Ex-Google CEO Eric Schmidt Emerges As White Knight For NYC's Broke Princeton Club

One month after the Princeton Club in midtown Manhattan shut its door down indefinitely after defaulting on nearly $40 million in mortgage debt, the venue frequented by so many grads of the Ivy safety school may have found a savior in ex-Google CEO, billionaire Eric Schmidt.

Schmidt (obviously a Princeton graduate) who has donated tens of millions to the Ivy League school in the past and who most recently played a crucial role in Hillary Clinton’s failed attempt to defeat Donald Trump for the 2016 election, has bid on the club’s loan through his family’s investment office, Bloomberg reports citing people familiar with the situation.

If his bid wins, Schmidt would provide the funds to make improvements so the 10-story private club

Keep reading this article on Zero Hedge - Blog.

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