Thread: PSA Layoffs
View Single Post
  #10  
Old 06-05-2023, 09:46 AM
parkplace33 parkplace33 is offline
Drew W@i$e
Member
 
Join Date: Jul 2018
Posts: 1,178
Default

Quote:
Originally Posted by Snowman View Post
Ya, I thought that was pretty funny. I kept reading people saying PWCC was insolvent and that Fanatics likely scooped them up for merely the cost of their debt. Lol. Zero chance that is true. They likely heard that from the SCR clown. PWCC was and is a very viable business. They may have been temporarily cash poor, but that is quite different from being insolvent. No way in hell Brent and Betsy are just walking away with empty pockets after everything that they've built and everything that has happened over the past few years. They've been looking to get acquired for a while now. They were either going down swinging or getting paid and walking away while flipping all their haters/eBay the double bird on their way out. They probably walked away with an 8-figure payday.
I agree with most of what you are saying, but not sure about this part

They probably walked away with an 8-figure payday

They def got a paycheck, but not sure about 8 figures.
Reply With Quote