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A professional sports gambler used analytics to turn a $700,000 loan into more than $300 million.
This is the wild story 👇👇👇
Joe Pompliano
@JoePompliano
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Joined February 2020
- So many people failed to read the second half of this story. I tried to highlight the acquisition process — how teams are purchased, what issues come up, etc. But I also said Mat has taken $6B in distributions, is buying out his partners, and is fine. That's the important part!Could A Margin Call Force A Phoenix Suns Sale? Mat Ishbia borrowed money from JPMorgan to complete the $4 billion purchase. He had to put up $4.6 billion in his company's stock as collateral, but the stock is now down 70% since the deal closed. READ: huddleup.substack.com/p/could-a-marg…
- Could A Margin Call Force A Phoenix Suns Sale? Mat Ishbia borrowed money from JPMorgan to complete the $4 billion purchase. He had to put up $4.6 billion in his company's stock as collateral, but the stock is now down 70% since the deal closed. READ: huddleup.substack.com/p/could-a-marg…
- Mark Walter has been looking for cash to fund billions of dollars in loans for months, and he isn't just trying to sell his sports assets. According to @Ourand_Puck, Mark Walter engaged Charter Communications to see whether the company wanted to exit its local TV deals for the
- The most underreported detail about the Buss family's ownership of the Lakers is that the trust has a last-man-standing clause. That means if any family member dies, their shares are redistributed to the trust's surviving members. That creates a massive incentive to sell the team
