The problem - "the Hicks Sports Group has defaulted on a bunch of loans, which is what has led to the current situation where MLB is having to front the Rangers money and Tom Hicks (or, technically, HSG) is having to sell the team."
The article:
http://www.lonestarball.com/2009/12/1/1180700/tom-hicks-debt-to-value-and-the
A quote: "The 2009 Forbes data supports the notion that the Rangers are a highly leveraged franchise...the team's debt to value ratio is 66%, the third highest in baseball, with only the Yankees and Mets (both of whom took on a bunch of new stadium debt the previous offseason) with higher ratios...What is particularly interesting to me, though, is that this huge debt level for the Rangers was only recently incurred."
What are your thoughts?
No comments:
Post a Comment