Even for you this is a ridiculous post.
Andlauer has minority partners that own at least 45% of the team meaning he didn’t pump the 950M in himself. How much of his share was financed is unknown although we know he received 250M from his Habs holdings. It’s likely he financed a portion because that makes much more financial sense that an outright cash purchase. We also don’t know how the partnership is structured but it’s likely that there will not be cash calls.
Creecher
950 M sale.. he owns 55%????
Where numbers like Malhotra 100 M, York 100 M.. and say other 100 M.. not bandied about over the last few months???
that is 300 M.. Leaving Andlauer at 650 M.. He unloaded the Canadians at 250 M.. Have you ever sold a home.. There are fees.. there are agencies that handle sales, bank fees, accountant fees.. a cool 4-5% if not higher.
can you be sure the Canadians do not have debts? if so, was he expected to pony up his 10%?
he may have cleared 225 M
So, 650-225 = 425 M
What do you think? he had 425 M sitting in a bank??? How many guys do?
How do you think large projects are handled? It is called financing..Banks, lending institutions.. Funds, Hedge funds, etc.. all want their money back and with interest.
So, yea.. Michael may have 400-450 M in debt.
Which he assumed.. FYOUS or a Penguins/Tampa/Chicago scenario of TYOUS (Ten years of unprecedented success).. i.e. a shit load of playoff games and a packed arena for 10 plus years.
A playoff game in Toronto is 4-5 M. In Ottawa, it is probably 3-4 M.. Play 4-8 a year for 10 years.. 12-32 M a year. For 10 years, that is 120-320 M.. Lo and Behold, you payed off a large portion of your debt.
It is what the Euge was counting on. But his world collapsed after 2007, because they played less than 30 playoff games the next 15 years.
And a team destined for the playoffs, will pack the place all season.. One that does not, sees a few thousand empty seats and that compounds the problem.
So yes, I believe Michael A has 400-450 M in debt. I believe that is 30 M in yearly payment. and I believe that he will add 20-25 M this year if things continue as they are.
And Old Michael will morph into Eugene real soon.. if FYOUS or TYOUS does not materialize.. And real f***ing quick.