I forgot to add my bit about the Diamondbacks, so I'll do it here:
Arizona Diamondbacks:
A quick, Ronald Reagan-level lesson: when an entity spends more money than it receives, it falls into debt. Then, since it lacks money, it can’t buy itself any lunches (after all, they aren’t free) unless, apparently, it knows voodoo. Emperor Bush I understood this, and had the cajones to raise taxes (and thus revenue) in order to try and take the United States out of debt. The Diamondbacks share more in common with Bush Deuce(bag): they spent like money like Paris Hilton at a Plastic Surgery ‘R Us over the last few years, often on dreadful ideas, revenues be damned. Naturally, they found themselves terrible and over $100 million dollars in debt at the end of the 2004 season. Instead of selling off expensive players for cheap youngsters they could build upon, they decided to reinvest gullible investors’ money into the team. Hello, Troy Glaus! Adios, solvency! My favorite line about the 2005 Diamondbacks came after the newly signed Russ Ortiz claimed that the Snakes fully expect to make the World Series this year. When informed of the comment, a Baseball Prospectus author replied, “Does he know they signed Russ Ortiz?” They’re toast, and they’ll be acquiring even more debt for the pleasure of finishing last.
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