One week after the Los Angeles Business Journal story, still no word on buyout details. Premature? Did Goldman get cold feet when wading through TEE/AGC co-mingled debt and member's contractual agreements? Downside appears HUGE.
Do you actually think they would have bid for National Golf without having been knowledgeable about all that? I don't think so.
It's part of the due diligence, yes. Could it have been so convuluted that, as I said the "announcement" was premature?