New Preds owners cry poor?
Given the group's financial wherewithal and largesse, why would it need to finance 25 percent of the $193 million they have offered to purchase the team. Presumably, if they had simply anted up the entire amount, they wouldn't have to worry about banks pulling out of the deal.
How convenient for the ownership group.
Here's the quote in question from ownership group ringleader David Freeman from yesterday's Tennessean (where John Glennon's been doing some nice work):
"Our banks will not fund the deal without the amended lease because our banks have looked at the deal and said this team won't survive financially without it," Freeman said Friday. "Our bankers are unemotional about the transaction.If the bankers won't touch this floater, who will?
"They will make the loan if they think we have a good business plan and they will pass on the deal if they perceive an unacceptable risk. They have seen our projections and know what it takes for us to succeed here."
Cue The Forechecker and his mustard-jersey-wearing friends in the comments.