I guess I'm still confused how Trump gets a $70mil writeoff because the AAF is folding? Or are you saying he did when his USFL team went kaput?
his point is that 30 years ago, trump thought it was a good idea and it went bankrupt (similar to his casinos, airline, steaks, vodka, etc.). moral of the story: stay away from things that trump thought was a good idea 30 years ago, they're going to fail.
one of those things was an alternative football league.
lo and behold, 30 years later people resurrect the idea of an alternate football league - and it crashes and burns. "if trumped touched it, you shouldn't".
that was his point. nothing more. at least per my reading.
but now he get's a $70 mill write off on all his profits from his other businesses....may have been the plan the whole time
"he" = AAF owner dude, not trump.