Much like a real blackhole.... Of a moth to flame...... the Pirates can never escape the alluring draw of the Mendoza LineReynolds heading to sub .200 average to join Canario and Pham.
Much like a real blackhole.... Of a moth to flame...... the Pirates can never escape the alluring draw of the Mendoza Line
Which is completely irrelevant to operations of a business. You cant cover payroll with “future bucks ill make if i sell the team”. The most you can do is take loans on that estimated value which have covenant limits.Also this whole "Nutting isn't making much money because they were at a -$2 million budget last year" falls flat when you realize that the appreciation of the franchise far outweighs any sort of losses that this team could be having. The Pirates are worth $1.32 billion and Nutting purchased them for $92 million in 1996.
Which is completely irrelevant to operations of a business. You cant cover payroll with “future bucks ill make if i sell the team”. The most you can do is take loans on that estimated value which have covenant limits.
Remember the ARam trade? It happened because mlb forced the pirates to reduce their debt ratios.
Good god people
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Playing like MVP, Mets' Pete Alonso locked in at the 'right place at the right time'
Pete Alonso's free agent journey brought him back to Queens. He's proving his worth all over again.www.usatoday.com
"The Pittsburgh Pirates, according to information received by the players union and confirmed by several owners, are one of the most profitable teams in all of baseball, stashing a huge chunk of their revenue sharing monies instead of investing in their team year after year."
I'm shocked