MLB has $8.3B in debt, $2-3B losses this season

[LadyStanley]

MLB Debt Totals $8.3 Billion as Manfred Mulls Options for Next Season

ARLINGTON, Tex. – Major League Baseball’s 30 clubs have amassed an unprecedented $8.3 billion of debt from their various lenders and will suffer $2.8 billion to $3B in losses this season.

Wow

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[LeHab]

No doubt MLB will be taking a big hit this season but I'd take any precise numbers coming from Manfred with a grain of salt as owners are heading for new CBA negotiations.

Interestingly Manfred claims owners were expecting 10B in revenues for 10.2B in expenses suggesting a loss in 2020 even if COVID had not occurred.

 

[golfortennis]

No doubt MLB will be taking a big hit this season but I'd take any precise numbers coming from Manfred with a grain of salt as owners are heading for new CBA negotiations.

Interestingly Manfred claims owners were expecting 10B in revenues for 10.2B in expenses suggesting a loss in 2020 even if COVID had not occurred.

Ding, ding, ding. We have a winner. People completely forget how acrimonious things were prior to this season getting underway. The owners have smelled blood, and will go for it.

 

[LeHab]

Ding, ding, ding. We have a winner. People completely forget how acrimonious things were prior to this season getting underway. The owners have smelled blood, and will go for it.

Athletic just published an article on how skeptical MLBPA is of reported numbers.

Skeptical of MLB’s claims, Tony Clark sets winter position for players’ union

Acknowledges owners hardships but will not blindly make concessions for upcoming CBA negotiations.