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What if COVID-19 Forces Tilman to SELL The Rockets?

Discussion in 'Houston Rockets: Game Action & Roster Moves' started by BigggReddd, Mar 13, 2020.

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  1. RocketsFido

    RocketsFido Member

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    Maybe the only positive to come from Covid19.
     
    #41 RocketsFido, Mar 16, 2020
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  2. Tfor3

    Tfor3 Member

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    I get all that, especially the cash flow drop in most of his businesses.
    I'm just saying that his mostly illiquid assets still have very high (cash) value despite being difficult & lengthy to sell. I would even guess he has at least $100 million liquid cash (personal cash, not business cash). Just a hunch.
     
    #42 Tfor3, Mar 16, 2020
  3. Houstunna

    Houstunna The Most Unbiased Fan
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    .... we can all celebrate.
     
    #43 Houstunna, Mar 17, 2020
  4. Wulaw Horn

    Wulaw Horn Member

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    He’s about to be bringing in essential zero in revenue from all of his businesses and he’s leveraged up to his eyeballs. If this thing drags out into June or July he’s completely toast. Seriously- he will be insolvent.
     
    #44 Wulaw Horn, Mar 17, 2020
  5. pippendagimp

    pippendagimp Member

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    "You can take my restaurants, you can take my casinos, you can even take my choppers -- but you won't take my LTS!!"
     
    #45 pippendagimp, Mar 17, 2020
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  6. MD_in_Training

    MD_in_Training Member

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    Lol, who the hell keeps $100 mil in cash?
     
    #46 MD_in_Training, Mar 17, 2020
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  7. pippendagimp

    pippendagimp Member

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    #47 pippendagimp, Mar 17, 2020
  8. BigggReddd

    BigggReddd Member

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    You have an extremely hyperbolic perception on how the wealthy keep their money.
     
    #48 BigggReddd, Mar 17, 2020
  9. Tfor3

    Tfor3 Member

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    Someone worth 4-5 billion :rolleyes:

    That's only 2% of his net worth sitting in a money market account or similar.

    Anywhere from 80-100 million. Chump change.

    That's like someone with a $500k net worth having 10 grand in cash.

    I mentioned it was my hunch. If I'm wrong I bet he has 40-50 mill in cash sheltered from the market and separate from business assets.

    #relax
     
    #49 Tfor3, Mar 17, 2020
  10. Tfor3

    Tfor3 Member

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    It's not an outrageous amount for a multi billionaire to have.

    You seriously think a billionaire is not going to shelter significant assets from the market and from their business assets?

    Ok, right. My bad.

    He only has 250 grand in cash.
     
    #50 Tfor3, Mar 17, 2020
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  11. Tfor3

    Tfor3 Member

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    Doubtful imo.
     
    #51 Tfor3, Mar 18, 2020
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  12. Sweet Lou 4 2

    Sweet Lou 4 2 Contributing Member
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    If you got 3,000 people to each put in a million dollars, that should be enough. Or you could find a million people to put in $3,000.

    I would be in for $3K
     
    #52 Sweet Lou 4 2, Mar 18, 2020
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  13. BigggReddd

    BigggReddd Member

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    I can't believe you can't understand the significant difference between 250 grand and 100 million.
    Again, dude. 4-5 Billion is his NET worth. He's got absolutely nowhere near that in cash. He just bought Del Frisco's for 650 million (which I can guarantee he had to move assets in order to purchase) Landry's and his Casino businesses & the Rockets are easily worth 4 billion. Where's all that cash? What bank is insuring Tilman $100mil?
     
    #53 BigggReddd, Mar 18, 2020
  14. Tfor3

    Tfor3 Member

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    Multiple cash management accounts that spread funds among multiple banks providing more than $250k of FDIC ins in a single acct.. CDs held in multiple domestic and international banks (Swiss bank accounts). Precious metals, crypto, safe, under his mattress.

    He's got millions (liquid/semi liquid) at his disposal and he's not broke. That's my point.
     
    #54 Tfor3, Mar 18, 2020
    Last edited: Mar 18, 2020
  15. TilmanFinancialWindfall

    TilmanFinancialWindfall Member

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    Right on! Tilman be rich. So he needs to help out his hourly employee.

    Tilamn is worth $5 billion, he can afford to give $1 million to help his hourly employee at these tough economic time. His hourly employee could be homeless by now, but $1 million to Tilman is like 10 cents to us, because Tilman is RICH!!!
    HELP A BRUTHA OUT
     
    #55 TilmanFinancialWindfall, Mar 18, 2020
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  16. vcchlw

    vcchlw Contributing Member

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    With the benefit of hindsight, Les timed it perfectly when he sold the franchise.
     
    #56 vcchlw, Mar 18, 2020
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  17. daywalker02

    daywalker02 Member

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    And nobody saw it coming, I heard nothing before the Splash.
     
    #57 daywalker02, Mar 18, 2020
  18. TheRealist137

    TheRealist137 Member

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    [​IMG]
     
    #58 TheRealist137, Mar 18, 2020
    Richie_Rich, Lawlruschang, Easy and 2 others like this.
  19. Easy

    Easy Boban Only Fan
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    Got to add the laughing voice.
     
    #59 Easy, Mar 18, 2020
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  20. tangsanmao

    tangsanmao Member

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    don't worry，big YAO would like to buy it :D
     
    #60 tangsanmao, Mar 18, 2020
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