Quoted from thechakapakuni:Yeah is it just me or does Weeks sound like he’s crying poverty when in actuality he’s making some decent change? They did claim they straight out own that property. Where did that money come from. And while they probably weren’t raking in a lot of dough when the had the pinball shows, they made a reasonable amount. And now he’s leasing it to a pot mfg, which is probably paying top dollar. Enough to make him close ship. And now the 5 MIL payday offset by all these losses, we’ll he’s gotta be in the black after this right? Meanwhile the impression I’m getting he’s barely making it. If I sold 5MIL (way over what they expected and paid for the pins) I’d be smiles ear to ear doing non stop cartwheels
I have not taken the time to read everything written about the Banning collection (or building deal) but I have not seen anyone "crying". Making a statement to a news reporter that $5 million from the sale of the machines doesn't cover his cost and he is still in the red isn't really "crying" he is just stating the facts.
What gets under my skin with some people is no matter what good some people do there are always a few people trying to be negative about it. You see this over and over again but PHoF seems to be on the receiving end of this treatment more than anyone else here on Pinside. I was always taught "if you can't say something nice don't say anything at all".
In my eyes if someone spends their money buying something then sells it and makes or loses money that is their business. The prices realized at the Banning auctions were the prices buyers were willing to pay. Those prices were not set by the seller - they were set by the bidders. It was amazing what some (or most) of those machines sold for but the hammer prices were 100% up to the bidders.
Anyway - I don't really care if Banning made or lost money and in my eyes that is none of my business anyway.
Just my 2 cents on things as far as conversations about the money end of the Banning adventure.