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So I was searching a few sites I look through for video and stories etc.. and ran across a Mr Olympia going bankrupt story . This lead me to look into it and found an American media group story. Apparently they are massive conglomerate. one of those companies that are just a financial disaster ready to happen. you know the type of company .. remember the old ad with the board room and they are deciding "do we make salsa or oven mitts" Well if you look muscle and fitness is owned by the same people as national inquirer and girls world, in others a mixed bag that doesn't go together .These companies usually form by financial engineering. ie leverage buy this company to get enough in financing to survive another year ,Well through mismanagement they eventually are in financial trouble as the old saying "the hens come home to roost." Think Enron MCI worldcomm, and more recently GE . the debt comes due and no one is willing to finance another take over..
the price of deregulation and wall street makes a ton of money while the stock holders are left holding the bill.... it is ok that they have trashed your retirement account .. But a guy on wall street got a Lamborghini
anyhow as a result the company that currently owns the MR O is struggling. I am assuming that MR O is somewhat profitable. there are sponsors , broadcast rights, vacation package , convention packages etc..but is that enough to pay the prize money and everything
an interesting twist is that if the company goes bankrupt that story that David Pecker bought about Trump cheating with a playboy bunny would be property of the bankruptcy , I wonder what it will be worth at auction now.
the price of deregulation and wall street makes a ton of money while the stock holders are left holding the bill.... it is ok that they have trashed your retirement account .. But a guy on wall street got a Lamborghini
anyhow as a result the company that currently owns the MR O is struggling. I am assuming that MR O is somewhat profitable. there are sponsors , broadcast rights, vacation package , convention packages etc..but is that enough to pay the prize money and everything
an interesting twist is that if the company goes bankrupt that story that David Pecker bought about Trump cheating with a playboy bunny would be property of the bankruptcy , I wonder what it will be worth at auction now.
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