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Started By
Message
1
Posted on 11/2/23 at 7:20 am to tzimme4
Benito Santiago
Posted on 11/2/23 at 8:16 am to Basura Blanco
quote:
What is the issue? Padres ownership could do this every year for the next two decades, and still make a killing when they sell the team along with any debt.
Do what? That's not any type of way to run a business.
Posted on 11/2/23 at 11:08 am to RD Dawg
quote:
Do what? That's not any type of way to run a business.
In the second paragraph the article states that MLB teams regularly utilize lines of credit to meet short-term financial obligations. There's reason to believe that the Padres have financial issues but this loan may have been taken out whether they have those issues or not.
This post was edited on 11/2/23 at 11:13 am
Posted on 11/2/23 at 11:57 am to ClampClampington
Trevor Hoffman
Posted on 11/2/23 at 12:50 pm to Basura Blanco
They are 3rd highest payroll at $256 mil is that correct? So they are almost 20% underbudget? How is that possible? I get needing to take a loan to cover short term costs, but 20% of their entire year? That seems like very poor management or a huge short term move to win?
Posted on 11/2/23 at 1:35 pm to Team Vote
Nate Colbert
Posted on 11/2/23 at 1:36 pm to Lsuhoohoo
quote:
Juan Soto is a Yankees.
The Padres will bring Geovany Soto out of retirement and try to convince people it's Juan.
Posted on 11/2/23 at 1:41 pm to baldona
quote:
They are 3rd highest payroll at $256 mil is that correct? So they are almost 20% underbudget? How is that possible? I get needing to take a loan to cover short term costs, but 20% of their entire year? That seems like very poor management or a huge short term move to win?
They wanted a $100 million loan but due to their debt load MLB capped them at $50 million.
Posted on 11/2/23 at 1:55 pm to Kinderman
Every team will have to do this during the transition to streaming. A lot of the salary money comes from local/regional affiliates and tv broadcast contracts. John Skipper predicted it would start happening this year.
This post was edited on 11/2/23 at 1:59 pm
Posted on 11/2/23 at 2:07 pm to RD Dawg
quote:
Do what? That's not any type of way to run a business.
What business would you be comparing it too? It is a highly unique entity and virtual monopoly exempt from anti-trust laws with publicly provided infrastructure resulting in a valuation of nearly $2 Billion on a leveraged investment of only $800M 10 years ago. This increase in equity occurred in one of the most volatile 10 year periods in recent history. Ownership in MLB is a no lose proposition.
Posted on 11/2/23 at 2:47 pm to FightinTigersDammit
Ozzie Smith
Posted on 11/2/23 at 3:33 pm to 21JumpStreet
quote:
Baseball is dead
If baseball is dead, football is dead.
Posted on 11/2/23 at 3:59 pm to tigerpimpbot
Gary Sheffield
Posted on 11/2/23 at 4:04 pm to MikeD
Jim Leyritz
I know I spelled that wrong. Don’t care. frick that guy.
I know I spelled that wrong. Don’t care. frick that guy.
Posted on 11/2/23 at 6:18 pm to Undertow
Mike Ivie
Posted on 11/2/23 at 6:20 pm to BregmansWheelbarrow
quote:what
If baseball is dead, football is dead
Posted on 11/2/23 at 7:53 pm to baldona
quote:
They are 3rd highest payroll at $256 mil is that correct? So they are almost 20% underbudget? How is that possible? I get needing to take a loan to cover short term costs, but 20% of their entire year? That seems like very poor management or a huge short term move to win?
A lot more cost to running a team than just payroll...
Posted on 11/3/23 at 9:26 pm to Basura Blanco
quote:
This increase in equity occurred in one of the most volatile 10 year periods in recent history. Ownership in MLB is a no lose proposition.
And?
So why doesn't every team go into serious payroll debt every year knowing
they'll eventually get that return somehow down the road when the team is sold?
No serious MLB owner or GM is gonna run
a operation like that.
Ted Turner lost serious money running the Braves in the late 80's (one year had the highest payroll but worst record) but his losses were technically
on paper since he made a shitload from broadcasting the games on the Superstation.
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