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Old 06-22-2015, 12:52 PM   #452
automaton 3
First Line Centre
 
Join Date: Oct 2004
Location: Lethbridge
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With Barroway pulling out, the only guy with deep pockets has exited stage left. (note: what effect will this have on the CRA issues that was part of the rationale of finding a US majority owner?).

The current ownership group appears to be highly leveraged, with the money primarily fronted by the NHL and Fortress.

The NHL credit line is apparently supposed to be capped at 50% of the team's value - who knows where IA is on that line but they are probably well into it from the purchase alone.

Unless the NHL is willing to further backstop the team indefinitely, the current owners dig into their own pockets or a white knight finally appears after years of searching, it is has to be getting close to game over regardless of the CoG and lease issues.
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