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Not to be left out, a note on David Tepper


Mr. Scot

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It’s not so much the total amount of net worth...it’s the liquity.  Cash has to be paid  for the franchise as the debt amount  is limited by the league .  If the purchaser’s net worth consists of ill liquid or private market securities, they must either be sold(creating tax consequences) or borrowed against( creating debt obligations).  The purchaser also will need cash to operate the club.  As an example, Matt Ryan’s latest contact includes about $50 million at signing and another $ 45 million fully guaranteed which had to be escrowed at signing per the CBA agreement.  So Blank had to have access to $95 million for one contract.

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