Some, uh, interesting comments from #Rockets owner Tilman Fertitta:
“I’m holding up, I’m holding up pretty damn good.”
“You are doing your people a favor if you get them furloughed first, because they they’re the first to the unemployment line …"https://t.co/3VgLZf3Nym
— Greg Rajan (@GregRajan) April 11, 2020
“But I’ve got 45,000 employees out there that we’ve had to furlough, which is so tremendously unfortunate,” he added.
But Fertitta, who is estimated to worth $4.8 billion by Forbes, claimed he was actually helping staff by getting them out of the door as early as possible.
“You’re doing your people a favor if you get them furloughed first, because you have them first to the unemployment line after the severance that you give them.
“It’s a trick that I learned many years ago.”
https://twitter.com/jtylerconway/status/1249037084817534976
Despite Fertitta’s claims that he was withstanding the Covid-19 carnage, reports in recent days have suggested that Fertitta is desperately searching for a cash injection to keep his empire afloat, offering to pay 15 percent interest for a “lifetime loan” of $250 million.
Fetitta bought the Houston Rockets for a record $2.2 billion in 2017. He is also the third cousin of former UFC owners Lorenzo and Frank Fertitta, who sold their stake in the company in a deal worth a reported $4 billion back in 2016.
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