PHOENIX — Despite selling more tickets this season than all but one team, the took out a loan for about $50 million in September to address short-term cash flow issues and meet their obligations, including player payroll, people briefed on the team’s finances told The Athletic.
” The Padres official who was not authorized to speak publicly said that the lender did not need the team’s ownership to put in additional capital in order to provide the loan. The official also said that Seidler “is engaged,” and that funding from ownership would have been available if necessary — including from Seidler. “ false that because of Peter’s condition, we are not in a position right now to do something that we otherwise need to do,” the official said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: