I guess Sycamore Partners needed to save money to pay for their own Xmas bonuses or are running out of cash? Nice work!
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The original $116M for 20 year deal was turned into a lifetime deal in 2009.
Who cares!
The truth be told, this was put on the table back in 2015/2016 by Sycamore…not the Arena owner. Your concept of an undervalued deal is just more BS!
folks..get the facts right before sounding off. news told the whole story. deal technically ended in 2019 and the owner of the arena paid us to get the naming rights back because it knew the original deal probably undervalued the monetization opportunity. a good deal for both parties
folks..get the facts right before sounding off. news told the whole story. deal technically ended in 2019 and the owner of the arena paid us to get the naming rights back because it knew the original deal probably undervalued the monetization opportunity. a good deal for both parties
It’s because they are almost to the 5 year mark and getting ready to shut it all down.