Quoting: coga16
Again you are not following, hes willing to do that into an already failing football league without blinking. Do you think hes scared of the ramifications of 20m over a calendar year? Especially to a guy like that, thinking that bonus money would scare him off, if anything trying to question his ability to do so just made him do it ever faster
he was chairman of the league, he had an obligation to do so . Again a line of credit is a debt... is money from a bank at your disposal up to 250M... they don't give a lump sum of 250M.
he invested because he tought it would be successful... he made a bad investment... you are failling to see that. No business man willing loses millions of dollars, no matter how rich you are.
and I've said it 100 times... he is worth billions in ASSETS, not cash. the Carolina LLC and his own wallet could have a cash flow problem. Even if one of his company has a Billion dollars in cash flow... he can't use that money directly to pay Aho. Its the company's money, not his. he is simply a stockholder (+maybe CEO).
He could use that money to lend to himself, BUT Company law in Canada and in the US create obligations for board members and administrators of the company to act in its best interest... therefore lending money with no chance to see it repaid by CAR (they make no money...) is a known bad investment. Other shareholders could sue him.