MLB Changing Franchise Debt Rules
Link
forbes.com
This is sort of interesting. MLB is eliminating loopholes which allow MLB teams to hide debt in holding companies, and placing limits on organizational debt. Apparently, the following teams carry more than 50% debt service: 1. Mets (apparently the Madoff suit is not their only concern) 2. Cardinals (bye-bye Pooholes) 3. Nationals 4. Cubs 5. Tigers
