Wednesday, January 21, 2009

Financing the Cubs sale IS life. The rest is details

I love it when baseball teaches us how desperately fucked we are


  1. I don't take his rebuke as an economic lesson. He's got a billion dollars, but the majority of franchise-owners find him to be a butt wad. They hate him more than they like money. Refreshing?

  2. The salient point I think is that he wouldn't have bought the team with that much cash and no one is willing to extend him reasonable level of credit. Something that was valued at $1billion a year ago is today probably a major cash drain at a %40 discount. It aint good.