Subject: Re: OT: Biglari Holdings (BH)
He sold the Biglari Capital business (the GP of the Lion Fund 1 & 2 hedge funds) to Biglari Holdings for $1. It was later sold back to him.

OK.
Again, I don't know the saga and haven't read the disclosures, just peering cursorily into the mass of things written about it.
I found a web site that said he had sold it to Biglari Holdings for $4.2m in 2010, before (as we both noted) buying it back. (in 2013 for $1.7m)
e.g., Forbes
https://www.forbes.com/sites/a...

One sweet part of the saga is the tender offer at (you guessed it) $420 a share.

Jim