FanShot

Another Forbes Story

1

So according to this story the recent buyout included, $260M in assumption of debt ($160M Syndicate loans, $100M in unidentified debt attributable to "NHL, Barraway, MSG, Prudential, on nearby land.") But according to Gullitti NHL wasn't loan, but advance not requiring repayment; MSG contract was securitized (not a loan) and we might presume the same about Prudential (although I hadn't heard of debt to Prudential). Knowing that Barroway debt was $30M, there is about $70M in debt that was never identified, unless that is the "nearby land," which I can't imagine. Might this include money owed to Chambers from the January buyout by Vanderbeek? Are any of these numbers reliable being that they came from a source that just two weeks ago reported that an NHL buyout was imminent?

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