Is Arthur Blank in financial trouble ? - Printable Version
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Is Arthur Blank in financial trouble ? - Swift Is a Die Hard - 03-22-2011 06:36 PM
I dont think Blank is poor by any means just like the Mets owners(Wilpons) arent poor Im just wondering with him looking for investors on Falcons franchise from Bon Jovi to everyone else and I know the market has been shit and he has probably taken a beaten on his home depot stock options also just read he is slashing his house in half I really hope not Blank has been probably the best thing to happen to this franchise
Quote:The Home Depot co-founder and Atlanta Falcons owner Arthur Blank has dropped the price of his home in Atlanta’s Buckhead community from $10.9 million to $4.9 million, 55 percent of the original asking price three years ago, according to the Wall Street Journal.
RE: Is Arthur Blank in financial trouble ? - Swift Is a Die Hard - 03-22-2011 06:49 PM
Just google if Blank was involved in that Bernie Madoff ponzi scheme and by reports they escaped it ..Kind of odd when you think a lot of prominent Jewish people were involved in the ponzi scheme
Quote:Madoff scheme skipped Atlanta
RE: Is Arthur Blank in financial trouble ? - UCSBDirtyBird - 03-22-2011 07:03 PM
I doubt he is. The fact that the asking price for his home dropped that much since early 2008 is likely due to something else. But I can't for the life of me figure out what that is.
And he is not looking for a majority share investor, but what seems to be considering small buy ins.
Then again, you weren't looking for serious responses were you?
RE: Is Arthur Blank in financial trouble ? - Swift Is a Die Hard - 03-22-2011 07:10 PM
Housing market has gone to shit or really has it ? there was a good article about this in Wall St Journal ..link
Most people with Blank $$ will hold onto real estate cause most experts believe housing market always come back but especially since Blank does own the Atlanta Falcons and he is in the city and not slash his home in half if he wasnt that desperate to get rid of it
As for investors could mean he might need a cash infusion cause there really isnt another reason to bring on a investor is there
RE: Is Arthur Blank in financial trouble ? - phocis850 - 03-22-2011 07:53 PM
He could slash the price just to get rid of the place.
Yes, he has plenty of money and the Home Depot isn't doing THAT bad.
Also, bringing in an investor allows the ability to pursue more advertising and such. Use their money and not his own. Plus with the word of an eventual new stadium, money would need to start going into savings.
RE: Is Arthur Blank in financial trouble ? - The Falcon Jedi - 03-22-2011 07:54 PM
That bastard wrote me a $10 check that bounced
RE: Is Arthur Blank in financial trouble ? - Swift Is a Die Hard - 03-22-2011 08:01 PM
(03-22-2011 07:53 PM)phocis850 Wrote: He could slash the price just to get rid of the place.
I wonder how close we are to getting a new stadium ..Im sure there will be tax payers paying a portion by either bond buying and what not or Blank getting a major break somewhere along the lines.. I do believe we need a new stadium but not sure how close we really are
RE: Is Arthur Blank in financial trouble ? - Drathdon - 03-22-2011 08:34 PM
In these uncertain times (both regular and NFL season-less years), having a $10 Mil house that is costing more in Taxes and Upkeep than you would loose in the sell to cut the cost is the real bad business decision.
That said, Arthur has said he is amounting capital for a stadium (He will need to pay some of the cost to get what he wants from the deal), so dead-end houses are probably wood that can be trimmed in that arena.
RE: Is Arthur Blank in financial trouble ? - Sporkdevil - 03-22-2011 09:18 PM
(03-22-2011 07:03 PM)UCSBDirtyBird Wrote: And he is not looking for a majority share investor, but what seems to be considering small buy ins.
Yeah, I suppose it doesn't really matter as long as he has a majority. Plus with Bon Jovi (or whoever it was), I think it could be like Miami where to a point you bring in a bunch of celebrities to cough up a couple million for a share and you get lots of advertisement and good will.
RE: Is Arthur Blank in financial trouble ? - ChrisD - 03-23-2011 01:31 AM
Pretty sure Arthur is just getting more investors together so he can build his new stadium and/or dome.