Quote:
Originally Posted by dustygoon
That's my point. That original agreement with Muruelo. It has to have provisions for league to recoup through any gains on sale. No way they would let Muruelo walk away with gains while league and owners wear all of the accumulated losses from supporting this mess.
There is an article in Nevada paper of all places saying he gets his money back but no more. I doubt his original purchase price was $1b as stated. It was probably some cash outlay like $700mm plus showing some funding to back a reserve to absorb foreseeable losses.
https://nevadasportsnet.com/news/rep...-arena-project |
Forbes reported the purchase price in 2019 at $300 million. I'm pretty sure he will make a lot of money off of this sale, he's not going to go quietly otherwise.
https://www.forbes.com/sites/mikeoza...h=6f373d015fb3