Quote:
Originally Posted by Hootie 2.0
I never said that 
My point was ... Glass can afford to lose his ass for a few years until the next TV deal to keep our young guys in tact and pay for free agents. |
Yeah, money's not an excuse for any owner in MLB right now, especially anybody that bought a team more than 10 years ago.
Hell, if the Dodgers wanted to pump the brakes for a bit I'd understand, their debt service has to be insane with the purchase price they paid for LAD. However, anybody that bought a team pre-TIVO era has almost certainly paid their debt service down to little/nothing by now so their operating expenses are going to be relatively low.
And as has been stated, the value of their franchises is such that, if they have
any assets outside of baseball at all, they can easily underwrite losses for quite awhile. Hell, it's not like it would be hard to find a lender willing to advance a loan using the equity in the team as collateral if you really gave a rip and didn't have the immediate liquidity.
Nobody in baseball gets to cry poor. DeWitt bought the Cards for $150 milliion and then sold the parking garages that came with the team for $50 million - net price of the Redbirds was about $100 million. They made $74 million
last season. The guy
cash flowed the purchase of a MLB baseball team and could sell it tomorrow for over a billion. Even if he didn't have $3 billion in net worth outside of baseball, Dollar Bill could take massive losses for a very long time.