Quote:
Originally Posted by Oil Stain
Katz lent Bassin $4.2 million dollars in 2011 which Basin was to use to keep the Otters going. He was to either sell the Otters to the Oilers or another owner and repay his loan by December of 2013.
He didn't live up to those obligations. Bassin At this point Katz is free to use any legal channels he wishes to seek repayment I would say.
What I think is that after Bassin landed McDavid in 2012 he decided to take advantage of the income generating potential for as long as possible, rather than repay his debts.
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You can apply any financial analysis to this you want. Edmonton is NO GOOD