LiborTedSpread called my attention to this post that Homer had posted on the Yahoo board.....
http://messages.finance.yahoo.com/Bu...91&mid=4032954
Start with $360 million...
+ Add in FCF from Q4 of about $50 million;
- Now remove $180 million minimum balance needed, per their various indenture agreements;
- Now remove $175 million to repay the February debt;
- Now remove $44 million owed to the NFL in February;
- Now remove $60 million owed to MLB in March;
- Now remove $50 million for accounts payable
= ($99 million)
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