For Edutainment purposes contains “Leaked” Strategic Information

Risk Vectors and Mitigation Strategies

10.1 The "Lineage" Valuation Risk

• Risk: The NHL Board of Governors may struggle to value "General Intangibles Lineage" equivalent to $2.1 billion in equity.
• Mitigation: The "Swap" structure means the Partners (Google/Apple) are putting up the actual cash. The NHL gets its fee. The valuation of the Lineage is an internal accounting matter between DM LLC and the Partners. As long as Google/Apple accept the Lineage as valid consideration for their $1.68 billion combined investment, the NHL's financial requirements are met.

10.2 The Golden Share Legal Challenge

• Risk: Minority pa ...