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Tuesday, May 04, 2004 |
Worth Repeating: Greenspun Backgrounder
A must-read at Arrive In The Third... on former Bruce McNall book-cooker Martin Greenspun. The Dodgers' amazing start has everyone applauding, but what's been forgotten (even by me from time to time) is that McCourt really doesn't have any cash flow -- in fact, thanks to debt service, he has negative cash flow -- to support any losses that might occur.
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