tim1_2 wrote:PTFlea wrote:tim1_2 wrote:PTFlea wrote:
The question is likely, are you buying Melnyk's debt too and if so, that should be lowered from the cost of sale, but he's probably not allowing it.
You 100% would be taking on the Ottawa Senators' debt when you buy the Ottawa Senators, and this will of course be factored into the sale price. I wouldn't be surprised if the Sens debt was $200M+ at this point. We do know that they just refinanced $130M of debt, but I'm fairly confident that wasn't all of it..
Is that his debt or the team's debt? If it's the team's debt, yes of course it gets lowered from the cost - and thus, we're at a standstill because he's the one that holds the cards right now.
It's the team's debt.
Ugh, he's never gonna sell then, he'll just keep refinancing over and over again.