Originally posted by FFiB
Excuse me if I hurt your heros feelings....
But here is my quote: "So while Joe R. did the "footwork" and invested some of his money he had the stadium largely financed. "
He paid 12 mill and the banks paid 90 mill. What is wrong with my statement?
My response was to a post which said that JR paid for the stadium which is utter nonsense.
Wow, I didn't say he was my hero. I was trying to explain to you that your paragraph could be misleading. Just like what you wrote above is misleading
"He paid 12 mill and the banks paid 90 mill"
In fact, he paid $12M and he borrowed $90M from the banks. The banks did not "pay" for it.
In much the same way, if you were to buy a house and put down 15% and take out a mortgage on the rest, it would be misleading to say that the banks paid for the house.
It is more customary to say that you bought the house.