You heard it here first, before any media outlet latched on to it, that the merger would be fought to the death with the FCC but that the two partners would come out victorious and it would be approved.
That’s documented, Harley can go look up the dates of my stories before he starts his “Zzzzzzz old news” shuck and jive.
Finally, the media is catching up with your well-coiffed Scribe and voicing concerns over the “what ifs” and/or the “it’s about times.”
But what Yale served up today is weak sauce and I have to call him on it.
YY – and I call him that because we’re tight – says that “While the financial outcomes might be great for stockholders in a $32 billion or so deal, Kansas City could lose a lot. Then he goes on to state the obvious, since he’s quite skilled at that, “This merger bus is being driven by Sprint’s majority owner, Softbank.”
Yale’s first concern is that we soon could be saying goodbye to the Sprint name at the Sprint Center.
“It’s believed to be history if a merger occurs.”
Prior to becoming the “Sprint Center” the yet to be named arena was seeking, and got, $2.5-million for its naming rights. That made it the single most expensive rights fee for a center that was not the home of a professional sports franchise. And I promise you the contract has a rights of succession clause in it, whereby if the T Mobile merger takes place they can rename it whatever they want. T-Mobile Center?
Next, Yale ponders the chance that CEO Dan Hesse may not be in charge of a newly merged company. “So there goes a powerful and longtime civic leader.”
Yale, that ship has already sailed.
Because as soon as Hesse gave an interview stating if that if the merger happened he’d look for other things, other interests, other avenues for his life and career.
The day those words came out of Hesse’s mouth, the deal had already been cut for one of the single most outstanding executives in this city to chart a new course after an ultra-soft parachute landing.
Best of luck to you, Dan, you’re a fine man and it will be Sprint’s loss.
Then YY tackles his last point — “Kansas City could be in danger of losing jobs after the merger, especially if the new CEO wants to move the corporation’s top dogs to California (closer to Japan, home of SoftBank CEO Masayoshi Son) or T-Mobile USA’s headquarters in Bellevue, Wash.”
I said months ago you would see the gradual decline of Sprint employees in Kansas City. As attrition comes I stated they would be replaced in other locations, not here. Specifically, that, “Son’s not flying his G5 over his palatial estate in Cali to come all the way to KC just to yell at a few Sprint execs.”
In his final lines Yale states, “If the city loses jobs because of the merger, that could put a damper on a lot of excitement that now surrounds Sprint’s future plans.”
Wow, that’s profound.
I left Sprint in a layoff. I just assumed it was always party time and the city loves to see blood running in the streets when a major corporation lays off thousands of employees.
I’m sorry, but I hereby crown you, Yale Yabahacka, Apostle of the Obvious.