Kroenke would have had to personally guarantee the loans
Posted on: May 15, 2020 at 15:41:39 CT
OntheMark MU
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and I imagine his other companies had to give corporate guarantees.
The stadium is multipurpose in that it will host concerts and stuff like that. But keep in mind that it is only one part of a larger development (like ballpark village) where they have retail, restaurants office, etc. That retail/restaurants will flop if it hasn't already. Eating on a patio at any restaurant there would be like eating at the old Shea Stadium.
This whole thing is going to cost him at a minimum $10 billion. We will see what a good friend he has in Jerry Jones when he goes to the NFL seeking help.