Talk about tiresome...
We've gone from The Balkan to this...
J. Michael Falgoust and Jake Kaplan of the multi-colored daily have a group bidding on the Atlanta Spirit properties on the table. Once the Thrashers sale to True North Sports and Entertainment goes through and is approved by the National Hockey League, the overall dollar amount would drop to US$400-million or so...
The new buyers...???
The CEOs of Global Wellington Financial Corp. and Oriana Capital Partners jumped in after the John Moores exclusivity window died May 20 to acquire both teams and the arena before the 2011-12 NBA season.
This group, that would be called W/C Holdings, was interested in the Memphis Grizzlies at one point, but couldn't get a play.
Former LSU forward Bernard Woodside is managing director and CEO of Global Wellington. Dexter Chappell is managing director of Oriana.
From the USA Today:
"It's critical and something that weighs heavily on our entire team of African Americans because we look at this as something that would be favorable for the African-American community and representing the community correctly," Woodside said. "It's an important aspect we never lose sight upon."
But, the HQ has this question...
If the Griz, which owner Michael Heisley seems to want to get rid of, couldn't come to an agreement with these guys, what makes the rest of us think that they have the leveraged capital to pick up an arena and a more successful ((for now)) NBA franchise...???
Bully for Woodside if he can pull this off since the world would be rid of Spirit once and for all...
FOSG Beau Estes reminds us what that group would be getting...
((HT: NBA on TNT/nba.com/youtube))
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