Texas Rangers Declare Bankruptcy. A-Rod Contract the Reason?

[HD MM]

Ten years after signing Alex Rodriguez to a then unheard of $252 million contract, the MLB franchise has filed for bankruptcy.

Now, it's probably not exactly fair to blame the team's financial failings on the current Yankees slugger. Still, USA Today explains that A-Rod is one of the team's largest unsecured creditors. He is currently owed nearly $25 million in compensation, six years after he was traded away.

The Buzz Log - Rangers Declare Bankruptcy - Yahoo! Buzz

 

[HD MM]

Nolan Ryan trying to buy Rangers at bare bottom sale price....

How can a reasonably popular franchise, with a fairly nice stadium in a fairly large market be such a financial disaster?

Rangers Creditors Said to Oppose Sale to Ryan Group (Update1) - Bloomberg.com

 

[televisionarchives]

Thank you Afraud

 

[HD MM]

Thank you Afraud

Wouldn't this be Rangers ownerships fault for not being able to pay such a large contract they committed to?

 

[SandraC]

Wouldn't this be Rangers ownerships fault for not being able to pay such a large contract they committed to?

Woof woof!


Sandra

 

[Peter Parker]

actually the article makes the point that it is not fair to blame ARod for this. I know that he is unpopular and it is easy to claim that his lack of popularity is well deserved but we can't balme him for everything.

 

[televisionarchives]

Wouldn't this be Rangers ownerships fault for not being able to pay such a large contract they committed to?

Perhaps but I hate Afraud and this is just another example why.

 

[azgreg]

It seems that the ownership tried to buy a championship on credit. Must have figured that a winning team would mean more revenue. Not that I'm a Yankee lover, but it does show that it takes more than money to win a ring.

 

[castle rock kid]

It could have been a lot worse by opting out of his contract a couple years ago he relieved the Rangers of their share of his contract. The Yankees became responsible for all of his new contract.

 

[SandraC]

It could have been a lot worse by opting out of his contract a couple years ago he relieved the Rangers of their share of his contract. The Yankees became responsible for all of his new contract.

See this is why televisionarchives hates A-Rod, because he's always...wait, what did you say?


Sandra

 

[televisionarchives]

It could have been a lot worse by opting out of his contract a couple years ago he relieved the Rangers of their share of his contract. The Yankees became responsible for all of his new contract.

If this story is to be believed then are the Yankees making money ? The link is from 2006 but how are ticket sales this year?New York Yankees Are Losing Money, Cashman Says (Update1) - Bloomberg.com

 

[HD MM]

actually the article makes the point that it is not fair to blame ARod for this. I know that he is unpopular and it is easy to claim that his lack of popularity is well deserved but we can't balme him for everything.

Again, I'm not blaming A-Rod. I'm blaming the CONTRACT that OWNERSHIP committed to. I don't see how A-Rod, like TV Archives suggests could be responsible. Both parties had to agree to the biding contract. If the Rangers didn't think they could fulfill it, they shouldn't have agreed to it.

 

[The Insider]

If this story is to be believed then are the Yankees making money ? From 2006 but how are ticket sales this year?New York Yankees Are Losing Money, Cashman Says (Update1) - Bloomberg.com

What does the Yankees losing or making money have to do with the truth of the statement hte poster made? and that article is from 2006!?

 

[televisionarchives]

What does the Yankees losing or making money have to do with the truth of the statement hte poster made? and that article is from 2006!?

This was before they built the new Stadium. Do you think the Yankees are making a profit now? I bet this won't be the only team that files bankruptcy .

 

[Ramy]

You all are starting to cross that fine line here.

 

[The Insider]

You all are starting to cross that fine line here.

Talking about Sports team owners?

 

[Ramy]

Talking about Sports team owners?

The political jabs.

 

[The Insider]

The political jabs.

The fact the team owner happened to be a politician and what he did while one is not in question here.

The persons management of the Texas Rangers in regards to a thread about the Texas Rangers however is what is being discussed.

I wonder if Mark Cuban became a politician would be have to stop talking about him to?

 

[Ramy]

The fact the team owner happened to be a politician and what he did while one is not in question here.

The persons management of the Texas Rangers in regards to a thread about the Texas Rangers however is what is being discussed.

I wonder if Mark Cuban became a politician would be have to stop talking about him to?

Whatever!

 

[mdonnelly]

Bush had a minority interest in the team back in the early 1990's . That doesn't explain what happen to them at all.

Bush was the public face of the Rangers. But I agree, it wasn't that group that overspent on talent.