beckdawg
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this is the team with the 6th most revenue in all of major league baseball. this years team salary is what, that of the twins, indians, and athletics?
You're also talking about a team that has to pay $35 mil in interest on the debt incurred by the leveraged partnership that Zell would have forced on any new owner because he wants to avoid taxes. They also have $12.5 mil in upkeep on wrigley and that's before the proposed renovations. And on top of that they actually pay around $36.65 mil in revenue sharing to those smaller teams. Those 3 things account for ~$85 mil of their estimated $300 mil in revenue and that contributes nothing on the field. Also because of the team debt they can't pay down they are some what limited in what they can spend because the MLB has a rule that says your debt cannot be more than 10x your earnings before interest, taxes, depreciation, and amortization.
If you legitimately want to know where the money is going this article is pretty well written and informative. http://www.bleachernation.com/2014/...d-the-syncing-of-baseball-and-business-plans/
Honestly, the biggest issue is really that interest from debt because if they had another $35 mil to spend they would basically be where they were during the peak years of spending. To greatly simplify things, the reason they can't pay that down is because the way Zell structured the sale was such that he could avoid paying taxes using this leveraged partnership. If the Ricketts were to pay off that debt the government could then go after Zell for the taxes because the way leveraged partnerships are suppose to work is the seller helps finance the sale. In this case the partnership is almost certainly a fraud but so long as they continue to act like it's real there's not a ton they can do about it. And if the Ricetts were to pay down the debt the government would then have just cause to go after them.