Texas Rangers File For Bankruptcy, Alex Rodriguez To Lose $25MM In Deferred Comp As Largest Unsecured Creditor

Tyler Durden's picture




 
0
Your rating: None
 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Mon, 05/24/2010 - 12:05 | 370162 jkruffin
jkruffin's picture

New Jersey Nets and Florida Marlins soon.

Mon, 05/24/2010 - 12:11 | 370183 cossack55
cossack55's picture

Don't forget the Indiana Pacers, please.

Mon, 04/04/2011 - 03:17 | 1131535 jessiejune
jessiejune's picture

maybe we should do someone who could be the idole for himself or herself...we should not do just like someone else just be yourself,like a tree.without rely and hopeness Flour Mill For Sale

Mon, 04/04/2011 - 03:20 | 1131536 jessiejune
jessiejune's picture

maybe we should do someone who could be the idole for himself or herself...we should not do just like someone else just be yourself,like a tree.without rely and hopeness Flour Mill For Sale

Mon, 05/24/2010 - 13:17 | 370390 whatsinaname
whatsinaname's picture

The only beneficiary in this most recent collapse of an American symbol - dont know about the symbol part. Sports franchisees have been big beneficaries of this artificial 25 year boom too and will get trampled as the unravelling continues relentlessly.

Mon, 05/24/2010 - 19:48 | 371164 Moneygrove
Moneygrove's picture

One more mess by G.W. !!!!!!!!!!!!!!

Mon, 05/24/2010 - 12:06 | 370165 Caviar Emptor
Caviar Emptor's picture

Tyler, the muck is getting thicker!

Mon, 05/24/2010 - 12:09 | 370175 sheeple
sheeple's picture

Whoa, A-rod's going to have trouble paying rent and maintaining his maserati collections

 

Poor guy

Mon, 05/24/2010 - 12:09 | 370177 The Rogue Trader
The Rogue Trader's picture

Prelude to municipal BK's....as they cannot pay their "A Rod's" in the form of outrageous public employee pensions....

Mon, 05/24/2010 - 12:11 | 370182 tmosley
tmosley's picture

For a second there I thought you were talking about the law enforcement organization.

Now I'm disappointed.

Mon, 05/24/2010 - 12:27 | 370243 ZackAttack
ZackAttack's picture

If that were the case, Chuck Norris would just roundhouse kick Bernanke until he bailed them out.

Mon, 05/24/2010 - 13:54 | 370490 rmsnickers
rmsnickers's picture

False; one kick from Chuck Norris results in immediate death.

Mon, 05/24/2010 - 14:54 | 370630 Chupacabra
Chupacabra's picture

Little known fact:  When Chuck Norris does push-ups, he isn't pushing himself up . . . he's pushing the earth down.

Mon, 05/24/2010 - 13:26 | 370411 M4570D0N
M4570D0N's picture

haha, same here. Last year, a family friend was named chief of the TX Rangers, becoming becoming the youngest chief in Ranger history. Good thing for him it's the other Texas Rangers. I doubt he could take on Chuck.

Mon, 05/24/2010 - 12:15 | 370201 Apostate
Apostate's picture

Wow.

Most sports teams are in dire fiscal straits these days.

First the circuses go away, then the bread?

Mon, 05/24/2010 - 13:09 | 370360 Hulk
Hulk's picture

NBA received 100 million in tarp funds...if memory serves me. 

Mon, 05/24/2010 - 14:55 | 370631 Chupacabra
Chupacabra's picture

Please tell me you're kidding

Mon, 05/24/2010 - 16:30 | 370842 Hulk
Mon, 05/24/2010 - 12:15 | 370202 homersimpson
homersimpson's picture

He wouldn't be getting this huge contract if he didn't take steroids during this era. Boo-hoo to him, I guess. Call it Karma.

Mon, 05/24/2010 - 12:15 | 370203 koaj
koaj's picture

kevin millwood - 12m?!?!?

 

vincente padilla 4m? he's fantasy add/drop trash

Mon, 05/24/2010 - 12:16 | 370204 John McCloy
John McCloy's picture

  Ben always wanted to own a baseball team.

Mon, 05/24/2010 - 14:16 | 370539 seventree
seventree's picture

The taxpayers will own the team, good news is we can put them up in Red Roof Inns.

Mon, 05/24/2010 - 15:59 | 370748 RichardENixon
RichardENixon's picture

Don't forget a fleet of GM vehicles.

Mon, 05/24/2010 - 19:49 | 371167 Moneygrove
Moneygrove's picture

just like is boss G.W !!!!!!!!!!!!!!!!

Mon, 05/24/2010 - 12:16 | 370205 Internet Tough Guy
Internet Tough Guy's picture

Swing, battah.

Mon, 05/24/2010 - 12:18 | 370210 Caviar Emptor
Caviar Emptor's picture

IMO Baseball has been dancing on the edge of the cliff. Raising ticket prices and pay packages into hard times. As a lifelong fan, baseball lost the hearts and minds of fans since the '90s with strikes and steroids. Guys like Clemens and McGwire exemplified the badness. If they go to the hall of fame, all cheaters including Pete Rose should too

Mon, 05/24/2010 - 12:21 | 370226 Internet Tough Guy
Internet Tough Guy's picture

Charlie Hustle never cheated, never took roids. He just placed a few bets. There wouldn't even be pro sports without gambling; free Pete Rose.

Mon, 05/24/2010 - 12:36 | 370269 Agent P
Agent P's picture

I agree with you 100%. 

Disclaimer: My childhood baseball card collection sitting in boxes in my closet is about 80% Pete Rose cards.  I also have some Dwight Gooden, Darryl Strawberry, Kirby Puckett, Bo Jackson, etc, etc.  Basically, if you want to ruin a ballplayer's career, just send me his card and I'll hold it in my collection...now I make investment decisions for a living...pretty scary!

Mon, 05/24/2010 - 16:01 | 370750 RichardENixon
RichardENixon's picture

What about Horace Clarke and Jerry Lumpe?

Mon, 05/24/2010 - 20:36 | 371214 weinerdog43
weinerdog43's picture

If we're even considering Pete Rose, Shoeless Joe should get in 1st.

Mon, 05/24/2010 - 12:31 | 370250 ZackAttack
ZackAttack's picture

Absolutely right about that... if you had to point to a single critical event, it might've been the '94 strike that tipped it over.

Now, every modern record is in question. You should really just asterisk anything post-1980. Also, the game's pace is just wrong for the modern era, and it's not clear it can be 'fixed.'

Mon, 05/24/2010 - 12:44 | 370288 mjv
mjv's picture

It is amazing that MLB kept things together enough during two world wars to keep playing, but the epic greed and distrust on both sides in the mid-1990's was enough to skip a world series.

I was a huge baseball fan (and I'm still a fan to a certain extent), but that strike and the steroid scandal have really impacted my interest in baseball and pro sports.

Mon, 05/24/2010 - 12:49 | 370300 Chartist
Chartist's picture

Baseball lost me way before the 1990s....I haven't been a fan of baseball since the days of the Big Red Machine.

Mon, 05/24/2010 - 13:12 | 370367 Hulk
Hulk's picture

If sports in this country goes bankrupt, then there will be real trouble! Guys dressed in barrels with Ak's roaming the streets! Only on sunday's though...

Mon, 05/24/2010 - 16:50 | 370898 ColonelCooper
ColonelCooper's picture

My only thought is that now that this is starting to effect sports, it may resonate with some of the sheeple.  If only Dancing with the Stars could go belly up, then we'd have somebody pissed off. 

AP- American Idols declares Bankruptcy.  Ryan Seacrest left Holding the Bag for 10 Million.  Paula Abdul's Stock Options worth Bubkus.  Rioting Ensues Nationwide!!!

Mon, 05/24/2010 - 17:05 | 370922 Hulk
Hulk's picture

and there goes Paulas's fun drugs...

Mon, 05/24/2010 - 12:23 | 370228 lizzy36
lizzy36's picture

a-rod = epicdouche.

Mon, 05/24/2010 - 12:26 | 370241 Ludic Fallacy
Ludic Fallacy's picture

New Jersey Nets and Florida Marlins soon.

Actually, more like Liverpool soon.  The Hicks group has saddled that club with so much debt, the fans are regularly demonstrating.  It's fun to watch as a Man Utd fan. 

Mon, 05/24/2010 - 12:57 | 370324 M.B. Drapier
M.B. Drapier's picture

Those who live in, er, glass houses...

Mon, 05/24/2010 - 12:31 | 370249 Prison Justice
Prison Justice's picture

Looks like a perfect time for the Fed to bailout A-Rod.  Makes sense, doesn't it?

Mon, 05/24/2010 - 12:33 | 370255 Captain Willard
Captain Willard's picture

Does this mean that A-Rod gets to chair the creditors' committee?

Mon, 05/24/2010 - 14:56 | 370637 Chupacabra
Chupacabra's picture

That would be awesome

Mon, 05/24/2010 - 12:38 | 370274 mjv
mjv's picture

Can the Rangers be renamed the Tulips?  I guess that Dubya played Hicks as the greater fool in this case.

Mon, 05/24/2010 - 13:14 | 370375 Hulk
Hulk's picture

The Texas Tulips? You sir or madam, are un Amerikan...please exit the country immediately..

Mon, 05/24/2010 - 16:06 | 370763 aerojet
aerojet's picture

Dubya never appeared to me to be that bright of a guy or that savvy a businessman, so you do the math on how he managed to get in and then out of the Rangers with the maximum profit.  That doesn't happen by accident, you have to not only know events are going to take place, but also when.

Mon, 05/24/2010 - 12:43 | 370286 trillion_dollar...
trillion_dollar_deficit's picture

Surprised Selig didn't step in here since there's a precedent for doing so with the Diamondbacks a few years back and to a much greater extent the Expos.

Mon, 05/24/2010 - 12:45 | 370293 Mae Kadoodie
Mae Kadoodie's picture

A-Rod=Too Big to Fail

(that's what she said)

Mon, 05/24/2010 - 12:46 | 370295 HEHEHE
HEHEHE's picture

Does Cameron Diaz know about this?

Mon, 05/24/2010 - 12:47 | 370298 doomandbloom
doomandbloom's picture

guess MTV Cribs will not be going to his home then?

Mon, 05/24/2010 - 12:48 | 370299 thesapein
thesapein's picture

Finally, some good news.

Remembering that Dewitt (Cardinals) helped Bush buy the Rangers, once upon a time.

Do NOT follow this link or you will be banned from the site!