Surprised the bank didn't just lend him the money. 99% certain Gillette who'd been bankrupt twice didn't have all the money when he bought the Canadians for whatever it was and I'm pretty sure he didn't have 500 million to buy half of Liverpool. (Granted he went into the deals with the bank agreement in hand)
LunarAlloy t1_iqxjase wrote
Reply to TIL that in 1996, Dallas business man John Spano bought controlling ownership of the NHLs New York Islanders for $165 million dollars. After nearly a year it came to light he didn’t have nearly enough funds to complete his purchase of his team. by Mrpink415
Surprised the bank didn't just lend him the money. 99% certain Gillette who'd been bankrupt twice didn't have all the money when he bought the Canadians for whatever it was and I'm pretty sure he didn't have 500 million to buy half of Liverpool. (Granted he went into the deals with the bank agreement in hand)