He's not going to have to pay mods, even though he should. He's probably going to delete all the participating mods, and let current members of the privated sub

He's not going to have to pay mods, even though he should. He's probably going to delete all the participating mods, and let current members of the privated subs vote for new ones. Nobody will give much of a shit, except that the old mods will start attacking the site with floods or vandalism and that will be annoying, and some subs will turn into the wild west for a month or two. That much mod turnover, and the vandalism and hate media campaigns from former mods could seriously endanger the site if some competitor arises all of a sudden, but no competitor is visible so that's unlikely.