Are the new Astros owners the latest in a long line of debt-riddled ownership groups?

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Jim Crane met the media as the owner-in-waiting for the Houston Astros yesterday, and that led to a couple of glowing reviews of his business acumen and his plans for the future of the organization. It also led to a report in Forbes that says $300 million of the $680 million sales price of the team will be debt-financed.

It’s hard to place this in any kind of context because the Forbes report is thin on (actually devoid of) detail.  What kind of debt is this, short or long term? Does that include the fairly standard line of credit that Major League Baseball extends all teams or is that separate? Is this secured by team property and future revenues or is it secured by, say, Jim Crane’s other businesses and/or personal property and that of the others in the ownership group? All of that matters. And, even if the report is true and the debts impinge on team assets, it’s in no case as bad as the McCourt financing of the Dodgers which represented far more than 100% of the purchase price.

But for all of the unknowns, the debt situation is worth looking into as the deal approaches closing.  Recent history has shown us that team debt matters, and seeing how the Astros sale is being handled will provide us some amount of insight as to whether Major League Baseball has learned anything from recent history.

Report: MLB likely to unilaterally implement pace of play changes

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ESPN’s Jerry Crasnick reports that talks between Major League Baseball and the MLB Players’ Association concerning pace of play changes have stalled, which makes it more likely that commissioner Rob Manfred unilaterally implements the changes he seeks. Those changes include a pitch clock and a restriction on catcher mound visits.

Manfred said, “My preferred path is a negotiated agreement with the players. But if we can’t get an agreement, we are going to have rule changes in 2018, one way or the other.”

The players have made several suggestions aimed at reducing the length of games, such as amending replay review rules, strictly monitoring down time between innings, and bringing back bullpen carts.

It is believed that MLB is proposing a pitch clock of 20 seconds. If a pitcher takes too long between pitches, he will have a ball added to the count. If the hitter takes too long, then he will have a strike added to the count.