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BJF
Two years ago

#30015

Court quote has hypothetical Arena sale for $5m

Interesting line in this article and one that perhaps sheds some light on the direction of the Arena

http://www.news.com.au/national/bankruptcy-hearing-told-no-evidence-eddy-groves-can-settle-8m-debt/story-fndo4ckr-1226520392097

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Anonymous
Two years ago
10:50 22 Nov 12

Reply #388698

re: Court quote suggests Arena has sold for 3mill

anyone know who to? hopefully its someone who wants to keep it as a basketball venue and give the 36ers a good deal.


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Bobby Tables
Two years ago
10:52 22 Nov 12

Reply #388700

re: Court quote suggests Arena has sold for 3mill

"Federal Magistrate Michael Burnett put it that, assuming the remaining debt after the dome sale was $3 million"

It's worded fairly ambiguously, but I read that as "assuming the Dome sells for 5 million, the remaining debt of 3 million..."

so I don't think it's sold, yet....


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Isaac
Two years ago
11:09 22 Nov 12

Reply #388702

re: Court quote suggests Arena has sold for 3mill?

Doesn't seem to suggest it's sold and seems to suggest $5m as a hypothetical anyway.


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D@B
Two years ago
15:18 22 Nov 12

Reply #388751

re: Court quote has hypothetical Arena sale for $5m

Bye Bye basketball if it gets sold for $5m

No way that basketball can generate the return required to justify $5m


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