Quote:
Originally Posted by getbak
The site that Meruelo owns is SaharaBets. It launched in January 2022 and they still haven't cracked $100,000 in gross receipts in any month since launch.
They're not offsetting any losses from the Coyotes with their gambling operations.
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It's pretty obvious that this is not what Meruelo planned, or he would never have applied for a licence contingent on operating a professional sports franchise.
A sensible person would write the whole thing off as a loss and sell the franchise, but I think the tax authorities in Glendale can confirm that Meruelo is not a sensible person. There's no telling how far he may go before giving up.