Comments on Dodger Divorce: How the McCourts came to own the Dodgers.

His research has shown you that our "erroneou...

2011-07-28T05:33:43.796-07:00

His research has shown you that our "erroneous projections of the mind" is closely associated with future real events, but where did the belief that the first cause second?

Very interesting material. Well when there is so m...

2011-06-03T10:55:10.305-07:00

Very interesting material. Well when there is so much a new. Many thanks, simply class

I know this is an old post but I'm with dodgrf...

2011-03-02T18:14:53.180-08:00

I know this is an old post but I'm with dodgrfan.
Everything we have seen just shows a pattern of spending more and more and not paying much off. The Lover's net worth will be less than we think and there is going to be trouble over securing assetts.

I recently came across your blog and have been rea...

2009-12-19T00:21:30.199-08:00

I recently came across your blog and have been reading along. I thought I would leave my first comment. I don't know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.

Alena

http://smallbusinessgrant.info

The 300 acres, to my knowledge, includes some unde...

2009-11-04T16:47:03.366-08:00

The 300 acres, to my knowledge, includes some undeveloped land in the Elysian Hills area. I don't know if the parking lots are Stadium land or 300-acres land. Whatever the acreage was worth in 2005, I can't imagine the value has held up. Development, as we all know, sucks right now.

Another interesting question relating to essential...

2009-11-04T15:48:03.399-08:00

Another interesting question relating to essentially mortgaging the 300 acres around Dodger Stadium...how would a lender collect or foreclose on that? If the loan defaults, now you do not own the Dodgers or the stadium, but you own the parking lot? To do what, build houses on it? It seems like a piece of collateral that obviously has value, but it useless in a certain way because there isn't

You mean the same Brad Lidge who has sent your tea...

2009-11-04T10:23:26.586-08:00

You mean the same Brad Lidge who has sent your team packing the last two years? Yeah, you really made a statment there. It read: I'M A BITTER DODGERS FAN AND WISH MY BALLCLUB COULD CARRY THE PHILLIES JOCKSTRAPS

I've changed the paragraph in question to bett...

2009-11-04T08:51:46.916-08:00

I've changed the paragraph in question to better reflect the most accurate information I have this morning. I thank those who have commented and written in--there are a number of different accounts for how much financing there is (or has been at a particular time). What is currently posted is the product of the best information I have.

The Oriole Way-- As the saga goes on, and I get b...

2009-11-04T08:40:23.215-08:00

The Oriole Way--

As the saga goes on, and I get better (and lower profile) information, the numbers move around a bit. As I currently understand things, the $250 million (secured by the 300 acres alone) took out the $150 million from B of A and the remaining short-term Fox debt of $71 million. McCourt declined to quantify financing secured by the team. Since that time, it sounds like

I'm a touch confused by this: So, if you&#...

2009-11-04T07:25:56.158-08:00
I'm a touch confused by this:

So, if you're counting at home, the above adds up to $421 million in financing...for a $371 million purchase. That, friends, is a little scary. And there's more. In May 2005, McCourt announced a new, $250 million 25-year note which took out B of A and what remained of the debt to Fox (after the foreclosure on the Boston property). This

Thanks for posting this... The Real Estate Stalke...

2009-11-04T05:01:56.526-08:00
Thanks for posting this... The Real Estate Stalker has a little piece on the McCourt residential assets...

http://tinyurl.com/yl9qbbl

I have been following the McCourt financing of the Dodgers for some time. I was always perplex on why someone would buy the Dodgers without securing the broadcasting rights.

If you think you got more confused over two hours,...

2009-11-03T16:39:15.585-08:00
If you think you got more confused over two hours, would you be particularly surprised to find that they had even more loans? It's apparent that they were able to spend what they wished by having money constantly in motion. Especially in the case of a business the size and motility of the Dodgers, there is a large amount of money zipping through various accounts at all times. In a situation

Joe, The private placement was secured by the 300...

2009-11-03T15:55:48.969-08:00
Joe,

The private placement was secured by the 300 acres of land surrounding Dodger Stadium. I'm pretty sure that, in the event of a purchase, the loan would either need to travel with the team (with the group's consent) or be taken out by a different loan.

Josh

Joe -- if the new buyer has to find new unsecured ...

2009-11-03T15:50:48.950-08:00
Joe -- if the new buyer has to find new unsecured lenders, wouldn't that be a bit of a problem in the current fiscal environment?

Change of control provisions on unsecured bonds ar...

2009-11-03T15:08:34.469-08:00
Change of control provisions on unsecured bonds are typical for leveraged transactions. The new buyer will just have to find new unsecured lenders.

Excellent post, Joshua.

2009-11-03T12:14:27.548-08:00
Excellent post, Joshua.