Quote:
Originally Posted by skinsfan69
Randy Learner died and his son kept the team. Same with the Hunts and Mara's. JKC did not directly leave the team to his son. He left it to the foundation. The foundation was a bunch of people who worked for JKC. His son was part of the foundation. They were instructed to get the highest bid which they did. John's bid was 680 million but he didn't actually have anywhere near that amount. He was trying borrow most of the money from Bank of America. Bottom line was Snyder had the $ and John did not. His own father screwed him over.
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And remember originally it looked like the team was going to go to Howard Millstein. Until that deal fell through and Snyder went from a minority on that team to a majority owner.
Anyhow, JKC never seemed to have much respect for John. I understand John has a pretty successful winery in Virginia these days.