What kinds of circumstances have a company sell for $100 million and the owner gets nothing?

davidcarew19
Jan 31, 2020
1 min read

Here’s one— Suppose that company owes (on the day it is sold) more than $100 million, to a bank and the bank’s credit terms require repayment upon sale of the company.

The entire purchase price ($100 million) goes to pay off the company’s debt, and the “owner” gets precisely nothing.

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