Unlucky-Cake-6773

Unlucky-Cake-6773 t1_iqwu501 wrote

Reply to comment by bigbigjohnson in TIL that in 1996, Dallas business man John Spano bought controlling ownership of the NHLs New York Islanders for $165 million dollars. After nearly a year it came to light he didn’t have nearly enough funds to complete his purchase of his team. by Mrpink415

It blows my mind that he showed up to the original deal without enough money and the previous owner sold anyway.

He was supposed to bring a certain amount and showed up with less than half and the original owner went through with the sale anyway.

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Unlucky-Cake-6773 t1_iqw8z26 wrote

Reply to comment by Wendals87 in TIL that in 1996, Dallas business man John Spano bought controlling ownership of the NHLs New York Islanders for $165 million dollars. After nearly a year it came to light he didn’t have nearly enough funds to complete his purchase of his team. by Mrpink415

> You see i was on my way to the bank to deposit the money and I got ambushed by a bunch of terrorist ninjas

He basically used this excuse except instead of "terrorist ninjas" he used "the IRA"

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Unlucky-Cake-6773 t1_iqw8sfa wrote

Reply to comment by BigDKane in TIL that in 1996, Dallas business man John Spano bought controlling ownership of the NHLs New York Islanders for $165 million dollars. After nearly a year it came to light he didn’t have nearly enough funds to complete his purchase of his team. by Mrpink415

I loved that 30 for 30, but I dont think they made it seem like he was ever close to pulling it off.

He said in the interviews he was wide awake all night thinking of how he would come up with another excuse. The closest thing was one person said they heard another company was going to give him a few billion dollars in loans if he got a TV deal or something, but that would have just been kicking the can a bit since he could obviously not afford to pay that back

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