Originally posted by tranquilo
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Comments Thread For: Mayweather Seeking $61 Million From Bankrupt Casino
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Originally posted by deanrw View PostI'll tell you who, someone who could no longer get money from the banks. Their back was against the wall so they started hunting down private investors.
Floyd took one huge risk lending them that money. He had to know they were in a sinking ship or they would have never have agreed to it.Exactly!!!!!!
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At the least Floyd will get his initial investment back. Judges have to protect investors otherwise nobody would lend anybody a dollar. So hows Mannys baseless defermation suit going? 3 years ago you P@ctards had Manny living in Floyds big boy mansion.
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Originally posted by Second Best View PostAt the least Floyd will get his initial investment back. Judges have to protect investors otherwise nobody would lend anybody a dollar. So hows Mannys baseless defermation suit going? 3 years ago you P@ctards had Manny living in Floyds big boy mansion.LMAO
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Originally posted by Second Best View PostAt the least Floyd will get his initial investment back. Judges have to protect investors otherwise nobody would lend anybody a dollar. So hows Mannys baseless defermation suit going? 3 years ago you P@ctards had Manny living in Floyds big boy mansion.
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Originally posted by timbatron View PostAnd LOL at Mayweather loaning a bent casino 4m dollars. He got shafted big time. That money is probably sitting in a briefcase buried in the desert somewhere with no chance of the banks or FBI getting their hands on it.
Mayweather will be bankrupt by the time he is 45.
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Originally posted by KnockUTheFukOut View Postif that Casino actually signed an agreement for that Loan they are ****in SCREWEDwhy in the hell would anybody sign off and agree to such a loan
if they need cash and they cant qualify for anything else from a legitimate bank.
they were probably buying themselves some time. this was probably what they found to be their only option
floyd basically acted as a loan shark. if you're late on your payment with those guys the interest rates become insane.
horrible decision, obviously, as they couldn't pay him.
idiots.
hell, you guys ever heard of western sky? the native american loan commercials you see on television?
"up to $10,000 in your bank account by tomorrow?"
those loans are in the 80% apr range if you borrow 10 grand.
hell, if you borrow 500, you have a 350 dollar loan fee, and 300% APR
the payments are 150 and there are 12 of them
****** loans that are easy to qualify for are out there. they're likely utilized by almost exclusively ****** people.
people do dumb stuff for cash flow. they feel like it will save them.
floyd mayweather was probably responsible in creating this loan, as insane as the loan is for both parties. he's got to get a lawyer to write up a contract that will cover all of his bases in making sure things are done legally. it's not like he's just having dinner with these guys and shaking hands and expecting they're good for the money.
there's no way in hell he's getting 60 million from these men...
where the hell are they getting 60 if they cant afford his four or five?
nobody comes out of the woodwork to pay 60 million dollars. these casino people will never come close to making that back in their lifetimes ...Last edited by New England; 08-03-2012, 09:52 AM.
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