The D'Backs are expected to lose "the most money in"
MLB this year, according to Nena Baker of the ARIZONA
REPUBLIC, who cited team Managing General Partner Jerry
Colangelo as saying that the amount is $10-15M in cash and
$30M "on the books." Colangelo said that "until the league
changes the skewed economic structure that has led to
imbalances on and off the field, all he can do is borrow
money or turn to the team's investors for help." Colangelo,
on the shortfall: "There are only two ways to solve it, a
capital infusion or additional lines of credit. ... I
consider any cash shortfall serious. But I think it's more
of a short-term circumstance than a long-term problem"
Colangelo "isn't saying if he's inclined to make another
cash call," through which he "raised an extra" $53M with two
previous appeals to investors. Colangelo said that he is
"now exploring" what he calls "creative financing."
Colangelo "has looked at combining" the Suns with the
D'Backs, but "he has decided it won't work in Phoenix"
because of the D'Backs' "massive debt" (AZ REPUBLIC, 10/7).
