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They don't have to be overpaying. It was a win win. The way I read it the county got more money this way than if they held it. They they sold the stake ultimat
by s1artibartfast 2y ago
They don't have to be overpaying. It was a win win. The way I read it the county got more money this way than if they held it.
They they sold the stake ultimately worth 17 million, but they got their rights back, which they resold for 16 million. As long as they sold their stake for 1 million or more, they are in the green.
- Scoundreller 2y agoThe rights were back to them at the time of default. It was independent of the claim sale. (They won on the reselling of the naming rights too by leasing them out for more per year than ftx)
- s1artibartfast 2y agoThanks for the clarification. I thought the two were tied