Pretty simple logic isn't it?
Does anyone really think Glen Taylor didn't do his financial due diligence on Lore and Arod before he even sat down with them? I think so. Would Taylor have even bothered dealing with them if they didn't have the money is a great question.
The other thing no one talks about is that the Wolves are expected to make a small profit this year and next. Attendance, concessions, parking and largely TV contracts pay the bills. So it's not like Lore has to spend hundreds of millions out of pocket to keep the team afloat.
The thing is, it's Glen Taylor, he could of absolutely not done his due diligence! Even if we think Lore and arod are complete frauds, Glen Taylor picked them to sell the team to! In any situation either Glen is a moron, lazy, or a snake. Has to be at least one of them
It’s possible that no one fooled anyone.
Suppose Lore says, “I can’t pay, but trust me, in three years I can raise the money.”
Three years is a long time, but a billion dollars is also a lot of money. Maybe Lore honestly believed he could do it, and Taylor honestly believed him. He’s safe either way - he keeps ownership if they end up not being able to pay. But things change. Apparently Lore has pumped most of his liquid capital into Wonder, and expected ARod to catch up on the amount he was supposed to pay.
Maybe they all honestly thought Lore and ARod could raise this money when they made the deal.
