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General Discussion => Talk Zone => Topic started by: MusicMan on April 27, 2011, 02:50:36 pm

Title: Mets are so fucked... BWAHAHAHA
Post by: MusicMan on April 27, 2011, 02:50:36 pm
Forbes: Mets carrying $625M in debts (http://sportsillustrated.cnn.com/2011/baseball/mlb/04/27/mets.finances/index.html?eref=sihp)
Title: Re: Mets are so fucked... BWAHAHAHA
Post by: Limey on April 27, 2011, 02:58:16 pm
Quote
Bobby Bonilla, who left the team in 1996 ... has $1.2 million per year coming to him for the next 25 years.

Owch!
Title: Re: Mets are so fucked... BWAHAHAHA
Post by: austro on April 27, 2011, 02:58:46 pm
I thought Bud enacted limits for a club's debt ratio.
Title: Re: Mets are so fucked... BWAHAHAHA
Post by: MusicMan on April 27, 2011, 02:59:18 pm
Quote from: austro on April 27, 2011, 02:58:46 pm
I thought Bud enacted limits for a club's debt ratio.

Enacted?  Sure.  Enforced?  Not so much.
Title: Re: Mets are so fucked... BWAHAHAHA
Post by: BudGirl on April 27, 2011, 03:21:52 pm
How does a team get into that kind of debt?

How does a team get out of that kind of debt?
Title: Re: Mets are so fucked... BWAHAHAHA
Post by: Mr. Happy on April 27, 2011, 03:29:58 pm
Quote from: BudGirl on April 27, 2011, 03:21:52 pm
How does a team get into that kind of debt?
By being dumbasses.
Quote
How does a team get out of that kind of debt?
Sell the club. It's the only way.
Title: Re: Mets are so fucked... BWAHAHAHA
Post by: BudGirl on April 27, 2011, 03:36:49 pm
I can't imagine how you can get into that kind of debt? 

Also, who's going to buy a team with that kind of debt?  Is there any value to it?
Title: Re: Mets are so fucked... BWAHAHAHA
Post by: chuck on April 27, 2011, 03:44:30 pm
Quote from: BudGirl on April 27, 2011, 03:36:49 pm
I can't imagine how you can get into that kind of debt? 

Also, who's going to buy a team with that kind of debt?  Is there any value to it?

That depends on the terms of the debt.
Title: Re: Mets are so fucked... BWAHAHAHA
Post by: Limey on April 27, 2011, 03:45:12 pm
Quote from: BudGirl on April 27, 2011, 03:36:49 pm
Also, who's going to buy a team with that kind of debt?  Is there any value to it?

You go into Chapter 11, restructure the debt, and sell to new owners all clean and sweet smelling.
Title: Re: Mets are so fucked... BWAHAHAHA
Post by: MusicMan on April 27, 2011, 03:45:15 pm
Quote from: BudGirl on April 27, 2011, 03:21:52 pm
How does a team get out of that kind of debt?

nuke them from orbit.
Title: Re: Mets are so fucked... BWAHAHAHA
Post by: MusicMan on April 27, 2011, 03:45:30 pm
Quote from: Limey on April 27, 2011, 03:45:12 pm
You go into Chapter 11, restructure the debt, and sell to new owners all clean and sweet smelling.

Donald Trump, ladies and gentlemen!
Title: Re: Mets are so fucked... BWAHAHAHA
Post by: Lurch on April 27, 2011, 03:45:40 pm
Quote from: BudGirl on April 27, 2011, 03:21:52 pm
How does a team get into that kind of debt?

How does a team get out of that kind of debt?

Borrow.  Borrow.

--USA! USA! USA!