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Title: Fitch: MLB Can Afford Lost Season
Source: Front Office Sports
URL Source: [None]
Published: Mar 6, 2022
Author: Tim Heitman - USA TODAY
Post Date: 2022-03-06 12:13:42 by BTP Holdings
Keywords: None
Views: 43
Comments: 4

Fitch: MLB Can Afford Lost Season

Tim Heitman - USA TODAY | Sports/Design: Alex Brooks

Negotiations often come down to who has more to lose. A report from Fitch Ratings finds that MLB owners could weather a full season without baseball.

MLB’s “ample liquidity position” at the end of last month and debt reserve funds can cover the loss of a full season, the financial analyst wrote.

> Potential losses in 2022 could be covered by ticket revenue and media deals, Fitch noted.

> The league can draw up to $2 billion from its A-rated MLB Club Trust Securitization and $1.25 billion from its MLB Facility Fund, which holds an A- rating.

> MLB holds around $2.1 billion in debt from those two facilities.

Fitch did caution that a lengthy lockout could “alienate the fan base and erode game attendance and viewership,” leading to “lower renewals of key revenue, including club seats, luxury suites, and sponsorship agreements.”

Winning by Losing?

Last week, MLB told MLBPA representatives that it would be willing to lose a month of games, which some players believe is a desirable outcome for team owners. April games are poorly attended, and media deals are not broadly affected until around 25 games are lost.

“They continued to make offers they know were in the players’ best interest to refuse,” Chicago Cubs outfielder Jason Heyward wrote in an Instagram post. “They view the first month of the season as debt … season delayed [equals] they meet their goals.”

On Friday, the MLBPA announced it was launching a $1 million fund to support workers affected by the lockout. MLB said it would create a similar fund.

Poster Comment:

Put me in coach.

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#1. To: BTP Holdings (#0)

I no longer care.

“ On some great and glorious day the plain folks of the land will reach their heart's desire at last, and the White House will be adorned by a downright moron. ” ~ H. L. Mencken

Lod  posted on  2022-03-06   13:18:46 ET  Reply   Trace   Private Reply  

#2. To: Lod (#1)

I no longer care.

Mr. Cub, Ernie Banks, passed away a year before the Cubs won the World Series in 2016.

One of his sayings was, "Let's play three." But we all know how brutal it was to play a double header.

And believe it or not, the Tribune Organization has erected a statue of Ernie Banks in front of Wrigley Field.

Ernie Banks Statue ;)

"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke

BTP Holdings  posted on  2022-03-06   15:50:13 ET  Reply   Trace   Private Reply  

#3. To: BTP Holdings (#0)

Haven’t watched a MLB game in years.

"It does not take a majority to prevail, but rather an irate, tireless minority, keen on setting brush fires of freedom in the minds of men." -- Samuel Adams (1722-1803)‡

"Resistance to tyrants is obedience to God." -- Thomas Jefferson

ghostdogtxn  posted on  2022-03-06   16:19:17 ET  Reply   Trace   Private Reply  

#4. To: ghostdogtxn (#3)

Haven’t watched a MLB game in years.

When I was playing sports in High School I was sitting around the house in my shorts. My younger sister remarked about the muscles in my legs. That was when we were young and not sitting around driving trucks and getting fat. ;)

"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke

BTP Holdings  posted on  2022-03-06   16:23:46 ET  Reply   Trace   Private Reply  

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