Quote:
Originally Posted by White Out 403
I don't have the accounting history of NHL owners and I think it's really weird that you would think that I would
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It's not weird that I think you should back up what you claim - that NHL owners can use their shares as collateral to "get richer".
I doubt it's ever happened. Why? Because I suspect that the NHL doesn't allow shares in a team to be used as collateral and/or no lender in their right mind would take NHL team shares as collateral. The NHL controls who can own a team. The only way a lender can use collateral like that is to have a receiver sell the shares. A share sale is valueless if the league won't permit the underlying franchise to be sold to the highest bidder.