Snow White luvs Peter Pan
Proud Member
I sadly second your comment, there's much more injustice in this world than justice. :sigh:
or it's because the owner is known to build businesses and sell them at their peak
they are asking for $10 Billion dollars. They don't have any financial problems.
all you said is he's asking for ten bill. how's that determining financial problems or not?
he wanted to buy something for cheap and didn't get it, as i have stated before. asking for ten bill? suurre.
anybody can ask for something, that doesn't mean they'll get it.
and notoriety? what's that? what somebody usually says about you. he's 'known' for something? People said a lot of bad things about Michael, financially, and tried to create 'notoriety' for him, but they were lying. so, just because Mr. A. is 'known' for building businesses and selling at peak, doesn't necessarily mean, we know the full story.
if you have an asset that's worth billions than that shows that you aren't in financial trouble. Don't we always say the same thing about Michael and that he had a catalog that's worth than a billion dollars?
do you have any evidence that Anshultz have any debt ? any debt close or bigger than $10 billion?
The only thing that would show a financial trouble would be a debt MORE than the assets/ cash. There's nothing to suggest that.
we'll wait and see. 8 to 10 billion seems to be expected amount. We'll see how much he gets. Imagine that he gets that amount * 8 to 10 billion) would you ever acknowledge that perhaps there was no financial problems and he even made a profit?
yes please ignore his usual business practices and assume financial problems based on nothing but your love for conspiracy and wish for karma.
i gotta admit..i don't get why you seem to like to go back and forth with me like this..in both the threads...but i feel like...you just want to argue with me.
I sadly second your comment, there's much more injustice in this world than justice. :sigh:
And AEG's asking for 10 Billion .....AliCat;3729583 said:http://landing.newsinc.com/forbes/video.html?freewheel=91218&sitesection=forbes&VID=23858948
Report: Larry Ellison Enters Billionaire Auction For Sports-Entertainment Empire
There are prized possessions, and then there are prized possessions for billionaires. The latter are slightly more expensive.
After collecting one trophy in his purchase of the entire Hawaiian island of Lanai for a rumored $500 million, Larry Ellison may be looking to make another big splash. A new Reuters report says that the Oracle founder and CEO is interested in buying fellow billionaire Philip Anschutz‘s AEG, a sports and entertainment empire that includes Los Angeles‘s Staples Center, the home of L.A.’s Lakers and Kings, parts of both teams, and a dozen other giant concert arenas around the globe.
Anschutz put the company up for sale last month. It’s expected to go for billions of dollars, and could even reach 11 figures. In addition to the properties it owns, AEG controls more than 100 other venues. The company, with its sprawling L.A. Live entertainment complex in downtown Los Angeles, also has the inside track on building a money-printing stadium that will house the city’s inevitable NFL team.
Phil Anschutz To Glean Billions In Sale Of Entertainment Group
Ellison certainly has the money to pull off such a massive deal, if he wants to. He is the third-richest man in the U.S., with an estimated net worth of $41 billion. And he hasn’t been frugal in his pursuits. Besides the island of Lanai, which he purchased back in June from another billionaire, David Murdock, Ellison has spent more than $100 million to win the prestigious America’s Cup sailing race. He collects planes and cars, and owned a 454-foot mega yacht before selling it for $300 million to David Geffen.
This move wouldn’t come out of the blue for Ellison. He has tried to get into the sports and entertainment business in the past, inquiring about the Memphis Grizzlies basketball team when it was up for sale earlier this year. And Ellison has kept his powder dry. He told CNBC earlier this month that the $4.2 billion in stock he pledged as collateral in a recent SEC filing was reserved “in case I go shopping and something catches my eye,” and joked that the Lakers could be a target.
But Ellison has other billionaires to compete with if he gets serious about AEG. Patrick Soon-Shiong, L.A.’s richest man worth an estimated $7.3 billion, has mentioned his interest publicly. A biotech entrepreneur who graduated from high school at 16 and medical school at 23, Soon-Shiong built his fortune with pharmaceutical companies that developed anti-cancer drugs. He represents a formidable adversary for Ellison. Large institutional players may also be interested, from major private equity players like Bain Capital to investment firms like Guggenheim Partners, which ponied up $2 billion for the Los Angeles Dodgers earlier this year.
With players like that at the table, the AEG auction will certainly get expensive quickly.
http://www.forbes.com/sites/brianso...aire-auction-for-sports-entertainment-empire/
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