MLB owners’ shopping spree may not be the best way to demonstrate their alleged financial ruin [Toronto Globe and Mail (Ontario, Canada)]
Rogers Communication, Inc. (RCI)
Last rogers communication, inc. earnings: 4/22 07:00 am
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Source: Toronto Globe and Mail
In order to make clear how much they require changes in the way business is done in order to stay viable, Major League Baseball’s owners went on an almighty shopping spree just before Thursday’s lockout. Nearly US$1.5-billion was promised to free agents in November, a near-record amount in record-setting time. In terms of crying poor, this is a bit like buying a yacht to celebrate your impending bankruptcy. So many teams splurged, it is hard to pinpoint the worst offender. Maybe it’s the Texas Rangers forking over half a billion dollars for two shortstops (ex-Toronto rent-a-star Marcus Semien and Corey Seager). One is fine, but two seems a bit luxurious. Maybe it’s the Chicago Cubs giving former Blue Jays pitcher Marcus Stroman US$71-million for three years. The technical term for what Stroman offers is ‘good’. He’s good at most things, but not great at anything. In their rush to grab something before the shop closed, the Cubs gave him ace money. Or maybe the winner in this sprint tow
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- 4/24/24 - Beat
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- 4/25/24 - Form 6-K
- 4/25/24 - Form 6-K
- 4/25/24 - Form 6-K
- RCI's page on the SEC website