I call him shellman. At the end of that rainbow I suspect is a value and true asset number.. i wonder what it is ?and we will never know. I suspect less than advertised. 0? I dont think so.im not saying that. If tillman can afford it then go for it.. but on the outsiders view getting loans from les alexander for 275 mill and bonds for 1.5 billlion that you are saying mooodys is saying ' outlook negative' has me raising a bit of an eyebrow here.call me crazy. It feels like credit gymnastics and would prefer an owner that can afford it. Im not sure why thats such a bad thing to say? I think we can all agree an owner in over his head is probably not a good thing? Lets hope im wrong
By the end of next week for real or in the Burt Steele sense? Tillman is taking way long to close this transaction.
blah, blah, wall of text on Tilman..... 2 questions: 1) Will Tilman pay the LT for a contending team? 2) Will Tilman empower (not get in the way) Morey to do his job? Bottom line for me.