Quote:
Originally Posted by That Guy
they needed more time to review the financials. Harris isn't as liquid as they'd like, but they want Snyder out, so I imagine it'll go through by August.
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Haven't see that posted anywhere, here's a
breakdown of the NFL Financial Committee issues with Josh Harris group's financing .
Basically, 1B$ of unsecured debt, some said this "would be a leveraged buy out", is the main issue, and they don't love the fact there are more than 24 partners if you count investors inside the Limited Partners groups, nor the fact Snyder would be getting half of the incremental increase of Commanders gross revenue for 2 years.
Josh Harris being the only legit bid of that amount, one can hope the NFL doesn't blow its opportunity to get rid of Snyder, but those are not just a couple of misplaced comma in the contract...