It’s poetic F’n Justice.
Let’s say they manage to sell for $5M = $1.65 apiece among the three owners.
(Maybe they could've demanded a higher selling price before Pete took a big steamy public tit on the brand name, but not now).
After taxes, Pete walks with $1.08 million.
After AMEX gets its share = $218,000.
Let’s conservatively add another $50,000 in legal fees, and Pete is left with $165,000, also known as two months of online gaming losses in the Werner Media accounting system, or six months of Virgina Slims.
Ever wonder why his fiancé jumped out the bedroom window and sequestered himself in Boston?
Wonder no more: Pete barely has enough left to pay off Walter’s house, let alone to continue playing sugar daddy to vulnerable young men.
But honestly, who will buy this dumpster fire? Anyone who performs a modicum of due diligence will run for the hills before writing a seven-figure check to these three obese Gucci-clad SNL characters bumping into walls and doorways on their electric scooters. The remaining managing partner, John, has proven to be a reckless owner willing to put his company and employees in jeopardy by turning a blind eye to the clear and visible patterns of employee abuse - sexual and otherwise. Who would want to risk their hard-earned capital to acquire a company with such a troubling past, which continues to rear its head to this day? It’s natural to assume more revelations (and possible lawsuits) are still on the horizon.
ANY potential buyer would demand a huge discount from such a sad and tarnished brand. (BTW, Pete didn't just cost DU $900,000 in gambling debt. His deplorable behavior cost it millions by downgrading the company's value in the eyes of a potential buyer).
But there is no buyer, and there never will be. There is just sinking revenue and mounting debt.
It’s not often Karma strikes back so perfectly, but it is truly satisfying when it does, right?
Pete and John are both despicable in their own ways, and it’s great to see them get what’s coming.
Which is nothing.