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So you'd still need an asset worth 13M. What sort of assets are acceptable these days? I ask purely out of curiosity.
by sh87 8y ago
So you'd still need an asset worth 13M. What sort of assets are acceptable these days? I ask purely out of curiosity.
- wastedhours 8y agoWouldn't "the bank itself" be the asset worth $13m? In the same buy-out as happens to a lot of sports teams, as long as you have friendly lenders, you can structure the deal to buy the asset, using the asset as the collateral (like a huuuuge car loan). If it's always going to cost $13m to get a bank shell, then (although there might not be many buyers), the bank now has a $13m "thing" which they can take ownership of if it goes down the pan.