Evidence receipt / belief
Published · transcript-backedDavid Rosenthal: belief
2 Mar 2026 Acquired Formula 1
“The offering I believe was intended to be $2 billion but there was not enough demand and Morgan Stanley could only rustle up 1.”
Source trail
Everything needed to verify it.
- Speaker
- David Rosenthal
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 2 Mar 2026
- Publisher
- Acquired
- Episode
- Formula 1
Transcript context
…Why would you buy that debt? That's a really good question. The offering I believe was intended to be $2 billion but there was not enough demand and Morgan Stanley could only rustle up 1. 4 billion worth of money that was willing to do this deal. Either way, the deal happens on a Friday. All gets done, debt's issued, Bernie gets his dividend, money gets transferred to the offshore entities. On the following Monday, Bernie calls up his bankers and says, "Oh, there was something else "that I didn't tell you. "I'm having triple bypass heart surgery today." Today, so they just did the debt deal. Just issued the special dividend, took $1.4 billion out. Three days later, Bernie is having triple bypass heart surgery. The entire future success of this thing is heavily dependent on Bernie being in the seat.…
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.