Running UberNerd wrote:
It was obvious that there was something funky going on with the investors and their legal commitments to GST. But what I had imagined was some sort of "out" clause where investors were not required to pay additional sums if the league failed to hit certain metrics in terms of revenue or whatever. Turns out, it was far worse. You're right. They never really had the money in the first place.
I agree that this is fraud from Johnson, but the investors will likely get roped into the lawsuits, too. If you're letting your name get attached to this dogsh!t brand for credibility but you aren't actually committed to it, you're at risk, too.
I just don’t get how they didn’t properly scout and realize that Kingston was a disaster-in-the-making. If they’d just started in Miami, sure they would’ve looked a little rinky-dink, but they’d have full crowds and it’d look solid for TV.