I believe you. But then I’m still trying to figure out why they took a $250M emergency investment if they had enough cash to fund the league for 2 years?
And my understanding is the guy who funded this latest round got a huge piece of equity – somebody quoted by ESPN says he now “effectively owns the league”.
I’m curious because the first rule of starting a new business is never get more investment than you actually need. But that sounds like exactly what they did.