November 16, 20178 yr That is from nearly 2 weeks ago. Things that happened 2 weeks ago can no longer be true anymore?
November 16, 20178 yr and yes, their owner did have a bit of debt. Although they were really profitable from the start because they cut their payroll to essentially nothing, He financed the purchase with a $220 million loan from Bank of America BAC +0.37% and assumed $55 million of debt from a previous loan with Major League Baseball, according to the Sports Business Journal. https://www.forbes.com/sites/danalexander/2013/08/26/2013-houston-astros-baseballs-worst-team-is-most-profitable-in-history/#5d1e13cc34c0
November 16, 20178 yr Things that happened 2 weeks ago can no longer be true anymore? they could be true, or they could have never been true in the first place. Please answer my question that you have continuously ignored: What good would come of the marlins coming out and saying they intend to blow up and do a full rebuild?
November 16, 20178 yr Please answer my question that you have continuously ignored: What good would come of the marlins coming out and saying they intend to blow up and do a full rebuild? No good would come of it. You are absolutely right that they might be doing a full rebuild but have chosen not to say so to not rile up the community and the fanbase. I'm not denying that. But every piece of evidence so far suggests otherwise and you are choosing to deny all of it.
November 16, 20178 yr No good would come of it. You are absolutely right that they might be doing a full rebuild but have chosen not to say so to not rile up the community and the fanbase. I'm not denying that. But every piece of evidence so far suggests otherwise and you are choosing to deny all of it. your second paragraph, first off, isnt true. Even that one tweet you posted said that they havent looked to trade Ozuna yet, not that he is never gonna be available. They are trying to deal with Stanton first and then move on from there. that is the biggest issue and the one they have to figure out before they do anything else. And again, if no good would come of saying that we are gonna completely rebuild, why would any media reports say that they are going to fully rebuild?
November 16, 20178 yr We dont have any "debt payment" to make. We have an organization that was losing money annually the way it was being run before. Hence why they are saying they are going to change the way the organization is run. What is your point? We have a shit ton of talent at the start of the rebuild to make this an expedited rebuild if they make the right moves. In another post you say..............He financed the purchase with a $220 million loan from Bank of America BAC +0.37% and assumed $55 million of debt from a previous loan with Major League Baseball, according to the Sports Business Journal. Here you say......We dont have any "debt payment" to make. So there is NO debt payment on the books, right? Well I found this quote on FOX News in September 2017 which says.......The incoming group, unanimously approved by baseball owners on Wednesday, will assume $100 million in the team’s debt and is restructuring an additional $300 million of the club’s debt. The sale is scheduled to close Monday, the day after the regular season ends. To my knowledge this didn't disappear when they took over on Monday when it closed. This is a DEBT PAYMENT ON THE BOOKS which you said there wasn't any. ( https://www.foxsports.com/mlb/story/jeter-4-percent-stake-in-marlins-who-will-have-400m-debt-092817 ) These may be different, but I'm may be wrong that the loan may NOT be on the Astros books Astros as it states HE financed $220M AND assumed $55 M in debt. The Marlins have $400M ON THE BOOKS. Oh yes.....Astros HE isn't a HE, but there is a membership group of 14 people from an article I read so it amounted to a $25M investment each. PLUS HE BORROWED $220m to buy the team. “But it’s also kind of a family experience.” Lummis sits on the Astros’ board of directors, a foreign concept for the 19 years of the McLane administration. The board consists of 13 votes, each representing investments of at least $25 million. Some of those seats on the board are further split, leading to the much larger total sum of investors. For instance, Crane — the largest investor and chairman of the board — has three full votes plus a portion of another. ( http://blog.chron.com/ultimateastros/2012/03/21/new-ownership-group-brings-new-way-of-running-astros/ ) So to my knowledge there is a MORE than a little difference between $55M and $400M, and the interest payment would be a little MORE also. NOW as for this statement above you say.....What is your point? We have a shit ton of talent at the start of the rebuild to make this an expedited rebuild if they make the right moves. Hmmmmmm, one of my points is you know that for a fact? "We have a shit talent at the start of a rebuild.....IF....... But that really isn't my point........these Marlin guys are STRAPPED......a pun on words as like in no money and HUGE debt. Unfortunately Jeter has done nothing to relieve fears that MAGICALLY as you state "We have a shit of talent at the start of a rebuilt IF (my capitalization) they make the right moves." Also a difference the Astros principal owner said if they need to go off the books, meaning more money, they will go back to the "board" of I believe 14 people. Jeter and Sherman have made it clear they aren't doing that. Yes Loria ran it in the ground which we all knew was happening, yes they are losing money because of mismanagement, no player visit/interviews around town, Jose's death, a plethora of stuff. But why buy a team in which you only have ONE way to "make money" by gutting the team. That's the ONLY one they has been given. Are there other ways which may be better from a fans outlook? Now I'm not saying it won't happen, but why put yourselves (owners), the team, AND THE FANS (unless you know differently) most probably won't come out and support a team winning 55, 56 or 51 games? Hmmmmmm so attendance will go UP? Or will attendance will go DOWN? What direction do you say it is going?? By the way, the Astros made fan incentives shortly after buying the team. Jeter or Sherman saying anything about that? The ONLY thing I've heard is.........buy tickets! And frankly I certainly wouldn't want or plan to buy tickets when there is NO idea who will be on the field. (This point of buying the tickets were brought up NOW elsewhere instead of the Marlins waiting until January and making the comment.)
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