Sean Thornton
I say a little prayer….
- Joined
- Apr 14, 2015
- Messages
- 62,201
- Reaction score
- 106,113
Those things are true but Wilder said that the money had not been touched. The implication was that, at that time, it was not needed.
As you say, it probably is now.
In that regard, the factoring of the rest of the Brooks fee is interesting, because under the agreement between the co-owners that transaction could not have happened without both agreeing to it. This suggests that they have put the argument about how they will fund to one side: it is not necessary to debate it now they have the Brooks money to leverage.
They've funded it through borrowings because neither would be stupid enough to put money into shares or a loan when there's a legal battle ahead and they could lose it.