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38049Re: [hockhist] Re: Canadian Billionaire Confirms Interest in Ottawa Senators

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  • Lloyd Davis
    Feb 1 8:16 AM
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      on 1/31/03 7:48 PM, francz at francz39@... wrote:

      > So, what happens to the Firestone
      > legacy, the burden of debt saddling the Sens? I can't
      > imagine one of the conditions of purchase is that
      > Melnyk will generously assume all those liabilities.

      I would suspect not. Especially since the Bryden/Peltz bid seems to leave
      creditors out in the cold.

      If I were a supplier to the Senators, however, I'd have a lot more
      confidence in maintaining them as I client with Melnyk --- or anyone but
      Bryden --- in the driver's seat.

      Lloyd Davis
      Lloyd Davis Publishing Services
      201-488 Danforth Avenue
      Toronto, ON M4K 1P6
      416 465 6999 /// 416 462 0230 (fax)
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