IT news
"Chicago Tribune" and "Los Angeles Times," the club's Forum this week filed for bankruptcy protection.
The United States, "the Wall Street Journal" quoted sources reported on the news. It is reported that the Forum has hired Lazard as financial advisers and lawyers bankruptcy proceedings.
"The New York Times" reported that the forum has invited a long-term services of a lawyer's Sidley Austin.
It is reported that the end of last year, the United States Heng Sang Mu Zeer large real estate loan to buy the forum, and privatization, since the company began operating difficulties.
It is reported that as of this year, the Forum companies are required to pay interest on the debt as high as 10 billion U.S. dollars, the forum's cash income has been difficult to bear. In addition, the Forum to the company before June next year must also repay the debt of 512,000,000 U.S. dollars.
In addition, the forum's a concern that the debt due to violation of the agreement, the company can borrow at the end of the year in the number of no more than nine times the profit, which the company will run out of cash in risk-strand breaks.
In the third quarter of this year, the forum's loss of 124,000,000 U.S. dollars, and in the same period last year, also earned 84,000,000 U.S. dollars.
Prior to this, the Forum has assignment Long Island, New York, the local newspaper "Newsday", the other to sell the Chicago Cubs baseball team.
"Chicago Tribune" and "Los Angeles Times," the club's Forum this week filed for bankruptcy protection.
The United States, "the Wall Street Journal" quoted sources reported on the news. It is reported that the Forum has hired Lazard as financial advisers and lawyers bankruptcy proceedings.
"The New York Times" reported that the forum has invited a long-term services of a lawyer's Sidley Austin.
It is reported that the end of last year, the United States Heng Sang Mu Zeer large real estate loan to buy the forum, and privatization, since the company began operating difficulties.
It is reported that as of this year, the Forum companies are required to pay interest on the debt as high as 10 billion U.S. dollars, the forum's cash income has been difficult to bear. In addition, the Forum to the company before June next year must also repay the debt of 512,000,000 U.S. dollars.
In addition, the forum's a concern that the debt due to violation of the agreement, the company can borrow at the end of the year in the number of no more than nine times the profit, which the company will run out of cash in risk-strand breaks.
In the third quarter of this year, the forum's loss of 124,000,000 U.S. dollars, and in the same period last year, also earned 84,000,000 U.S. dollars.
Prior to this, the Forum has assignment Long Island, New York, the local newspaper "Newsday", the other to sell the Chicago Cubs baseball team.
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