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
Posted by td at 9:27 PM

2 comments:

  1. Brent PetersonJanuary 28, 2009 at 10:37 PM

    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?

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  2. tdJanuary 29, 2009 at 8:23 AM

    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.

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