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Maloofs Continue To Spin Out Of Control

By | 0 Comments | Feb 19, 2019

Let's hope George Maloof isn't there, because he's still being entirely ridiculous. From Monacelli's story:

Ummmmmmmmmmm.

It was enough for the city. It was too much for you. You pulled out because you didn't think your ticket surcharge — paid by us, remember? — would add up to $67 million, and you didn't want to tap into other profits you'd be pulling from the new arena. You pulled out because you didn't want to promise to stay for 30 years. Because you didn't want to guarantee your existing city loan with collateral. Because you wanted the option to sell to a party who wouldn't be subject to the lease agreement. Because you are already so burdened with debt that you couldn't further leverage your family's low-liqudity "tremendous personal wealth."

What an insane attempt at spin.

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