Not just the NBA season may be toast. Owners might be as well.
Houston Rockets owner Tillman Fertitta just put out a debt offering for 250 million USD, with ~15 percent interest. It’s the largest spread from LIBOR that a company not already in bankruptcy has offered on its debt, in Bloomberg News’s records.
I think he’s going to have to sell the team, to keep the rest of his hospitality, restaurant, and gaming empire afloat. Maybe to the NBA, in a sort of George Shinn 2.0 fashion?
NHL players are scattered all over the world though. That could make things more difficult.
Many of them stayed in the US or Canada because they were not sure if they went to their home country they could easily get back in.
Reported. Neat change of the link in my post that you quoted, to whatever website you’re shilling for.
Not your garden-variety hunk of spam.
Somewhat off-topic, but for those who are unawere, Colby Cave of the Edmonton Oilers is currently in a medically induced coma. It’s not corona – he suffered a brain bleed due to a colloid cyst and had to have emergency brain surgery. And his family can’t even go see him, due to the pandemic.
Jesus Christ, what a fucking nightmare this whole thing is.
I would like a job where I get paid $8 million a year to appear on TV once in a while to state the bleeding obvious.
Cave passed away this morning. A tragedy, in a spring full of them.
Oh no, that’s horrid. I can’t imagine what his family’s going through.
I’m leaning toward the “NBA/NHL seasons are over” crowd. Remember the plan for the MLB season to restart in empty parks in Arizona? Well, even if it started in late July, it’s not looking promising.