08-10-2022, 01:17 PM
(08-10-2022, 12:24 PM)PDub80 Wrote: What's the point of the above statement? To be contrarian?
You have to have cash to fund the bond. To say that you can do that instead of putting cash into an escrow is moronic.... You STILL HAVE TO HAVE THE CASH. Unless you think the Brown family can borrow 100s of millions without any sort of risk or collateral - such as borrowing against Bengals stock they own or outright selling it off to produce... wait for it... keep waiting... CASH.
The Browns family has collected hundreds of millions of dollars in salary from the Bengals over the years.
Plus they own an asset worth over $2 BILLION dollars.
They could easily come up with a couple of hundred million dollars to invest in bonds and fund an escrow account. It is not like they have to BUY something and lose the use of the money. They can invest the money and receive a return while it is in the escrow account.
