Thursday, January 30, 2014

Revisiting 'The Greatest Sports Deal Of All Time'

Link to 2011 article: Revisiting 'The Greatest Sports Deal Of All Time' [H/T Matt Brice, whose post is worth reading as well]
This is a tale of fortune, both good and bad. 
Here’s what’s known: Thirty-five years ago this June two brothers, Ozzie and Daniel Silna, along with their lawyer, Donald Schupak, negotiated what’s been called the greatest sports deal of all time. On an initial investment of $1 million, the Silnas have reaped an estimated $237 million. 
Here’s what’s unknown: if doing business with the greatest Ponzi-schemer ever caught has washed away those riches.