Quote:
Originally Posted by Mr.Coffee
Strikes me as odd that the NHL won't call the GI's bluff and consummate the transaction if they're "so certain" and have "had 3 law firms" vet the legality of the transaction.
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If Bettman is so certain the bonds are a good/safe/legal investment, why doesn't he buy the bonds? Or some of the savy NHL owners? Heck, why doesn't the NHL buy the bonds, and then after GWI doesn't sue (or sues and loses) the NHL can re-sell the bonds on the secondary market at a premium.
The NHL would be turning their $170 million "asset" into $70 million of cash and $100 million of bonds, then making a few million more on those bonds when they flip them next year.