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MLB's debt at $8.3 billion after shortened 2020
season during coronavirus pandemic

Original Article

Posted By: MDConservative, 10/27/2020 10:35:16 AM

There was a lot of money lost for Major League Baseball in 2020. MLB commissioner Rob Manfred told Sportico in an exclusive interview that the 30 MLB teams are $8.3 billion in debt from their different lenders, and they are expected to post between $2.8-$3 billion in operational losses this year. “We are going to be at historic high levels of debt,” Manfred told the website. “And it’s going to be difficult for the industry to weather another year where we don’t have fans in the ballpark...


Your Schadenfreude fix for the day. MLB isn't alone. Many sports teams are leveraged to the hilt. It will be interesting to see how things like multi-million dollar contracts for "average" and lesser players get massaged in the next seasons. The top stars will likely also take a shave.

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Reply 1 - Posted by: Safari Man 10/27/2020 10:41:59 AM (No. 586107)
Got woke, going broke. Boo hoo, waaah
39 people like this.

Reply 2 - Posted by: Eagle4ever 10/27/2020 10:45:20 AM (No. 586113)
Gee, Why don't they raise their ticket and concession prices. They should raise the parking rates too !!
17 people like this.

Reply 3 - Posted by: pros7767 10/27/2020 10:46:25 AM (No. 586117)
Let's hope the same goes for the NFL & NBA!
31 people like this.

Reply 4 - Posted by: clayusmcret 10/27/2020 10:48:36 AM (No. 586122)
It probably wouldn't have been so bad if they hadn't told a sizable portion of their fans to bugger off.
31 people like this.

Reply 5 - Posted by: hurricanegirl 10/27/2020 10:53:20 AM (No. 586130)
Hey, MLB, call someone who cares--like China.
30 people like this.

Reply 6 - Posted by: ROLFNader 10/27/2020 10:59:45 AM (No. 586139)
Yeah, Imina really miss this 'sport' that is a 3.5 hour game with 7 minutes of action ( including the windup and the pitch). I do miss the days of George Kell and Ernie Harwell radio days-but the game is just too boring to watch on TV and WAY too expensive to attend, in person.
15 people like this.

Reply 7 - Posted by: Highlander 10/27/2020 11:07:57 AM (No. 586149)
MLB, dump BLM, and maybe we’ll come back.
16 people like this.

Reply 8 - Posted by: wilarrbie 10/27/2020 11:08:24 AM (No. 586152)
No tax bailout for a bunch of overpaid pampered prima-donnas. Get your sporty butts in there and renegotiate your contracts. Capitalism, Baby!
14 people like this.

Reply 9 - Posted by: DogFacedPonySoldier 10/27/2020 11:09:19 AM (No. 586154)
Most don't care about professional sports any more.
17 people like this.

Reply 10 - Posted by: Jesuslover54 10/27/2020 11:12:05 AM (No. 586157)
That's what you get for believing Fauci.
14 people like this.

Reply 11 - Posted by: Lazyman 10/27/2020 11:18:48 AM (No. 586168)
Hope they go out of business.Televise Little League Games if you need to watch babies play baseball.
15 people like this.

Reply 12 - Posted by: WhamDBambam 10/27/2020 11:20:45 AM (No. 586170)
Maybe they can learn to code.
23 people like this.

Reply 13 - Posted by: Charlesqx 10/27/2020 11:26:38 AM (No. 586179)
I broke away from pro sports when the knelling started and haven't looked back. I have so much more free time now. It was really eye opening to find out how much time I spent watching and following sports, I'm sure I'm not alone. Now I spend much of that time with my family, whether they like it or not 🤣, and the rest of the time in the garage woodworking and making pens. 😎
15 people like this.

Reply 14 - Posted by: Rather Read 10/27/2020 11:26:38 AM (No. 586180)
I love baseball, but only if I can go to the game in person. It's way too boring on TV. If only it didn't cost so much I'd go more often. But only if I don't get preached at. I hate that.
7 people like this.

Reply 15 - Posted by: DVC 10/27/2020 11:26:57 AM (No. 586181)
And greatly exacerbated by their leftist anti-white and anti-American actions, and just generally stupid management on top of that.
14 people like this.

Reply 16 - Posted by: NeverForget 10/27/2020 11:27:08 AM (No. 586182)
For this literally-before-I-can-remeber, 50+-years Dodgera fan, my last straw (both MLB and the Dodgers have been treating fans poorly frequently since at least 1994) was the GREED and LACK OF CONCERN FOR FANS showed by both billionaire OWNERS and millionaire PLAYERS that cut down what could have been a legitimate under the circumstances 100-game season down to a 60-game joke. The BLM crap just made my decision to leave baseball a little easier. (Disclaimer: Like a dog to his vomit -- and to my shame -- I have watched some of the tournament currently ongoing,)
1 person likes this.

Reply 17 - Posted by: Starboard_side 10/27/2020 11:34:49 AM (No. 586193)
They have a bigger problem, the baby boomers are aging, and not as interested in sports. Then, with the virus affecting the games, it allowed people to find other things to occupy their time, and it's always difficult to get them back when it stops being a priority.
7 people like this.

Reply 18 - Posted by: bad-hair 10/27/2020 11:46:21 AM (No. 586203)
Kneel down during my national anthem one more time and ... I wonder how many kneelers there are on Double A teams. You know where the players make mistakes and it's fun.
8 people like this.

Reply 19 - Posted by: earlybird 10/27/2020 11:58:13 AM (No. 586221)
They are paying huge salaries to their players. But no paying audiences in the grandstands. Some for the World Series, but most of the time the stands were empty.
3 people like this.

Reply 20 - Posted by: Dodge Boy 10/27/2020 12:17:44 PM (No. 586245)
Manfred, may I make a suggestion? Start filling the ballparks with people again instead of those cardboard posters of people and get rid of the fake crowd noise.
6 people like this.

Reply 21 - Posted by: jhpeters2 10/27/2020 12:17:56 PM (No. 586246)
Crossing my fingers that this can be fixed. Baseball is one sport that takes a very long view of its future. The World Series has been in existence for 116 years. And every year it provides exciting moments. People take a very short view of their futures. Other major sports take a very short view of their futures too. Does anyone expect to see NFL, NBA (or laughably WNBA) in 116 years? With the snowflakes decrying concussion aspects of the NFL, and NHL those sports will die out very soon. Basketball most definitely picked the wrong partner in China, and is bleeding itself of fans in move reminiscent of a death by a thousand cuts. Thanks to Fauci, etal there will be a massive global change all economies due to fear - misplaced fear at that. Does anyone have any hope the Olympic games can weather the fear mongering? It is a Fascist/Communist/Socialist's wet dream.
3 people like this.

Reply 22 - Posted by: GoodDeal 10/27/2020 12:40:22 PM (No. 586264)
If they would have just kept politics off the ball field things could have been a lot better. I have not watched one single pro sports game at all so far. I'm going to keep it that way until players in the uniform stand for the flag and national anthem and show respect to the country they call home. Respect the house you are in. After the game and when you are on your own time, then put on those BLM t-shirts, grab a Molotov cocktail, and a brick, and go out and pursue your right to free speech and pursue your own brand of happiness.
9 people like this.

Reply 23 - Posted by: AltaD 10/27/2020 1:25:32 PM (No. 586322)
Greed and leftist politics has killed my love of baseball. Summers meant Cubs games on WGN, Jack Brickhouse, Harry Caray, Pat & Ron Santo but those days are long gone. It's too expensive to attend in person and Cubs games are no longer on free TV. Cubs games are now on the Cubs cable channel. We're not paying for cable just to watch a sport that has fully embraced BLM, anti-American "values".
9 people like this.

Reply 24 - Posted by: bigfatslob 10/27/2020 1:31:04 PM (No. 586333)
For all professional sports figures when you took a knee to disrespected the American flag and anthem in favor of a the hate group BLM you sealed your fate. Many of you millionaire groveling social justice warriors might not want to renegotiate your contracts for 12K in the future to still play in stadiums instead of sandlots. Some might be future garbage maintenance workers remembering the glory days while riding on the back of a garbage truck you ignorant doofuses. Not feeling sorry for your situation you created along with the woke owners supporting cop haters and cop killers. Adios chumps.
8 people like this.

Reply 25 - Posted by: Ida Lou Pino 10/27/2020 1:34:42 PM (No. 586342)
Gee - - maybe .240-hitting reserve utility infielders will only be able to make $6 million per year instead of $10 million. My heart BLEEDS for them!
5 people like this.

Reply 26 - Posted by: RuckusTom 10/27/2020 1:51:00 PM (No. 586368)
Ha. Same thing is happening in the NFL. Check out the full price, including parking fees, to go to a Cowboys game. There's a reason Jerry Jones doesn't want a tram going from Dallas and Ft. Worth to Arlington stadium - the parking fees alone bring in hundreds of thousands during home games. Keep taking a knee boys. You're doing it for a righteous cause! (snicker).
7 people like this.

Reply 27 - Posted by: Blue-Z-Anna 10/27/2020 2:11:57 PM (No. 586402)
Giving up a chance to sell ten dollar draft beers to a captive audience of 50 thousand rowdy fans is bad craziness. Breaks my capitalist heart. Hurts and offends me real bad. I can't hang with these idiots.
2 people like this.

Reply 28 - Posted by: Omen55 10/27/2020 2:45:42 PM (No. 586444)
Lets make 2021 even worst! It's the American way.
1 person likes this.

Reply 29 - Posted by: privateer 10/27/2020 2:46:45 PM (No. 586448)
Wow! BLM-MLB....mirror image. One's a loot-a-lot the other is out-a-loot.
4 people like this.

Reply 30 - Posted by: cor-vet 10/27/2020 2:58:29 PM (No. 586476)
They were so quick to support BLM, so now they should ask BLM to support them during this time of crisis!
4 people like this.

Reply 31 - Posted by: red1066 10/27/2020 3:10:10 PM (No. 586494)
Baseball hasn't been over the top with this woke crap like the NFL, or the NBA. They started out with the letters BLM superimposed on the mound, but that faded quickly after just a few games, and soon product advertising took over. The debt was created because fans were absent from the games. That's a lot of revenue lost. The amount could have been greatly reduced by allowing even 25% of capacity in these 40 plus thousand seat stadiums.
0 people like this.

Reply 32 - Posted by: XCenturion 10/27/2020 5:00:14 PM (No. 586627)
I love baseball, but after the BLM messages started appearing at the ballparks and the players started taking a knee, I tuned MLB out. They can win me back only when they start supporting law enforcement rather than a Marxist organization like Black Lives Matter.
1 person likes this.

Reply 33 - Posted by: Rumblehog 10/27/2020 6:50:21 PM (No. 586721)
MLB BLM, it's a palindrome thing. One deserves the other.
1 person likes this.

Reply 34 - Posted by: Ebenezer 10/28/2020 9:57:44 AM (No. 587236)
the decline in MLB's popularity doesn't have much to do with the virus or being "woke". The game has degenerated into a home run/strikeout derby. Games routinely take well over three hours to play--when I was a kid, a game that went over 2 hours 15 minutes was considered long. And of course, the far too high ticket, parking, and concession prices don't help either.
0 people like this.

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