Tilman ain't going to sell the team because Clutchfans wants him to and because they watch Ancient Aliens or CNBC If you are the same people who think he bought it for ego, than you know he wouldn't sell it cause of ego. "he has to pay his loans for the Rockets" well yes, guess who owns the loan? Les Alexander Les was in the student loan business he can wait it out for Tilman to pay up and collect $$$$ in interest I mean do you idiots know how Les Alexander got rich in the first place? Les, Unless he thinks he's going to die and would rather have all that money to satisfy his greed I suggest you research Les because you start licking his ass Tilman being cheap and being an ******* doesn't make Les Alexander the poster boy for great owners
When Tilman sells the team, will he be proud of never paying the Luxury Tax while he had stars in their primes during his entire tenure?
Imagine sometime in mid November: breaking news Tilman has agreed to sell Houston rockets to a group of investors for 1.5 billion. I highly doubt after the economic crash it’ll sell for 2 billion again.
Someone will pay 2 billion because sports teams don't come on the market often, and the people who can afford 2 billion can still afford 2 billion.
He will never sell for less than 2 billion. He already said it. He refused an offer for $1 billion from someone to buy half interest in the team and he said he will never sell the team. He said he has "creative financing" already lined up if he needs to tap into equity
Tillman deciding to break out the plastic to keep his plates spinning, $250 m of debt for sale. Any takers here? Landry’s Inc., a restaurant and casino operator owned by Texas billionaire Tilman Fertitta, is looking to take out a $250 million secured term loan due October 2023.
Replace with term loan to improve cash flow, interest is all time low now. Still have to cut expenses, such as Gordon overpaid contract, coaches underachieved, managers underperformed..... why 6th seed is underachieved? Has traded out past 5 years picks and 11 future picks the next 7 years. nba income distribution is getting less, Gordon is overpaid 9 million dollars each year.
Well at this point it’s hoping Morey can outlast Tillman. If he fires Morey before he sells that’s damage we can’t come back from
I still believe that it’s 4 teams race for champs next decade 2121–2030 if Tilman sells the team. Clippers, Lakers, GSW, Rockets. it’s all about the city, it’s absolutely not about Tilman himself.
More pain for Tilman He aint gonna survive this guys https://www.bloomberg.com/amp/news/...s-first-u-s-leveraged-loan-in-almost-a-month?
Draw down 300 million credit line, scary. Now he can only afford 98 mil team minimum salary. dump Covington, Tucker and Gordon. replace with undrafted players and 2 way players.
Being Australian I don't. But can you provide examples. I've heard both accounts. Yours & that this is just another Trump lie.
Take a look at other countries who faced a much higher potential risk of infection than the USA and see how much better they are doing then we are. A lot of people use South Korea and Taiwan as examples. But also look at India, which is a less advanced country than South Korea and Taiwan. India is right next door to China, have about 4 times the population of the USA, and over a 10x higher population density then the USA. However their deaths from the coronavirus right now is only in the low hundreds compared to over 10,000 for the USA. If Trump actually listened to doctors, scientists, the military, the intelligence agencies, and everyone else that try to warn him about the virus months ago, we could of contained it like lots of other countries. But no he decided to listen to the idiots on Fox News who kiss his butt or idiot family members.
15% note over a 3 year period? If he makes no payments until the end, that's $130 million to borrow $250 million! Again that's just for a 3 year note?!?! That's Payday Loan/Check Into Cash rate...
He’s done. That is an unbelievably desperate act for him, and it speaks volumes about his lack of cash flow.
15% is not likely to be safe. Tilman would give all money to his son first. He could refuse to file charter 7, but charter 11. 15% compound interest = interest on interest = 4.8 year to double the money. 15% is a huge mistake. Additionally, New line of credit is 300 million
