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.

Giants hire Gabe Kapler as new manager

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The Giants announced on Tuesday the hiring of Gabe Kapler as manager. Kapler, filling the extremely large shoes of future Hall of Famer Bruce Bochy, inked a three-year deal, Alex Pavlovic of NBC Sports Bay Area reports. Kapler was one of three finalists for the job, beating out Astros bench coach Joe Espada and Rays bench coach Matt Quataro.

Following his 12-year playing career, Kapler was a coach for Israel’s team in the 2013 World Baseball Classic qualifier. He then became an analyst for FS1 before joining the Dodgers’ front office as the director of player development in November 2014. He was involved in three scandals there: one in which he tried to handle a sexual assault incident involving two Dodgers minor league players without telling police, one in which he allegedly discriminated against Nick Francona, a veteran and former baseball operations employee, and an incident that implicated most of the Dodgers’ front office concerning the recruiting of international free agents. The Dodgers reportedly kept a spreadsheet of employees and their level of criminality.

Despite Kapler’s background, the Phillies hired him as their manager ahead of the 2018 season. He would lead the Phillies to an 80-82 record that year and then helped them improve by one game in 2019, finishing at exactly .500 before being fired. Kapler’s tenure in Philly was tumultuous, often drawing ire from the local media and subsequently the fan base for not being tough enough on his players. The Phillies also reportedly had a clubhouse issue in 2018 in which players were playing video games in the clubhouse during games, prompting Carlos Santana to smash a TV with a bat.

Kapler has a history with Farhan Zaidi, the Giants’ president of baseball operations. They worked together in the Dodgers’ front office as Zaidi served as GM from November 2014-18.