Finnish your Czech
J'aime Les offres hostiles
It's a fund set up for any team. I don't think you've been following the media with all of the Sens money troubles
Melnyk himself complained of not being able to access these funds publically when it was only available in the USA.
Business is complicated net worth is not liquid assets or cash on hand. If he doesn't have 4 million on hand then you need to liquidate positions you have. When you sell assets in the millions it costs tax. It's cheaper to borrow money from league set up funds and try to find ways to write off the interest.You borrow the money hoping to make money which he does after the first round of the playoffs according to him.
Why would Melnyk have to borrow 4 million dollars as a result of MacArthur being uninsured? He's not paying any extra money other than the cost of the replacement AHL player, which would be like 900K at best.