Howard Marks
👤 SpeakerAppearances Over Time
Podcast Appearances
I don't know if you remember that game.
Anyway, NBA Jam, took them over.
What do you mean take them over though?
Well, they were in bankruptcy.
No, this one, yes.
It turns out they were too.
And what I did is I went to the trustee of the court in Long Island, New York, and I made a bid.
And I made a ridiculous bid.
I offered $100,000 to buy the whole company.
And people were laughing at me.
The trustee laughed at me, everybody.
It turns out- Because it was too low?
Yes.
I won.
They had 250 million in revenue.
Because I read it in the Wall Street Journal.
I saw in the Wall Street Journal an article saying that they just declared bankruptcy and they're going to do this chapter seven, which is a liquidation.
You know, I don't know.
It was August.
The auction was in August.