Manage episode 365548597 series 3378373
“Does [CZ] really have $54 billion of cash? I don't know. But if he doesn’t, you're at huge risk. They’ll go to zero like FTX,” says Kevin O’Leary, business mogul and star of ABC's hit TV series Shark Tank. He claims that regulators are trying to “starve CZ from oxygen” because investors will not do business with anyone charged with the allegations at the regulator level. “There's no transparency in ownership. You don't know who owns those wallets,” says O’Leary.
However, he acknowledges that CZ is in a difficult position. “I actually have compassion for him today. I feel sorry for him.” Speaking of the controversial PGA/LIV deal, O’Leary argues that it’s a different world and the deal provides “an opening for every sport.” “My bet would be the Saudis go after soccer next,” he claims. “You can never make everybody happy all the time. That is an impossibility and you will deal with this criticism in perpetuity on anything you do and that's actually what corporate America has just learned,” he concludes.
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