Masked
(Super/star)
Agreed. Many effed up deals that will leave a mark.
I was approached to join the local investor group and was seriously considering it. But my partner and I both agreed that there will be cash calls. A 5M investment is not the scary part. But if this team loses $10-15M a year, what percentage am I paying? I am not shelling out $50-75K a year, hell no. Just got out of one effed up deal that cost ten times that.
I wouldn't be worried about the cash calls because the team is losing money. I'd be worried about cash calls because the controlling owner wants to increase his stake in the franchise. I think it was Vancouver that that happened. Billionaires don't get to be billionaires by not knowing how to use their financial leverage to their advantage.
Assen na yo!