I've also seen reports that the "investor's" entire deal was contingent on MJ raising a certain amount on his own first. And MJ was no where close.
If that's true, I don't blame him for walking. That's entirely on MJ. As is continuing to hold events and bury the league in debt.
GST loves to hide behind very vague language that implies it's the fault of others, but the more we learn, the more it's very clear MJ and their management entirely made their own bad.
