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Posted: Tue Jun 19, 2007 12:50 pm
by bilyeuofbaxter
Local group raises equity
The local Nashville group's goal is to raise $110 million to $125 million in equity in the event Balsillie's deal falls through. If that goal is reached, the group could attempt to borrow the remaining amount needed to buy the team.
Source: The Tennessean
Posted: Tue Jun 19, 2007 1:06 pm
by Oompa Midgets
only 100 more to go...
and i thought they really had something
Posted: Tue Jun 19, 2007 1:28 pm
by Jonathan S.
$100? More like $130 million.
Posted: Tue Jun 19, 2007 1:32 pm
by Jonathan S.
That is, if you take the less conservative figure of $110 million.
Posted: Tue Jun 19, 2007 1:34 pm
by Oompa Midgets
if they have already raised 25 million then that leaves 85-100...goober
Posted: Tue Jun 19, 2007 1:46 pm
by Jonathan S.
I don't think they've raised $25 million, goober.
Posted: Tue Jun 19, 2007 1:55 pm
by Oompa Midgets
that was based on what you posted earlier today!
have you already forgotten what you posted???
Posted: Tue Jun 19, 2007 2:03 pm
by Jonathan S.
Let me re-state. I was confused by your logic.
Between the two, they have $25 million in equity. They hope to raise $110 in equity, THAT WOULD INCLUDE THE $25 Million BECAUSE IT ISN'T ADDITIONAL EQUITY; so, if they get to $110 million, they would need $130 more. Because reports are that the offer is around $240 million for both the team and Powers Managerment. Understand?
Also, the deal doesn't have to fall through. It's a non-binding/non-exclusive agreement to buy/sell the team. Anyone can make Leopold an offer at this point.
Posted: Tue Jun 19, 2007 2:12 pm
by Oompa Midgets
?????
he has already signed the letter of intent to sell!
do you mean who could back out?
i understand completely, you were the one confused!
Posted: Tue Jun 19, 2007 2:27 pm
by Jonathan S.
Once again, I was confused by your logic. It made my head hurt.
No, you seemed to want to add $25 million to the amount they hope to raise. If they hoped to raise $135 million to $160 million, then it would have said so. But nevermind.
It's a NON-BINDING agreement from what was reported yesterday; therefore, either the carpetbagger or the traitor could back out. Or, others (maybe a group from K.C.) could step up and make an offer because it's NOT exclusively offered to the carpetbagger.
Understand?