Yesterday, California businessman Alex Meruelo was introduced as the new owner of the Atlanta Hawks, though the sale is pending the approval of the NBA's board of governors.
Today, Forbes Magazine's sports business guru Mike Ozanian raised a concern that may scuttle the deal.
According to Ozanian's report, 40 percent of the purchase is being financed by the Hawks' current owners, Atlanta Spirit LLC. That sort of arrangement isn't unheard of, but is rare. One troubling example of a seller-financed deal: Frank McCourt's purchase of the Los Angeles Dodgers. That, by itself, should raise enough red flags to hold a parade.
No comments:
Post a Comment