Author Topic: Lerners are Cheap - 2017  (Read 19852 times)

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Offline PowerBoater69

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Re: Lerners are Cheap - 2017
« Reply #100: February 07, 2017, 10:12:49 AM »
How much of that goes to service debt? Does the LLC return anything to shareholders?

DC is a mid sized market with a crap tv deal that's spending like a mid sized team, and people are grabbing the pitch forks. It's kind of hilarious

The debt was relatively low considering that the team was dirt cheap for an MLB franchise.

Good question about payments to shareholders, when the team was purchased there were a bunch of minority owners (including Kasten), a lot of them have now been bought out. My suspicion has been that the Lerners depressed the value of the team for those first five years in order to keep the price down as they consolidated ownership.