I agree with all of that. I read the article. What I came away with was the only entity that PSE owns that makes money is the Bills and based on the current circumstances this probably will be a rough financial year for them. The Sabers apparently lose a lot of money, I was surprised that they have high TV ratings. The other businesses are what? Professional lacrosse, minor league hockey, record label, restaurants and a hotel. I was in the restaurant business and dabbled in hotels, they are hard businesses. All of these businesses will certainly be severely affected by the pandemic. PSE apparently had hold over employees from prior regimes. It also appears, that like a lot of businesses, middle management was bloated. I’m not really surprised people were fired. I know from experience, having been a manager and then an owner, my reaction to financial issues were significantly different as an owner.
I don’t have an opinion on Tim Graham, however this line is telling, “Terry and Kim Pegula, meanwhile, have paused construction of their new superyacht in Amsterdam.” Is this pertinent? Seems to me it is not, he doesn’t go on to explain it he just throws it out there. Is he insinuating that they have financial problems? It could be that the optics of building a yacht while firing is not great, or maybe they just don’t like the design. The way that he did this is a passive aggressive shot. To me it is indicative of a an agenda.
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