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Somebody tell me where Ken Liangs breakfast is so I can dip my balls in it, yelled David Sambur. So begins chapter 30 of The Caesars Palace Coup. That kind of remark passes for humour in the rarefied atmosphere of the Midtown conference rooms of New Yorks finest law firms. Sambur, a partner at Apollo Global Management, was railing at one of the principals of Oaktree Capital, a lender to Caesars, with whom they were in dispute.
I am not as lithe as I was, but I wonder if, even in my youth, I could have managed the manoeuvre Sambur envisaged. David Tepper of Appaloosa Capital, another debt investor who figures largely in this tale, was nothin…
Read the full article at: https://www.ft.com/content/6ad07e9d-5ef2-47ec-91b9-1f4ed851e659