October 9, 200521 yr Is he currently paying it? What is the last day where if he doesn't get a stadium deal, he doesn't have to pay
October 9, 200521 yr There's bunch of stuff out there but more or less they say the following: "According to a New York Times story Feb. 1, the $38-million-dollar difference between the purchase price of the Marlins and Expos will be loaned to Loria by the league. Reporter Murray Chass cites an unnamed source saying Loria will use the loan and the $120 million received for selling the Expos to purchase the Marlins for $158 million - the same price Henry paid to purchase the Marlins in 1999. Loria would pay no interest on the loan for two years, the Times reported, and if the Marlins are unable to build a new stadium in downtown Miami, $15 million of the loan would be excused. Another source cited in the story claims that if the club does build a new stadium, Major League Baseball would receive 20 percent of Marlins profits for the first five years in the new facility, according to MLB.com. "
October 9, 200521 yr Author There's bunch of stuff out there but more or less they say the following: "According to a New York Times story Feb. 1, the $38-million-dollar difference between the purchase price of the Marlins and Expos will be loaned to Loria by the league. Reporter Murray Chass cites an unnamed source saying Loria will use the loan and the $120 million received for selling the Expos to purchase the Marlins for $158 million - the same price Henry paid to purchase the Marlins in 1999. Loria would pay no interest on the loan for two years, the Times reported, and if the Marlins are unable to build a new stadium in downtown Miami, $15 million of the loan would be excused. Another source cited in the story claims that if the club does build a new stadium, Major League Baseball would receive 20 percent of Marlins profits for the first five years in the new facility, according to MLB.com. " Thank You 2003. All this stuff has an effect on the amount of money the Marlins are willing to invest towards a stadium deal. That's why I was asking.
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