04-09-2010, 10:57 AM
A couple of items:
- The Cubs were just sold to Ricketts for $845 MM last year. Forbes should have at least included an asterisk to say that the market value is another $119 MM. In addition that would change the Debt/Value ratio to 69% rather than 80%
- Why assume that debt cannot be paid down from Operating Income? Ricketts will find new revenue streams but I don't believe that he has to create these streams in order to service the debt.
- The Cubs were just sold to Ricketts for $845 MM last year. Forbes should have at least included an asterisk to say that the market value is another $119 MM. In addition that would change the Debt/Value ratio to 69% rather than 80%
- Why assume that debt cannot be paid down from Operating Income? Ricketts will find new revenue streams but I don't believe that he has to create these streams in order to service the debt.