Padres payroll including CBT is over 300 million. Now they have no tv money and no prospects to get anywhere near the 80 or so million they were getting from Bally's. Forbes had them losing 50 million last year, and have to be looking at losing over 100 million/year going forward. How long is Seidler going to be willing to let that go on? And to pile on, the team is 8 games out already.
It's almost like bankruptcy law in the US has been twisted into a corrupt joke. Diamond was spun off to declare bankruptcy to get better deals on existing contracts. At no point was Sinclair actually in danger of bankruptcy