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Leagues and Governing Bodies

MLB TEAMS MUST COMPLY WITH 60-40 RULE; ORIOLES HIT BY TAXES

MLB Commissioner Bud Selig is "expected to inform" MLB teams at this week's owners' meetings that he "will require strict compliance with the 60-40 rule," in which teams must have a ratio of no less than 60% equity to 40% debt, according to Murray Chass of the N.Y. TIMES....

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