Crew to Austin in 2019..(Maybe)

Last night he said the case would end soon.

 

Precums comments in the statesman today talk about relocating a club and not just MLS in Austin. Seems as though the thought of them removing works like “relocate” and “crew” in the event he is granted expansion had nothing to it.

 

Letting your bank know you are shopping and will make a change is certainly not an idle threat, especially if you have any other accounts, like checking, credit cards, with them. You also have notes put into your file and if they think you are looking they may offer better benefits/rates on the other products you can move.

Overreaction? Yes.

 

Wolff: S.A. can forget MLS after Austin vote https://t.co/bFD6OMQU2r via @expressnews

— Miki Turner (@turneresq) August 16, 2018

 

[MOD EDIT: Out of line]

 

This is Precourt. It was not done humanely.

 

Suttle made that comment in the City Council session last Thursday. Deadline 14, iirc.

 

https://www.linkedin.com/in/anthonyprecourt/

If anyone has inmail here is dipshits linkedin

 

Lenovo is pretty good. Toshiba had a disastrous period. I think most of it depends on your IT department, and not on the HW. Plus, Windows makes everything randomly unstable.

 

Do I strike you as a guy that takes the high road?

 

His poor kids. The legacy he is leaving them and the stigma they will have to live with the rest of their lives. It's well documented for all of history.

 

Exactly, because to refinance your mortgage the old loan has to be paid off in full by the new one, so Chase gets all it's money back plus all the interest you've already paid them. There is no leverage here.

 

That is inappropriate.

 

Precourt's comments on relocation and getting things addressed soon I don't put much stock in. He hardly ever speaks and when he does 90% of it is gibberish or what his PR team told him to say.

What I think is interesting is that all the legal documents talk about an MLS Club, not the crew and Suttle indicated that with the ACC deal that the lawsuit would be resolved shortly. While Precourt might just be a spoiled manchild, Suttle is a master sleazeball manipulator who has built a career crafting these sort of deals. Could he have been lying? Sure. But I would actually put money on the idea that they think they have some theoretical solution.

The logic for that goes beyond Suttle's words and the wording in the ACC Contract to the deal with Chase. MLS could have signed on as a 100% guarantor for the Austin loan but that would require the BoG and the MLS assuming sharing all of the risk for PSV. That seems like a dangerous path, especially with the lawsuit still in play and a new MLS team in Ohio. What could have happened though is that PSV and MLS went to Chase and demonstrated something fairly concrete which would lead Chase to believe the lawsuit wouldn't be an issue and the risk was low. This might be an unofficial settlement offer or a potential terms sheet for an expansion team, or evidence of talks in Columbus. Even if the deal isnt final yet if Chase believed there was a high enough degree of certainty they might have signed off.

I saw this before where one private equity firm bought out a major portion of a REIT, which had previously performed poorly, from another while the manager that ran the REIT was restructuring the holdings. The prior owner and manager showed the new buyer they had enough deals lined up with the assets they were in the process of restructuring and new deal they were bringing onboard that the buyer felt certain that the previously assumed risk was mitigated so they went ahead with the acquisition. That deal got underwritten by a former Goldman team but still.

 

Dude that is too far. You need to see if you can delete that message. Precourt is absolutely a scumbag but you can't just harass people.

 

I hate my HP.

 

Besides, his wife is already suffering daily for her choices. The queso breath alone!

 

Addressing/ending the lawsuit "soon" could mean anything.


Could mean Precourt/MLS are willing to settle, i.e., expansion with local ownership.

 

But they don't get more interest...