If someone says they'll come up with the money by X date and they don't, maybe you give them one more chance but that's it. Then the deal is off. It's such a

If someone says they'll come up with the money by X date and they don't, maybe you give them one more chance but that's it. Then the deal is off. It's such a heartbreaking story. It seems the conman caught the owners in a perfect storm where they were somewhat desperate to sell based on: - 2 previous sale attempts had fallen through - there was a throwaway line I read somewhere that they were dealing with some personal issues. Perhaps those issues took away their focus - the wife was an overly trustful person - it seems like they just wanted to retire and enjoy the rest of their lives I think the main lesson is that no matter how much you want a deal to work out, you still need to be willing to walk away. A bad deal can be much, much worse than no deal at all. A similar story is how John Spano bought the NHL team the New York Islanders despite having no money. There's a great ESPN 30 for 30 episode about it. https://www.businessinsider.com/how-john-spano-bought-the-islanders-2013-10 https://www.businessinsider.com/how-john-spano-bought-the-is...