The Nats Might Have To Be Sold Because Winning A World Series More Or Less Bankrupted Them
Well then. That explains a lot.
Earlier this week, it was reported the Lerners were looking into either selling the Nats, or taking on new investors. It sorta came out of nowhere, but whatever, teams get sold all the time, right? Maybe? But now we know why- winning the World Series might have bankrupted the franchise.
They knew when giving Max and Strasburg those huge, back-loaded contracts at some point the chickens would have to come home to roost. Fortunately those contracts paid off with a little thing called a World Series. So obviously when you look at it that way, it paid off. Now for that $500 million debt thing, I have not a clue where that comes from or what it means, but it seems bad! Being a half-billion in debt- not optimal!
When you look around baseball, you always see teams like the A's and the Reds and the other small market teams constantly slashing salary. And people get all up in arms about it, since they aren't even competing or trying to win. Well...I guess now we know why. Because in order to compete, apparently you are at risk of going completely bankrupt. So if you're an owner, do you chase a World Series at the expense of your entire net worth? I mean....just something to think about.
So if this is it for the Lerners, thank you for the World Series. And if they sell to Ted, please treat them more like the Caps and less like the Wizards!