Key business connections continue to suggest very real possibility that Dell’s business friend Mubadala has suspected involvement with the Jobing.com arena bonds. Would this explain why MSD was brought in to bail out Jerry Moyes when in trouble?
Over the past two days, we have had more visits from Mubadala, the investment arm of Abu Dhabi.
Curiosity or a nerve struck?
The secretive in Abu Dhabi should come forward, and if responsible for the situation with the Phoenix Coyotes in Glendale, why not stand up, wave the hand, and admit it?
Perhaps we could then make some sense of the nonsensical. Maybe join more dots as Steve Scott would say.
And, interestingly enough, Mr. Scott has added (as always) tremendous insight into complimentary issues pertinent to this reporting.
One, it is believed the sports teams in Phoenix are not paying taxes, and the Goldwater group is challenging this.
This would explain why the NHL is “moving the goalposts” as Steve Scott would say. They are awaiting the “verdict”, and perhaps the outcome of the case would allow concessions.
Hard to say.
But the big question is, if we are barking up a tree with no merit, why does Mubadala continue to visit, and look at that article suggesting we believe there is evidence that points a finger at their involvement with the Jobing.com arena bonds?
After all, these are the big oil barons. The players with wealth that are looking to hedge the “oil bet” with alternative forms of investment, and exercise power, and influence in a quest to, in my opinion, become very influential with the politically involved in America.
The question is, did you know about them in the US? How about fellow Canadians? Ever heard of Mubadala before the Phoenix CityNorth case was exposed? I know I didn’t.
But further support for “their thinking and motives” can be explained in this comment from US News:
But the Abu Dhabi Investment Authority, in particular, has also become a focus for controversy. Estimated to have as much as $900 billion in assets, the fund is one of the few places flush with cash amid a global credit crunch. It is the largest sovereign wealth fund in the world, with holdings that are about four times larger than the biggest U.S. pension fund.
Details about the true extent of its assets are scarce and its nearly impenetrable cloak of secrecy has fueled suspicions about the government’s intentions. News of sovereign wealth funds looking to purchase stakes in U.S. firms has prompted fears in some quarters that foreign investors might be seeking to quietly take over companies or to purchase influence.
Mubadala is the common link to several interests that either have a stake in the future of the Phoenix Coyotes, or did. Or, at least might be peripherally interested in aspects of the Coyotes.
- Mubadala has a stake in Related Companies, along with MSD Capital
- Mubadala was also mentioned with ties to the ever-growing Carlyle Group, that so many prominent U.S. names are attached to
- MSD Capital was a lender to Jerry Moyes at a time of need (why MSD of all lenders? Suggestion of a connection?)
- Related Companies already involved in land development subsidies at Phoenix CityNorth (along with MSD Capital buying into Related)
- Mubadala is also a large investor in Advanced Micro Devices, one of Dell’s main chip suppliers
- The powerful connections: William S. Cohen was the best man at John McCain’s wedding, and Cohen was the former Secretary of Defense. His Cohen Group is the lobby firm working for DRS Technologies, which Eric Rosen is a Director. Let’s remember, Eric Rosen left Onex, to become a partner with Michael Dell at MSD Capital. And DRS Technologies is a major supplier to the U.S. government department of defense, granted several contracts
- Mubadala has stake in the Carlyle Group (Military development in the USA with huge political powers of influence including the Bush family)
- More potential friends have streamed in over time including the John Buck Company (which is the underlying company that Mubadala formed John Buck International with), and another just the other day from Lockhead Martin Corporation, another supplier to the military
- We had the Executive office of the President of the US looking at the connection potential of Alan Leventhal (Leventhal owns Beacon Sports brought in by Michael Reinsdorf to assess Jobing.com). Leventhal also has ties to Boston University and likely Donald Fraser (a director of DRS Technologies, and so is Eric Rosen (who is also a director of MSD Capital)
We could go on, and on, and on. We have not even mentioned the Daryl Jones ties to Onex, and Rosen, where they both worked in the past.
Take both hands and intertwine your fingers. This is a metaphor for how tight this little (growing) group is.
Now ask the question.
If you had great little deals going on and Arabian investors not too interested in anybody knowing too much about their business dealings, what are the odds that any group brought in as potential owners of the Coyotes is not somehow a friend of a friend of a friend?
If George W. can set the tone, who is to stop the rest?
The perilous ramifications of the September 11 attacks on the United States are only now beginning to unfold. They will undoubtedly be felt for generations to come. This is one of many sad conclusions readers will draw from Craig Unger’s exceptional book House of Bush House of Saud: The Secret Relationship Between the World’s Two Most Powerful Dynasties. As Unger claims in this incisive study, the seeds for the “Age of Terrorism” and September 11 were planted nearly 30 years ago in what, at the time, appeared to be savvy business transactions that subsequently translated into political currency and the union between the Saudi royal family and the extended political family of George H. W. Bush. On the surface, the claim may appear to be politically driven, but as Unger (a respected investigative journalist and editor) probes–with scores of documents and sources–the political tenor of the U.S. over the last 30 years, the Iran-Iraq War, the war in Afghanistan, the birth of Al Qaeda, the dubious connection between members of the Saudi Royal family and the exportation of terror, and the personal fortunes amassed by the Bush family from companies such as Harken Energy and the Carlyle Group, he exposes the “brilliantly hidden agendas and purposefully murky corporate relationships” between these astonishingly powerful families. His evidence is persuasive and reveals a devastating story of Orwellian proportions, replete with political deception, shifting allegiances, and lethal global consequences. Unger begins his book with the remarkable story of the repatriation of 140 Saudis directly following the September 11 attacks. He ends where Richard A. Clarke begins, questioning the efficacy of the war in Iraq in the battle against terrorism. We are unquestionably facing a global security crisis unlike any before. President Bush insists that we will prevail, yet as Unger so effectively concludes, “Never before has an American president been so closely tied to a foreign power that harbors and supports our country’s mortal enemies.” –Silvana Tropea –This text refers to an out of print or unavailable edition of this title.
Where is the true investigation into the events of 9/11 to prompt the invasion of Iraq?
The rich and powerful in America joining forces with the rich and powerful in the oil sands. A tight little group.
If Mubadala is proven to be the bondholders, we might just get some level of closure to this case that has left many of us scratching our heads.
I have to add this weird little tidbit. I have recently looked at more information on 9/11 and you may still question why this ties into hockey in Glendale, Arizona. Fair enough. The bigger picture is the issue. What has shaped America and it’s infrastructure and its’ allegiances?
Freedom of speech is supposedly a right. And I remember in school that kids were taught that asking lots of questions was a “good thing”. Another principle that comes to mind is that you learn by questioning. We are taught not to take something at face value, but to question it. For in questioning comes understanding. Questioning and seeking to “prove it for yourself” is the foundation of learning.
But there is something very bizarre that has occured it would seem for Americans that have wanted to “put to bed” their concerns of 9/11.
When these folks have asked questions, and challenged what has not seemed right, instead of open dialogue and investigation to quell their issues, the poor folks have been labelled terrible things like “communists”, “radicals”, “truthers”, and the like.
Pardon my ignorance for not having heard that term until now.
Are those that oppose the need of truthers to know the truth really suggesting “truth” and the quest to “clear the name of those accused” as a bad thing?
The real problem with 9/11 and the truthers seeking that “evil” truth, is that the truth may actually become known.
And if the truth that becomes known is not what would be good for America, is it better to keep it a secret?
When Bill O’Reilly was on David Letterman’s show, O’Reilly challenged Letterman by asking him, “Do you want the United States to win in Iraq?”. O’Reilly said it was an “easy question”. Letterman came back with, “It’s not easy for me because I’m thoughtful”.
Interesting choice of words. Buying the propaganda means you take government at their word, with simple, easy concepts like win or lose. Scary as heck.
But, like a kid that grows up to never have to face the ramifications of his own actions, is getting away with things going to be good for anybody? No. And neither is it for the nation of America.
America needs to clear it’s name, answer the questions that are so very important. As Charlie Sheen would put it, “get on the right side of history”.
Many so called radicals in their day were mocked, but later proved to be right.
But fear not Charlie and others, the truth always comes out in the end. And, it is not that you necessarily want to prove government is corrupt, but rather you want to get answers to those questions that linger.
And if we can get back to hockey for a moment, I hope the “”players in this game all got together to send Jerry Moyes a thank you card, at the very least. After all, Moyes could no longer afford to be taken advantage of by the friends of Glendale, Arizona, and the U.S..
We started out as Canadians wanting a hockey team, and wondering why an arena lease and bond could be such an obstacle. When we tugged on the string, it unravelled more than we bargained for indeed.
More on Sheen: