Apr 16, 2010, 11:24 AM EDT
One highly-leveraged English Premier League for sale. Inquire to one Mr. Tom Hicks.
He’ll take cashier checks, but they must be made out to Chuck Greenberg and/or various creditors of the Texas Rangers. Do not — repeat — do not make any checks out to Mr. Hicks personally.
Just spitballin’ here, but I wonder if the Rangers’ creditors will take an interest in the soccer team sale as satisfaction for their debts, thereby paving the way for the Rangers sale to go through. Liverpool is leveraged, sure, but EPL teams are worth a ton of dough, and it may just be that all involved can shake out an extra $30 million or so to do it.
Plus: unlike Major League Baseball teams, my understanding is that creditors can take actual security interests in teams. So, crisis/opportunity is what I’m saying.
(thanks to Kevin Tooke for the heads up)
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