Katz would NOT like the Seattle deal since he would share all the downside risk with Hansen with no government backstop and no tax breaks. And b) he would be the junior partner with probably a less than favorable stake in other arena revenue generating activities than he'd have in Edmonton.
Worse case scenario for Katz is he raises capital by selling some equity in the Oilers to make up the difference in funding if the corporate financing/government subsidy route doesn't work out.
He's got a sweet heart deal in Edmonton and just seeing how much farther people will bend.
Last edited by seattleflamer; 09-24-2012 at 11:52 PM.
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