Skybridge eyes stake buyback from FTX, as Galaxy CEO says he would like to ‘punch’ SBF
SkyBridge Capital CEO Anthony Scaramucci said that his firm can buy back the stake of the company it sold to FTX back in September last year. While Galaxy Digital CEO Mike Novogratz has indicated that he would be tempted to “punch” SBF right in the jaw.
FTX Ventures acquired a 30% stake in the alternative asset manager SkyBridge for an undisclosed fee on Sept. 9, just a couple of months before FTX filed for bankruptcy in November.
Speaking to CNBC on Jan. 13, Scaramuci noted that in light of FTX’s troubles, SkyBridge is making progress in buying back that stake, but suggested the move wouldn’t be able to get sorted “until probably the end of the first half of this year.”
“We’re waiting for the clearance from the bankruptcy people, the lawyers and the investment bankers to figure out exactly what we’re going to be buying back, and when,” the CEO said, adding that "I think it will resolve itself favorably."
Speaking on former FTX CEO and founder Sam Bankman-Fried, Scaramucci outlined his thoughts that there has likely been some foul play there.
“I think it’s very clear now that there was fraud. We’ll of course have to let the legal system determine all of those things. But for Sam, he's got three of four of the principles that have worked alongside him have already pled guilty, and explained to prosecutors what they did,” Scaramucci said.
Caught up with @Scaramucci today. FTX and Sam Bankman-Fried bought a 30% stake in Scaramucci's SkyBridge Capital before FTX collapsed. Now Scaramucci says that he's confident he'll be able to buy that stake back. Given new facts, he also alleges SBF committed fraud pic.twitter.com/jxltXdjCKW
The CEO’s comments provide a stark contrast to his previous statements to CNBC from November, in
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