Subject: Re: NBA
From: "Rob Walker" <[email-masked]>
To: "Hunter Biden" <[email-masked]>
Cc: "Jeff Cooper" <[email-masked]>
Date: Wed, 2 Apr 2014 15:02:17 -0400

We are going to have a call with these two gentlemen on Tuesday at 10:30am.
 Katie will send a call-in number and invite.  Rob

*Salvatore Galatioto, *President

Mr. Galatioto is President of Galatioto Sports Partners, the leading firm
in the sports finance and advisory business. Prior to forming GSP in early
2005, he was Managing Director and head of the Lehman Brothers' Sports
Advisory & Finance Group, which was founded upon his arrival in 2001. The
group was responsible for all corporate finance and advisory functions
related to the sports industry. During his time at Lehman Brothers, Mr.
Galatioto built on his prior relationships and experience to position the
group as the premier franchise of its type on Wall Street.

For more than 15 years, Mr. Galatioto has overseen engagements in more than
70 transactions in the four major U.S. professional sports leagues as
Financial Advisor, Arranger and Agent. Key clients and relationships
include ownership and management of the Anaheim Mighty Ducks, Charlotte
Bobcats, Chicago Cubs, Chicago White Sox, Golden State Warriors, Los
Angeles Angels of Anaheim, New Jersey Devils, New Jersey Nets, New York
Giants, New York Mets, New York Yankees, Ottawa Senators, Philadelphia
Flyers, Philadelphia 76ers, Phoenix Suns, Sacramento Kings, San Francisco
Giants, Washington Redskins, and several other high-profile franchises.

Prior to joining Lehman Brothers, he was Managing Director and Head of SG
Cowen Securities Corporation's Sports Advisory Group. (SG Cowen was a
wholly-owned subsidiary of Societe Generale). Mr. Galatioto joined Societe
Generale in 1993 and established the Sports Advisory Group in 1997. Before
taking that assignment, he was the Regional Manager of that institution's
East Coast Region, which encompassed one of its largest U.S. corporate
lending units with over $5.2 billion in commitments.

Previously, Mr. Galatioto was employed by Westpac Banking Corporation from
1984-1993. His last position at Westpac was Senior Vice President and
Manager of the Corporate Finance Unit, which focused on leveraged finance,
debt restructuring and specialized insurance lending.

Brad katcher

Mr. Katcher is a Managing Director and one of the founding members of GSP.
Prior to GSP, Mr. Katcher was Senior Vice President in the Sports Advisory
and Finance Group at Lehman Brothers which he joined in April 2001. Prior
to that, Mr. Katcher was a Vice President in SG Cowen's Sports Advisory
Group where he worked on several advisory, financing and valuation
mandates. From 1996-1999, Mr. Katcher worked in London as an Associate
Director in SG's Leveraged Finance Group where he concentrated on financial
sponsor leveraged buyouts. Before joining SG's corporate banking team in
1994, Mr. Katcher worked at Chase as an Analyst in its Aerospace & Shipping
Group. Mr. Katcher graduated magna cum laude with a B.A. in Economics from
Haverford College where he was a member of the Phi Beta Kappa Society.

Mr. Katcher has worked on a variety of debt, equity, advisory and M&A
assignments for a number of sports clients including the Charlotte Bobcats,
Comcast-Spectacor (Philadelphia 76ers, Flyers and Wells Fargo Center),
Detroit Red Wings, Jacksonville Jaguars, New York Mets, Sacramento Kings,
San Francisco Giants, The Walt Disney Company (Anaheim Angels and Anaheim
Ducks) and Washington Redskins. Mr. Katcher has also worked on a number of
unannounced private transactions across the four major U.S. leagues as well
as in the English Premier League.

On Wed, Apr 2, 2014 at 2:57 PM, Hunter Biden <[email-masked]>wrote:

> Jeff- see below and talk to Rob about this for next steps and additional
> info. If we take things Miguel and Carlos I want it to be a real
> possibility and concise presentation. Something they can actually say yes
> or no to rather than just "hey here's another idea."
>
> RHB
> 202.333.1880
>
> Begin forwarded message:
>
> *From:* Rob Walker <[email-masked]>
> *Date:* April 2, 2014 at 1:17:29 PM EDT
> *To:* Hunter Biden <[email-masked]>
> *Subject:* *Fwd: NBA*
>
>
>
> ---------- Forwarded message ----------
> From: Amitava Mitra <[email-masked]>
> Date: Wed, Apr 2, 2014 at 1:13 PM
> Subject: NBA
> To: Rob Walker <[email-masked]>
>
>
> 1. Bucks are the only professional team on the market, in all leagues
>
> 2. The valuation is low
>
> 3. Bucks do not lose money, they make about 14 million a year
>
> 4. the move to mexico is in about 3 years, not right away
>
> You should also tell this to Hunter
>
> a) this transaction will be led by GSPCAP
> b) Rosemont seneca Partners investment will be co lead in the transaction
> c) GSPCAP will do almost all the work
> d) revenue of 2% will be split
> e) They will be very sensitive to how much publicity RSPI gets
>
> A
>