JohnAdcox (10-29-2019)
One thing about payroll for next year, which is easy to overlook. We had 3 playoff games worth of bonus revenue this year. That is not an insignificant amount. In fact I read a recent quote from the Indians owner stating they didn't have additional funds to spend on the team since they missed out on similar revenue.
It would be interesting to see if this helps a bit with increasing revenue.
Carp (10-29-2019), JohnAdcox (10-29-2019), jpx7 (10-29-2019), Tapate50 (10-29-2019), The Chosen One (10-29-2019)
The thing we have no idea about, is how much of these funds they are applying to paying down debt. They not only have debt on the stadium, but also the battery. Not sure if anyone has been there lately, but there is still a ton of progress happening around the battery. Alot more construction going on to add to what is already in place. It's pretty promising to see in fact.
Maybe. But what happens if we Have a bad year next year and half the current tenants leave because of customer traffic being low. The Braves are the anchor of this commercial development and as long as they play well then business is booming. Hopefully we can be good for the next five years and they can clear that debt. If not I fear our payroll. Liberty won’t take a loss on this asset and the battery debt is a big anchor on our ship.
Coppy
Well that's a bit short sighted. None of us have any idea how long of leases the Braves required these tenants to sign. But it would be horrible business to hand out one year renewable leases. It's more than likely multi year deals, which would make sense for them to even develop this.
Yeah. Signing a lease doesn’t guarantee you get that money. Seen many leases go up in smoke because the business liquidates. In fact it is better for the leasing company(bank) to just rel-lease the location versus going through the legal expense of getting any of that owed money.
Coppy
The Braves are in a good financial position. Yes they have debt. But they also have real tangible assets. I wouldn’t be surprised to see the Braves up payroll this year. The Biily Hamilton and Melacon deals last year make me think that money available to expand payroll.
MLB controls the amount of debt a team can carry. Now, I doubt MLB has anything to control Liberty Media.