[Zach Harper]" There have been whispers and rumors within the last year that the Suns [ownership] might not have money. Ishbia might not have cash."
- Thread starter THE 101
- Start date
AlbertPullhoez
The Takeover
I AM WARHOL
Veteran
Bad look for the NBA. How can your newest owner be broke already?
Trojan 24
Veteran
That's his brother no? But doesn't really matter since their wealth all comes from the same business
Trojan 24
Veteran
The Jit Pablo been on a generational run 
Doesn't the league do a deep dive into finances before even approving a sale? And don't you have to have a certain amount of money requirements to even begin negotiations to buy a team?
Trojan 24
Veteran
Yeah at some point the money was there and liquid, so if this is real something would have had to happen
Not sure about the NBA, but I know the NFL was requiring the majority owner to have 30% cash upfront.
I'd imagine he could turn that liquidity into cash if need be, but fukked like a lot of other businesses if they go belly up especially since we've seen it happen before with the mortgage industry.
David_TheMan
Veteran
Yes they do
If he is broke then he might have lost everything in his other bussinesses.
This is what happened to the maloofs in Sacramento if I remember correctly.
Happened to a NFL owner as well i believe the glazer family was severely cashs trapped for a while after their acquisition of man United.
Then we all know the Bengals largely were cash strapped and ran like a ghetto until Marvin Lewis cleaned them up
There was a fraud who bought the Islanders in the 90s and he was found out in a few months, this would be crazy to happen nowadays and for this long. 
eyesonisles.com
It's been 25 years since John Spano's 'ownership' of the Islanders unraveled
The New York Islanders are celebrating their 50th year this season and despite the uneasiness and frustration fans are feeling this off-season, there's little d
eyesonisles.com
