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Started By
Message
re: Spinosa Debt Refinanced = Saban to UT?
Posted on 12/12/13 at 10:34 am to GeeOH
Posted on 12/12/13 at 10:34 am to GeeOH
quote:
If you own someone's debt, you can "call it in" anytime you like.
HAHAHAHAHAHA! No, you really, really can't. I would take the time to explain contracts to you, but you're almost certainly too dim to understand any of it.
1
Posted on 12/12/13 at 10:34 am to TJRibMe
Has it been pointed out that the Weston Legal article is not even from that law firm?
quote:
The above statements do not represent those of Weston Legal or Michael Weston and they have not been reviewed for accuracy. The statements have been published by a third party and are being linked to by our website only because they contain information relating to debt. Nothing in this article should be construed as legal advice given by Weston Legal or Michael Weston. To view the source of the article, please following the link to the website that published the article. Articles written by Michael W. Weston can be viewed here: To report any problem with this article please email info@westonlegal.com
Posted on 12/12/13 at 10:34 am to bamafan425
quote:
You are so mad about contradictory views.
All y'all have done is bitch about every Saban thread on this board. That's what this board is here for. Think of it like the tunnel from Willy Wonka. Crazy shite gets thrown out and that's the purpose of this board.
Posted on 12/12/13 at 10:35 am to LSUdm21
What bitching have I done in this thread?
I've asked for facts and records.
You are the main one bitching in the threads. And that's about Alabama fans.
I've asked for facts and records.
You are the main one bitching in the threads. And that's about Alabama fans.
Posted on 12/12/13 at 10:36 am to LSUdm21
So can I get some clarity...
So Saban has 14m in debt tied to Spinosa in BR and 25m in debt tied to some Houston complext?
If that is true
Doc has claimed the Spinosa debt was suddenly dissolved and now we are saying the Houston debt is gone?
What proof is there of this?
So Saban has 14m in debt tied to Spinosa in BR and 25m in debt tied to some Houston complext?
If that is true
Doc has claimed the Spinosa debt was suddenly dissolved and now we are saying the Houston debt is gone?
What proof is there of this?
Posted on 12/12/13 at 10:36 am to GeeOH
quote:
If you own someone's debt, you can "call it in" anytime you like.
The hell you can.
Posted on 12/12/13 at 10:37 am to Lsut81
quote:
What proof is there of this?
TheDoc's sources.
Which he claimed he didn't even know he had.
Posted on 12/12/13 at 10:38 am to BamaNixon
quote:This is typically incorrect. Most CRE loans have a default provision that makes them immediately callable, which it sounds like this loan had triggered a default at some point. If the loan was sold, it had been in default for awhile or at least operating under a forebearance agreement.
If you own someone's debt, you can "call it in" anytime you like.
Posted on 12/12/13 at 10:39 am to LSUdm21
quote:
All y'all have done is bitch about every Saban thread on this board.
Not me. I love this thread. I hope it continues forever. One anonymous guy posts a linkless, unsourced paragraph about this huge debt that the Sabans have, and suddenly people are talking about buying markers like Tony Soprano and joint and several liability. It's simply fascinating and hilarious.
Posted on 12/12/13 at 10:39 am to bamafan425
quote:
Lots of claims of public records, but I see NONE linked.
Not all public bodies have online access, a business reporter goes to the records and then writes the article. Several of those articles have been linked. Heres a refresher:
$12.5 M = Saban 50% ownnership of bankrupt Houston apt compkex
$3M = Sabans losses on The Pointe at Lake Burton
$750K = Mrs Sabans purchase of BR land
??? = Sabans exposure on $170M Perkins Rowe bankruptcy, and 50M fed fine for TD Bank
$16.25M that we know for sure has Sabans signature on it. There may be more Has Saban even cleared that in 6 years at Bama?
He wants that to go away. Soon
Posted on 12/12/13 at 10:40 am to League Champs
Public bodies don't have access to public records?
Posted on 12/12/13 at 10:40 am to BamaNixon
quote:
Not me. I love this thread. I hope it continues forever. One anonymous guy posts a linkless, unsourced paragraph about this huge debt that the Sabans have, and suddenly people are talking about buying markers like Tony Soprano and joint and several liability. It's simply fascinating and hilarious.
We actually have some pretty good posters here. Doc is one of them.
Posted on 12/12/13 at 10:41 am to bamafan425
quote:Yes. Weston was just referencing an article from the Baton Rouge advocate. Both articles have been removed, but tritiger had the cached version from Weston's firm.
Has it been pointed out that the Weston Legal article is not even from that law firm?
Posted on 12/12/13 at 10:42 am to Lsut81
quote:
So Saban has 14m in debt tied to Spinosa in BR and 25m in debt tied to some Houston complext?
I guess it's possible, but it depends on how willing you are to believe an anonymous poster on the internet with no sources and no proof.
quote:
Doc has claimed the Spinosa debt was suddenly dissolved and now we are saying the Houston debt is gone?
What proof is there of this?
None.
Posted on 12/12/13 at 10:42 am to League Champs
quote:
$16.25M that we know for sure has Sabans signature on it. There may be more Has Saban even cleared that in 6 years at Bama?
So these are his only investments, right? If so, let's get that food drive started. I wouldn't want him and Terry to starve during the holidays.
Posted on 12/12/13 at 10:43 am to bamafan425
I trust thedoc's sources. anyone who walks up to a dude in a bar and flicks a cig in his face and poors a beer on his head can be trusted absolutely when he drops info
Posted on 12/12/13 at 10:47 am to LSUdm21
quote:
We actually have some pretty good posters here. Doc is one of them.
Oh, well, then I stand corrected. If an anonymous crazy on an internet board says this Doc guy is legit, then who needs things like proof or sources or anything?
I totally believe it! I also believe that if you own someone's debt, then you can call it at any time! It's so easy to believe.
Posted on 12/12/13 at 10:47 am to BamaNixon
quote:The first post links the renegotiation related to the Perkins Rowe debt. I have no clue of what Saban's ties are to that debt. A quick search shows that he at least had some ownership of the water chiller. The linked article from the advocate flat out states he had a 49.5% interest in the Houston property. No clue whether he provided a personal guaranty or not.
no proof
edit: none of this could mean anything. If both notes were renegotiated at virtually the same time, it is quite the coincidence. Just interesting...
This post was edited on 12/12/13 at 10:49 am
Posted on 12/12/13 at 10:49 am to TJRibMe
What about Poodlebrain's post?
quote:
I was under the impression that Saban's interest in Perkins Rowe was limited to an ownership interest in the entity that supplies chilled water. That entity was separate from the development that was foreclosed and sold at auction. The chilled water facility is guaranteed to make a profit, and by extension, so is Saban. The contract between the chilled water providing entity and Perkins Rowe is an area of contention for the new owners of Perkins Rowe since it is a valuable asset that Spinosa shielded from the original lenders to Perkins Rowe.
Posted on 12/12/13 at 10:49 am to Tiger Ryno
quote:
anyone who walks up to a dude in a bar and flicks a cig in his face and poors a beer on his head can be trusted absolutely when he drops info
Link?
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