I don't know precisely how the ownership of this site breaks down, but I don't really think that someone paying outright for the site makes a lot of sense.
The most sensible way in my mind is for a group of individuals to submit a proposal to X to work on the site. Most likely this will be a group of programmers. This proposal will probably be for a certain percentage of equity in the site, which is received upon completion. X doesn't really lose anything as he's already (presumably) losing money on the site and may close it down anyway, and the team doesn't have to pay up front for a losing product. At that point, any sort of larger ownership deal can be arranged between the two parties.
This protects the buyer from paying for a site that may well go under, and provides X with an easy potential escape route out of a losing situation.
__________________
Yes Yes Ya'll, an it don't stop....
Seems like me an' you bout had enough,
Cause man, it's tough to keep the fam in touch,
And to add it up, this rappin stuff got me flippin out like a blackjack bust
Don't give a fuck if you sound like Master P, Mobb Deep or Remy Martin,
Cuz even if the next to try us is the best of rhymers?
Still get bodied on plates like Jeffery Dahmer
|