1. Welcome! Please take a few seconds to create your free account to post threads, make some friends, remove a few ads while surfing and much more. ClutchFans has been bringing fans together to talk Houston Sports since 1996. Join us!

[Yahoo! Finance] : Texas Billionaire Who Levered Restaurant Empire Hit on All Sides

Discussion in 'Houston Rockets: Game Action & Roster Moves' started by Dr of Dunk, Mar 25, 2020.

Page 2 of 8
  1. s3ts

    s3ts Member

    Joined:
    Jun 29, 2007
    Messages:
    3,110
    Likes Received:
    2,850
    all this talk about loving Houston.... SMH.

    not seeing very many people loyal to the city. proud to be in Houston, but ignorant as hell.

    really hope the city turns this thing around and come back strong.
     
    #21 s3ts, Mar 25, 2020
    D-rock and CK Johnson like this.
  2. AroundTheWorld

    AroundTheWorld Insufferable 98er
    Supporting Member

    Joined:
    Feb 3, 2000
    Messages:
    78,796
    Likes Received:
    56,020
    "Shut up and listen" - he thought he was on top of the world. Mural and all that.
     
    #22 AroundTheWorld, Mar 25, 2020
    D-rock, Richie_Rich, fallenphoenix and 13 others like this.
  3. Ziggy

    Ziggy QUEEN ANON

    Joined:
    Jun 11, 1999
    Messages:
    37,056
    Likes Received:
    13,484
    That boy Les took Fertita to SCHOOL. Fertita needs to shut up and listen and take notes from the REAL entrepreneur.
     
    #23 Ziggy, Mar 25, 2020
    D-rock, Richie_Rich, fallenphoenix and 11 others like this.
  4. rockbox

    rockbox Around before clutchcity.com

    Joined:
    Jul 28, 2000
    Messages:
    22,024
    Likes Received:
    11,087
    From my understanding, he really can't lose the rockets unless he wants to sell it to bail out his other business. You can buy an NBA team on credit. What he did was sell bonds against his casinos to buy the rockets, so the worst thing that he can have happen is lose his casinos. Now if he decides to sell the rockets to keep the casinos since they actually make money when there isn't a crisis, that is his decision.
     
    #24 rockbox, Mar 25, 2020
  5. Nook

    Nook Member

    Joined:
    Jun 27, 2008
    Messages:
    57,215
    Likes Received:
    122,380
    I feel ZERO empathy for him. None.

    He treats people he does business with as disposable.

    He treats his employees like commodities and not people.

    He is the type of person that is what is wrong with the world.

    There is so much money out there at the super rich level that he has no problem getting financing, borrowing well beyond his worth... all built on a house of cards.

    He has a massive yacht, he makes no personal sacrifices while he tries to not let his poor employees use their paid vacation time.

    Now this worthless human being is pushing for the country to open up when it isn’t safe to so he can keep all this crap he doesn’t need and doesn’t even really own. **** him.

    If this keeps up, and the virus remains a risk... a nice side effect will be seeing this ignorant, immoral idiot lose much of his wealth.

    I don’t want a CCP puppet owning the Rockets but I’ll take anyone else short of that over Fertitta. The world is changing and his “greed is good” mantra doesn’t work like it did before.
     
    #25 Nook, Mar 25, 2020
    luckyman76, Der Rabbi, crazeazn and 30 others like this.
  6. apollo33

    apollo33 Member

    Joined:
    Feb 27, 2009
    Messages:
    20,549
    Likes Received:
    16,869
    Leslie conned Fern Titts
     
    #26 apollo33, Mar 25, 2020
    TilmanFinancialWindfall likes this.
  7. Mango

    Mango Member

    Joined:
    Sep 23, 1999
    Messages:
    8,668
    Likes Received:
    3,480
    https://www.seattletimes.com/sports/sacramento-fans-sour-on-once-revered-owners-of-kings/



    https://bleacherreport.com/articles...-to-the-maloof-family-from-a-bitter-kings-fan



    If he really had to finesse his financial numbers to make it possible to buy the Rockets, then he could be looking at a serious squeeze in the near future because I am expecting a gradual recovery for his hospitality empire rather than a quick bounce to boom times.


    Who are the top local candidates to buy the Rockets if he decides to sell so that he can save his hospitality empire?
     
    #27 Mango, Mar 25, 2020
    joshuaao and TilmanFinancialWindfall like this.
  8. snowconeman22

    snowconeman22 Member

    Joined:
    Oct 7, 2008
    Messages:
    14,188
    Likes Received:
    16,103
    Tilman’s economic prospects may be down but his love of talking and expecting people to give a **** is ever growing.
     
    #28 snowconeman22, Mar 25, 2020
    Von Rafer, hou$tonScrew$tonTX, francis 4 prez and 2 others like this.
  9. jayland

    jayland Member

    Joined:
    Jul 7, 2013
    Messages:
    632
    Likes Received:
    985
    Time to start a gofundme page for Tilman?
     
    #29 jayland, Mar 25, 2020
    Von Rafer and TilmanFinancialWindfall like this.
  10. donkeypunch

    donkeypunch Member

    Joined:
    Dec 8, 2013
    Messages:
    20,042
    Likes Received:
    22,690
    [​IMG]

    Ive got a shiny cardboard nickel for him.
     
    #30 donkeypunch, Mar 25, 2020
    dreamshakin, hou$tonScrew$tonTX and TilmanFinancialWindfall like this.
  11. Icehouse

    Icehouse Member

    Joined:
    Jun 23, 2000
    Messages:
    13,527
    Likes Received:
    3,881
    Hmm, so he claims someone offered him 1B for 50% of the team and he said no.
     
    #31 Icehouse, Mar 25, 2020
    D-rock and TilmanFinancialWindfall like this.
  12. jim1961

    jim1961 Member

    Joined:
    Jan 26, 2010
    Messages:
    18,457
    Likes Received:
    14,664
    Too bad he hadn't invested in toilet paper companies, he would be raking it in if he had :rolleyes:
     
    #32 jim1961, Mar 25, 2020
    D-rock, Von Rafer and TilmanFinancialWindfall like this.
  13. TilmanFinancialWindfall

    TilmanFinancialWindfall Member

    Joined:
    Jul 15, 2019
    Messages:
    1,395
    Likes Received:
    1,195
    ROFL

    SHUT UP AND LISTEN
     
    #33 TilmanFinancialWindfall, Mar 25, 2020
    D-rock likes this.
  14. J.R.

    J.R. Member

    Joined:
    Jun 30, 2008
    Messages:
    109,961
    Likes Received:
    163,153
    https://www.houstonchronicle.com/bu...impacts-strain-Fertitta-s-gaming-15157329.php

    According to Bloomberg, the closures resulting from the pandemic have cost Fertitta about a third of his net worth, now at $3.2 billion, and has placed nearly $5 billion of debt at high risk. Bloomberg first reported the 40,000 temporary layoffs.

    Credit-rating agency Moody’s Investors Service downgraded Golden Nugget, Fertitta’s restaurant and casino company, to B3 this week, and the company’s bonds are trading at discounts, Bloomberg reported.

    Matt Sodl, president and managing director of Southern California investment bank Innovation Capital, which represents gaming and retail clients, said he expected Fertitta to make it through this crisis.

    “He’s got institutional investor support in both the debt and equity markets,” Sodl said in a recent interview. “I’m a believer he’ll come out of it and be on the hunt looking for opportunities because there’s going to be many of them.”
     
    #34 J.R., Mar 25, 2020
    D-rock likes this.
  15. Easy

    Easy Boban Only Fan
    Supporting Member

    Joined:
    Jul 23, 2002
    Messages:
    36,451
    Likes Received:
    26,640
    Those are my questions too.
     
    #35 Easy, Mar 25, 2020
  16. OmegaSupreme

    OmegaSupreme Member

    Joined:
    Mar 19, 2003
    Messages:
    6,393
    Likes Received:
    1,503
    [​IMG]
     
    #36 OmegaSupreme, Mar 25, 2020
    Von Rafer, dreamshakin, hou$tonScrew$tonTX and 2 others like this.
  17. hakeem94

    hakeem94 Member

    Joined:
    Sep 23, 2016
    Messages:
    30,803
    Likes Received:
    41,420
    ROCKETS HATERS... rockets haters everywhere
     
    #37 hakeem94, Mar 25, 2020
    Exiled likes this.
  18. cur.ve

    cur.ve Member

    Joined:
    Aug 3, 2003
    Messages:
    695
    Likes Received:
    269
    Screw this guy. There is no economy if this gets worse. Pushing people to go to restaurants so his greedy ass doesn't go broke when we don't have a handle on this and cases keep on growing is the ultimate evil.
     
    #38 cur.ve, Mar 25, 2020
    D-rock, Richie_Rich, TilmanFinancialWindfall and 2 others like this.
  19. Caprah

    Caprah Member

    Joined:
    Nov 29, 2018
    Messages:
    1,228
    Likes Received:
    1,748
    Well the team Tillman before you go broke
     
    #39 Caprah, Mar 25, 2020
  20. Caprah

    Caprah Member

    Joined:
    Nov 29, 2018
    Messages:
    1,228
    Likes Received:
    1,748
    You don’t know what you got till it’s gone
     
    #40 Caprah, Mar 25, 2020
    Richie_Rich and Rocket River like this.
(You must log in or sign up to post here.)
Page 2 of 8

Share This Page

Toggle Width
Style
ClutchFans Original

  • About ClutchFans

    Since 1996, ClutchFans has been loud and proud covering the Houston Rockets, helping set an industry standard for team fan sites. The forums have been a home for Houston sports fans as well as basketball fanatics around the globe.

  • Rockets Content

  • Support ClutchFans!

    If you find that ClutchFans is a valuable resource for you, please consider becoming a Supporting Member. Supporting Members can upload photos and attachments directly to their posts, customize their user title and more. Gold Supporters see zero ads!


    Upgrade Now