Just because these business people excelled in their specific field doesn’t mean they understand corporate sports business, which clearly they didn’t.
A few million dollars as a buffer in a sports environment that can fluctuate and where you can lose that over the course of a few shit months isn’t exactly confidence raising. Especially in a non-heartland with a new set up and metrics data which doesn’t show overwhelming support and cause.
$100m would have done it. $60m start up, $20m for their fee, $20m as BG’s.
$30m inclusive of BG’s and then scampering for a further $20m was never going to get it over the line.
I’m just being honest with you mate.