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.

Video: White Sox turn triple play against Astros

Jonathan Daniel/Getty Images
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White Sox starter Iván Nova was able to escape a jam in the third inning of Wednesday night’s game against the Astros with the help of a triple play. Nova had allowed a leadoff double to Tony Kemp, then hit Robinson Chirinos with a pitch to put runners on first and second base with no outs. Facing Jake Marisnick in a 1-1 count, Nova threw a 94 MPH fastball that Marisnick sharply grounded to Yoán Moncada right at the third base bag. Moncada quickly fired the ball to Yolmer Sánchez at second base, then Sánchez whipped the ball to José Abreu at first base just ahead of a lunging Marisnick to complete the triple-killing.

According to Baseball Almanac, it’s the 718th known triple play dating back to 1876. The last time the White Sox turned a triple play was 2016. They turned three triple plays that season, amusingly. The Astros have been victimized by two of the last three triple plays, having also hit into one on April 19 last year against the Mariners.