(Radio-Info.com) — Inner City Broadcasting’s debt will be changing hands, says TheDeal.com, so Goldman Sachs can finally take it off the books. Inner City’s controlling Sutton family played hardball during the 2009 financial crisis, when Goldman and GE Capital were squeezing ICBC over $230 million in debt. Politicians got involved, and Goldman and GE backed off. Now Goldman finds a solution to holding the delinquent debt – it sells it to Magic Johnson Enterprises and Ron Burkle’s Yucaipa Companies.
