Thread: Miracles Do Happen- Look What The Yankees Just Did
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Old 04-29-2009, 07:05 PM
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Default Miracles Do Happen- Look What The Yankees Just Did
Posted By: Al

Making money.

They were one of just two teams to lose money in 2008. Detroit has an excuse but New York? Must be the small market factor.

Also figures that they are the most highly leveraged. 95% debt level is similar to the worst of recent mortgage originations. No wonder they are whacking ticket prices. Can't service the debt without people in the seats!

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