Sure, Greenberg and Ryan have made a deal with Hicks, but they’re not the only ones that matter. According to Sports Business Journal, a hedge fund called Monarch Alternative Capital — which came in late in the game and bought up a bunch of Hicks Sports’ Group’s debt when they nearly defaulted on their obligations last summer — has yet to sign off. And they may not, because they think that Hicks passed up a better offer: from Houston businessman Jim Crane.
SBJ is saying that Monarch is “unlikely” to scuttle the deal, but that it has a reputation for “going to the mat” for the last dollar. They’re also none too pleased with the fact that Hicks is still going to end up owning part of the team post-sale, making
him a buyer and a seller.
Because Monarch is essentially a debt vulture, it may not get much sympathy from the banks and everyone who matters here on the pure dollars of it all. But I continue to think that they have an excellent point regarding Hicks being on both sides of the deal. That has stunk to me from the get-go, and I have no idea why, if there were better offers than Greenberg’s, his partners in Hicks’ Sports Group and others haven’t raised a stink about it.
Over the weekend an Instagram post emerged of a concession worker at Comerica Park in Detroit spitting on pizza crust before covering it with sauce and then, presumably, serving it to a customer. It’s pretty gross, so you probably don’t want to see it. But if you just can’t help yourself, here you go.
If you DO NOT want to go to that link, know that the employee was identified and arrested and could face charges. He has also been fired and Detroit Sportservice, the concession company which runs things at Comerica, shut down that stand. The guy who took the video was suspended for an unrelated uniform violation. There’s a minor dustup emerging between him and the company, as he claims that he tried to tell people about the spitting coworker and was ignored, but the story makes that seem fairly implausible. It sounds to me anyway like the concession company handled it about as well as they could under the circumstances.
In other news, many ballparks allow you to bring in your own food subject to certain restrictions. I can’t say I’ve ever had a bad experience with ballpark food, but if that sort of thing worries you, perhaps you should investigate the rules for brown-bagging it in to the old ball game.