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“It’s certainly not perfect to have a stepped transaction such as this,” commissioner Adam Silver said in April. “It met our guidelines from that standpoint, and it’s what Glen Taylor needed and it’s what they had been willing to agree to at the time.
Obviously, you'll find often disadvantages to involving close friends or family in your company finances. It really is Specifically crucial that you document the mortgage and repayment anticipations in a very penned arrangement ahead of money exchange hands.
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