speaking of 'heat check'.... has ayone checked the temp on that bird? I mean that crow has to be waaaaaayyyy overdone at this point.... ...jus sayin...
Ya ain't the only one!!! I give it a 20-35% chance, but 0% if we have to include EGO with the 4 1sts.
Chapter 7 coming up if his Casino can't merge with Casear. With the big drop in the stock market and rising interest rate, he's going to default soon. When was the last time a major sport owner had to default on a loan???? Dude had to pay almost 7% interest rate in 2016 when interest rate was near 0%. Tillman reminds me of those fake rich guys in Beverly Hills with expensive cars and house, then they die and you find out they lived that life style by borrowing to the max and their Estates was negative after all that debt. "How is Tilman Fertita paying $2.2 billion for the Houston Rockets when he and his businesses have less than $300 million of cash? By selling $1.415 billion worth of bonds. According to Law360: "Casino and hotel operator Golden Nugget Inc. announced Wednesday that it had priced a $1.415 billion notes offering and that it will combine its casino operations with those of restaurant chain operator Landry’s Inc., joining the two companies, which are both owned by a Texas billionaire." The bonds are not cheap. PR Newswire says: "The Senior Notes will be issued under the indenture, pursuant to which Landry's initially issued $600 million in aggregate principal amount of its 6.750% senior notes due 2024 on October 4, 2016 (the "Existing Senior Notes"). In connection with the Reorganization, Golden Nugget will become the issuer under such indenture and will assume the Existing Senior Notes as Golden Nugget's obligations. The Senior Notes will have identical terms, other than issue date and issue price, and will constitute part of the same series as the Existing Senior Notes." The bond sale will be used for the $1.75 billion of equity Fertitta is using to buy the Rockets, along with $175 million of assumed debt and a $275 million loan from Leslie Alexander, the seller of the NBA team.
I dont think its about trumping it - 4 future 1sts is a nice haul - but those are long term assets - its about a more immediate return... Thibs is the guy fighting tooth n nail not to accept an offer... cause If Tomball Jimmy goes out the door and they dont recoup something that can help them win games this season, I doubt Thibs is around much longer... Thats why they're stalemated... EGo + PJ and Thibs could have a good season and be in a good position going forward... Adding Knight to the roster and picks spread out for the next 7 years... major step back this year... I hope Morey doesnt eliminate our chance of having some depth now (keeping EGo) + extensively mortgage the future - for an attitude problem diva on a 1 year deal... Tomball Jimmy on a 1 year deal is not worth 3 or 4 1sts more than EGo on a reasonable 2 yr deal...
We need to go all out for butler this team doesn't have the same swag we need a spark to get this team into win mode
