I haven't studied the numbers at all...I'm assuming he could sell off a large minority share of the team to free up some liquidity, and this issue would be, at the very least, far less pronounced. I know he WANTS to be the sole owner..but assuming he came around to it, I wonder how many interested parties he'd have in holding a minority stake in the Rockets.
Didn't he brag about turning down a---totes real, I'm sure---offer from someone asking for 40 percent or so of the team in exchange for around a billion USD? Like anyone with that kind of money would be ignorant of the screwing minority owners often get in closely held businesses like the Rockets. Let's see. I give you a billion dollars and I get...? A swanky co-owner's suite? I certainly don't get to make any decisions concerning business operations, given I'm a sole minority owner. Basically a limited partner. I doubt there's much profit in day to day operations, after expenses/debt service/etc... You don't plan on selling the team anytime soon, so any big payday from my ownership stake appreciating would be in the distant future. And the way you've run the team so far, I don't have a hope in Hell of even getting a parade down Smith Street, holding the Larry O'Brien. Sounds great! I have to believe that deal though is more realistic than continuing to be a viable operation while simultaneously floating a quarter billion dollar debt offering at 15 percent.
I completely agree. Maybe some preferential treatment with regard to "distributions?" Riding the line between debt and equity. I'm just trying to think creatively here, because I think he's going to do everything he can to not "lose face" and sell the Rockets so quickly.
Someone looking to become a made man might want to ingratiate themselves by taking a minority share of the team and being a silent, "omertà" partner, if you will.
I don't know...I don't that's how the mob works... I think they buy 5% interest, and then slowly take over your business by breaking your legs and arms. So if we see Tilman physically beat up, then we will have confirmation he was unable to pay his mob debt
Him having to sell the team would not in anyway be a PR problem for the NBA setting another sale record would be great PR. You are going down a deep rabbit hole trying to paint Tillmans ownership as a PR nightmare for the NBA. The New Orleans team had to be taken over by the NBA this is would be nothing new.
Tilman has no cash. MDA won’t take the team to win the west. He’s seeking 3 or 4 year contract. Everyone will relay on Morey to sign low cost free agents offseason. If I were MDA, I’d coach other team for the same salary.
Tilman said he has been trying to sell his assets such as his JETS, YACHTS, and MANSIONS, but "Ain't no one buying anything right now. Tell me who wants to buy anything right now?" Meanwhile, people are paying $1 million for a used bat and people are still paying $51 million for an Apartment. Is Tilman trying to sell Mansions in Detroit or Buffalo? " The biggest transaction in March, and currently in 2020, was a 61st-floor apartment at the ultra-pricey 220 Central Park South tower in Midtown Manhattan that sold for $51.4 million, according to property records. The unidentified buyer made the purchase back in March 2015. In other noteworthy closings last month, the fashion designer Marc Jacobs sold a townhouse unit in the West Village, and the musician John Legend and his wife, the model Chrissy Teigen, bought a second penthouse in a LoLIta building. The month’s most expensive co-op, closing at $25.3 million, was a full-floor apartment at 993 Fifth Avenue that was purchased by Ms. Brogadir. (Her father is Richard Friedman, who runs the merchant banking division of Goldman Sachs.) " A bat used by New York Yankees legend Lou Gehrig that dated back to 1922 was sold for $1,025,000 by Heritage Auctions in Dallas this past week. The auction house initially had the item up for auction in the February lot with a $950,000 reserve. The bat did not meet the reserve, but Chris Ivy, director of sports auctions at Heritage, said a private buyer came in after the auction to purchase the item. "We had been discussing the bat with [the buyer] over several conversations the last couple weeks," Ivy said. "He decided to pull the trigger last week and make the purchase."
Tillman would take a huge hit if he sold a portion of the team. Anything that he sold would just go to paying loans he took out to buy the team. It would be a completely lateral move for him.
lol you can lead a horse to water but you can’t make the dumb ones drink it. I bet you have one Mean case of cotton mouth. Now go back to getting all your political “facts” From Internet Memes
LOL, ok, broski- why don't you lay down some alternative facts then? Also, you actually don't know what a meme is, do you? There's nothign about the President's precise words like "nes hoax" "It will just go away, like a miracle" or "i don't take responsiblity at all" that's a meme. It's just...what happened. Y For ****'s sake, it's not really disputable that this came out last year and Trump didn't do **** till March (except call it a hoax and say it would magically go away), after it was way, way too late, but let's see the timeline just for ***** & gigs, are you a full on COVID truther, like that lady this week who ended up dead? What's in the mobile morgue tents then - dead pigs? What about the earth-shattering record unemployment claims and utter economic collapse - is that all fake news too? it's really a shame, becuase had Trump acted earlier and not waited 70 days we wouldn't be discussing this, among other things, and our beloved Tillman would not be having to sell.
Maybe if you stopped posting about this, we could stick to the topic. That being Tilman broke as ****.
FACTS: Tilman like the round number of $200 million for some reason 1.) He bought the Rockets using only $200 million of his own money, the rest of the purchase was from DEBT 2.) He took out $200 million in January, so he can probably still make the Rockets payroll this year. FACT: If season doesn't re-start this year and Casino and Restaurants do not open up this year...he's done!! DONE DONE DONE " Two months ago, Bloomberg said, sentiment in the credit market was so strong that debt investors allowed Fertitta to take a $200 million dividend out of the company, doubling the size originally targeted" Tilman's restaurants—were bringing in just 4–5 percent of normal sales on takeout-only models during the early days of COVID-19. All the casinos shut down as the company was burning $1 million a day. Landry’s has already drawn $300 million of existing credit lines in full. Bloomberg added Fertitta himself is injecting $50 million of his own cash into the business, according to a source. Based on initial discussions with investors, the loan is being offered at a spread of 14 percentage points over the benchmark London interbank offered rate and at a discount of about 96 cents on the dollar, the publication noted. The spread is the highest ever seen in the U.S. leverage loan market excluding companies in bankruptcy, according to Bloomberg data." https://www.fsrmagazine.com/chain-restaurants/tilman-fertitta-taking-bold-steps-keep-landrys-afloat
