Edgy DC wrote: Well, they used a chunk of that to pay off loans from MLB and Bank of America. it's murky without seeing the books of course, meaning no one actually knows. The BoA loan was for operating expenses. was that as it applied to 2012 payroll? 2011? some sort of bridge period inbetween? If they lost 70 million last year for instance, and dropped payroll this year and maybe don't make quite as much, they're looking at what, 40million to cover? If that's not what the loan was for, they owe more. If it was they're in a different situation. We don't really know if they're still playing catchup, although the idea as the minority sales would do that. they might be refinancing to get some cash to bridge the the payroll/expense gap, or they simply might be looking at a wise investment to minimize long term payments the same way you'd refinance a mortgage or switch to a lower interest credit card. What we do know is that Sterling could afford to put $60 (I think it was 3 shares right?) million into the Mets last season. They raised money from themselves. They knew 2013 was coming. They're not Mayan. If they needed that money they could've held on to it, sold the other three shares to someone else, and had it for this year.